Why Hungary is a Good Place to Live?
All You Need to Know About Hungary Golden Visa
Rich with romantic architecture, picturesque landscapes, and an abundance of thermal baths, Hungary stands as a captivating destination that beckons exploration. Its unique identity has been crafted through a diverse tapestry of influences, from the footsteps of Ottoman invaders to the artistic touch of Italian Renaissance designers. Beyond its cultural charm, the country offers a great opportunity for those seeking a gateway to European investment through Hungary Golden Visa program. As you delve into the best of Budapest and beyond, the allure of Hungary’s investment landscape unfolds, making it an inspiring destination for those considering a new chapter in European residency and investment.
Hungary — A Tapestry of Rich Heritage and Modern Delights
Hungary, nestled in the heart of Europe, is known for its rich history, stunning landscapes, and vibrant culture. Although it is, geographically, a small country, it is home to the Europe’s largest synagogue, the continent’s most expansive medicinal bath, the third-largest church in Europe, and the world’s second-largest baroque castle. Adding to its allure, Lake Balaton, one of Hungary’s most picturesque destinations, claims the title of the largest lake in Central Europe.
Reasons to Live in Hungary
Step into the heart of Hungary’s allure, where captivating landscapes, cultural treasures, and a quality lifestyle converge; here are the reasons that make Hungary a destination worth calling home:
- Cultural Riches: Hungary boasts a rich cultural heritage, with influences from various historical periods, including Roman, Ottoman, and Austro-Hungarian. Residents can immerse themselves in the vibrant arts, music, and traditions.
- Affordable Living: Hungary offers a relatively affordable cost of living compared to many Western European countries. Housing, food, and entertainment expenses are generally more budget-friendly.
- Scenic Landscapes: From the picturesque Danube River to the tranquil Lake Balaton, Hungary is home to stunning natural landscapes. Residents can enjoy outdoor activities, including hiking, cycling, and exploring charming countryside.
- Thermal Baths: Hungary is renowned for its thermal baths, providing residents with a relaxing and therapeutic escape. Budapest is famous for its historic thermal spas.
- Central European Location: Hungary’s central location in Europe makes it an ideal hub for travel. Residents can easily explore neighbouring countries and experience diverse cultures within a short distance.
- Historic Architecture: The country is dotted with historic architecture, including medieval castles, Baroque palaces, and charming villages. Living in Hungary means being surrounded by a unique blend of architectural styles.
- Culinary Delights: Hungarian cuisine is a treat for food enthusiasts. From hearty stews like goulash to sweet pastries, residents can indulge in a diverse range of delicious and distinctive dishes.
- Education and Research Opportunities: Hungary is home to several prestigious universities and research institutions, offering residents access to quality education and opportunities for academic and professional growth.
- Friendly Communities: Hungarians are known for their hospitality and friendliness. Living in Hungary provides an opportunity to integrate into welcoming communities and build meaningful connections.
- Safety and Security: Hungary is considered one of the safest countries in Europe. Residents can enjoy a sense of security and peace of mind in their daily lives.
Everything You Need to Know About Hungary Golden Visa
Hungary is poised to emerge as the latest hotspot for savvy investors with the introduction of its enhanced golden visa program. In an announcement by the Hungarian government, the new ‘guest investor residence permit’ is positioned as the most attractive investment residency program in the European Union (EU), offering a compelling investment opportunity with a plethora of benefits that extend beyond geographical borders.
What to Expect from Hungary Golden Visa Program for Investors?
This revamped golden visa program offers investors a range of options to secure Hungarian residency:
- EUR 250,000: Purchase bonds issued by a real estate fund registered by the Hungarian National Bank (MNB).
- EUR 500,000: Invest in Hungarian residential real estate.
- EUR 1 million: Make a donation to a designated educational or cultural institution.
Regardless of the investment opportunity selected, successful applicants and their families will enjoy 10 years of residency in Hungary, and remarkably, there is no minimum stay requirement. The minimum investment is set at EUR 250,000, and investors must fulfil their investment within 90 days after visa application approval.
Unique Benefits of Hungarian Residency Through Investment
- Extended Validity: The guest investor residence permit remains valid for up to 10 years, a significant advantage over other residency programs with shorter durations.
- Family Inclusion: Family members who base their application on the same investment also receive 10 years of residency, offering a unified approach for the entire family.
- Investment Maintenance: Unlike other residency types that may require significant time spent in Hungary, guest investors remain eligible for residency extensions as long as they maintain their investment.
Other Benefits of Obtaining Hungary Golden Visa
Hungary’s new investment residency proposal adds compelling attractions for those seeking EU residency and visa-free travel:
- Visa-Free European Mobility: Enjoy seamless visa-free access to the Schengen Area for you and your family.
- Diverse Investment Options: Opt for a secure property fund investment or buy residential property in Hungary.
- Post-Approval Investments: Obtain residence approval before committing any capital, providing security for investors.
- 10-Year Residence Permit: The guest investor residence permit stands out for its extended validity, lasting up to a decade.
- Path to Citizenship: After residing in Hungary for 8 years, investors can apply for citizenship, further expanding opportunities.
Application Process and Requirements for Hungary Golden Visa
Here’s a quick guide on how to apply and meet the requirements effortlessly – making the process a breeze!
Main Applicant Requirements
- Clean criminal record.
- Financial assets of at least €250,000 for investment.
- Obligation to invest within 90 days after approval.
- Adequate funds for residing in Hungary.
Spouse Requirements
- Marriage certificate.
- Clean criminal record.
Minor Children Requirements
- Dependent children below the age of 18.
- Birth certificate.
On a Parting Note
Hungary’s enhanced golden visa program is not just an immigration option; it is a gateway to European investment opportunities. With its extended residency validity, family-friendly policies, and a clear path to citizenship, Hungary emerges as a strategic choice for investors seeking to immerse themselves in the rich European landscape. Whether drawn to the historic charm of Budapest or the diverse investment options, Hungary’s new golden visa is undoubtedly an avenue worth exploring for those aiming to make Europe their home. Get ahead, explore the possibilities, and consider Hungary’s golden visa as your key to unlocking a world of investment and lifestyle opportunities in Europe.
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