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What are the special conditions for participating in the Golden Visa Program?There are 3 options, and you shall choose one of them. 1. Acquisition of investment units, in the amount of at least EUR 250,000, issued by a real estate fund registered by the Hungarian National Bank. 2. Purchase of a residential real estate in Hungary, that is valued at least EUR 500,000. 3. Donation of at least EUR 1,000,000 for a Hungarian university for education, research or arts purposes.
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How long does the legal procedure take to have Hungarian Golden Visa?As of our current knowledge, It can last up to 3-4 months.
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Is it possible to rent the real estate after I have purchased it?yes, you are free to rent it. However, you are not allowed to sell it for 5 years after the date of purchas
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Is it possible to realize the investment or buy the property before entering Hungary or submitting the request for participating in the Golden Visa Program (i.e. in advance)?Yes, it is possible.
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Can the validity of the Hungarian Golden Visa be extended upon its expiration?Yes, it can be extended for another 10 years, with the same conditions.
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If someone has a long-term visa in a different Schengen country, does this visa need to be cancelled for applying to the Hungarian Golden Visa Program?No.
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Can I or my family members work if I have Hungarian Golden VisaYes, you will be free to work in Hungary or start a business in the country.
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Do I have to travel to Hungary to apply for the Program?Yes, you need to come once to submit the request for the Golden Visa Program.
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Can my children attend a public school in Hungary?Yes, elementary school and secondary school for free. For attending a university, you shall pay a fee.
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Can I cover the investment (acquisition of EUR 500,000 in investment units or EUR 1,000,000 donation to a Hungarian university) from a loan?You can receive a Hungarian Golden Visa if you prove that the money for realizing the investment or the donation is available on your bank account and can be transferred to Hungary.
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What are the advantages of the Hungarian Golden Visa program?It offers a very good opportunity for a reasonable price. Holders of the Hungarian Golden Visa can come to Hungary and the European Union together with their families for 10 years. Hungarian Golden Visa holders can work in Hungary and start a business in Hungary without limitations.
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Is there an interview in Hungary to apply to the Program?No, there is no interview.
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Is there a period when I have to live in Hungary?There is no obligation to live in Hungary during the participation in the Golden Visa Program.
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How can I apply for a Hungarian Golden Visa?We are happy to assist you. Please contact us and we shall get back to you to start the process. The first requests for the Hungarian Golden Visa can be submitted from 1 March 2024. 01. 31.
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Are unmarried partners entitled to a Family Member Visa?No.
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Can the Hungarian Immigration Office withdraw your Golden Visa? If yes, what are the main reasons for it?Yes, if you provided a false information during the application for the Hungarian Golden Visa; if you commit a serious crime, or if you do not realize the investment/ donation or the real estate purchase in 3 months from the date of entering Hungary.
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If the Hungarian Golden Visa expires, what happens to the investment?The donation of EUR 1,000,000 is non refundable. The real estate and the investment units remain in your possession, you are free to do with them what you want.
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Can Hungarian Golden Visa Holders bring their families with them?Yes. Hungarian Golden Visa Holders can bring their families to Hungary. Family members shall apply for a special type of visa (Visa for Family Members). The Visa for Family Members is available for spouses, minor children and parents of Golden Visa Holders.
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Besides the investment /purchasing a property /giving a donation, are there any other conditions to obtain Hungarian Golden Visa?Yes, some general conditions: valid passport, you shall have accommodation, a decent level of living (incomes), which is EUR 15,000-20,000 /year / person, or for a family of 4 members, EUR 40,000-50,000 / year and cover for medical emergencies.
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Do Golden Visa Holders automatically receive Hungarian citizenship?No, the Hungarian Golden Visa gives a residence permit for 10 years.
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Shall I provide a cause for coming to Hungary?No, you do not need to provide a cause for entering Hungary. You shall only comply with the general conditions and realize the investment in investment units of EUR 500,000; or buy a residential property of EUR 500,000, or give a donation to a Hungarian university of EUR 1,000,000 EUR.
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Can Hungarian Golden Visa holders travel free to the Schengen Area (European Union)?Yes.
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If I choose the acquisition of investment units in a real estate fund, what amount of yield can I count on?Currently there is no available information on it. Information shall be available from March 2024.
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If two third-country citizens decide together to apply for the Hungarian Visa Program, and they buy a property for EUR 1,000,000, will both of them entitled to Golden Visa?Individuals can purchase a property jointly. However, everyone shall have an ownership ratio of EUR 500,000 in it, and they have to be family members to each other. So, if two individuals (friends, business partners etc), who are not family members, buy a joint property, will not be entitled to the Hungarian Golden Visa.
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Is there a deadline for realizing the investment or buying the real estate?Yes, you shall realize the investment or buy the property in 3 months from the date of entering Hungary.
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What kind of real estate is appropriate for participating in the Golden Visa Program?You need to buy a residential real estate. Business properties or warehouses are not appropriate for the Program.
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Can I sell the property which was purchased for obtaining the Hungarian Golden Visa?For five years from the purchase of the real estate, it is not possible to sell it (there is a legal limit on selling the property). After five years, you are free to sell the property. Please note, that if you wish to extend your Hungarian Golden Visa after its expiation, you shall have a property of similar value.
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Is there a tax when I purchase a real estate in Hungary?Please note that at the time of purchasing a real estate, you are entitled to pay a tax of 4% on the purchase price of the real estate, but later on, there is no tax on the real estate.
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