Yes, it is possible to obtain residency in Hungary through real estate investment, specifically through the purchase of property. Hungary offers a Residency Bond Program and a Real Estate Residency Program that allow foreigners to acquire residency by investing in Hungarian real estate. Here’s an overview of these two options:
- Residency Bond Program: This program allows non-EU/EEA citizens to obtain Hungarian residency by purchasing government bonds with a minimum value of €300,000. In addition to the bond purchase, applicants must pay processing fees, which can vary. The program provides temporary residency, and after the initial period, you can apply for permanent residency and eventually Hungarian citizenship.
- Real Estate Residency Program: The Real Estate Residency Program allows non-EU/EEA citizens to acquire Hungarian residency by investing in residential real estate in Hungary. To be eligible, you typically need to invest in a property with a minimum value of at least HUF 300 million (approximately €1 million) and demonstrate the legal source of funds for the investment. This program provides temporary residency, and you can apply for permanent residency after a specified period.
It’s essential to note that residency programs and requirements may change over time, so it’s crucial to check the most up-to-date information and eligibility criteria from official government sources or consult with legal experts specializing in immigration and residency matters in Hungary.
Additionally, it’s advisable to consider consulting with a qualified immigration attorney or advisor who can guide you through the application process and ensure that you meet all the requirements and obligations associated with obtaining residency through real estate investment in Hungary.
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