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Hungary.

How Hungary sells residence for investors (golden visa): 2 residence programmes, 1 of them open today. Every number and rule below links to the document it comes from.

Residence ↓
2
residence programmes
407
numbers
128
prices and rules
33
events

36 documents and articles behind this page, listed at the bottom.

Residence

Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later. Hungary: 2 residence programmes, 1 of them open today; 407 numbers, 128 prices and rules. Every country's residence programmes

All the numbers, sources and downloads for Hungary in the data portal →

Guest Investor ProgramResidence
Status
Lowest price for one person
Last change
Residency bond programmeResidence

Residence only: citizenship followed the normal rules.

Status
Lowest price when it closed
Top nationalities
Last change
Residence·Open·since 2024

Guest Investor Program

Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later.

Official name: Hungarian Guest Investor Program (vendégbefektetői vízum és tartózkodási engedély)

Lowest price for one person: €250,000

Units of a qualified Hungarian real estate fund, held 5 years. Alternatives: EUR 1,000,000 donation to a foundation-run university (t-0acf83b0be); the EUR 500,000 property route (t-bfb4bb20e7) was removed from 30 Dec 2024 and seems never to have operated.

Notes from the research

Act XC of 2023, ss. 16 and 22: six-month guest investor visa, then a 10-year residence permit renewable for 10 more, with the right to work. Routes: EUR 250,000 in units of a qualified Hungarian real estate fund held 5 years; EUR 1,000,000 donation to a foundation-run university; EUR 500,000 residential property until removed on 30 Dec 2024. Security vetting by the Constitution Protection Office; fund managers need clearance. Law in force 1 Jan 2024, but the first fund manager qualified only in Oct 2024. No official statistics are published; press reports from OIF data show very low take-up.

Prices and rules

Ways in that apply today (minimum amounts)
Fees today

What is measured

  • Investor visa applications5
  • Investment funds eligible for a programme3
  • Investor visas issued2
  • Applications pending1
  • Applications received1
  • Applications turned down1
  • Applications withdrawn1
  • Security-service recommendations to refuse1
Residence·Closed·2012–2017

Residency bond programme

Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later.

Citizenship. Residence only: citizenship followed the normal rules. (from the research notes below)

Official name: Hungarian residency bond programme (Letelepedési Magyar Államkötvény, settlement bond)

Lowest price when it closed: €300,000

Price at closure (31 Mar 2017): EUR 300,000 face value of residency bonds per applicant, for applications filed after 1 Jan 2015 (EUR 250,000 before, t-36b425f7c7). Intermediaries' service fees (reported EUR 45,000-60,000) excluded.

Notes from the research

Residence permit in the 'national economic interest' under s. 28(3)-(11) of Act II of 2007 (added by Act CCXX of 2012) for holders of at least EUR 250,000 (EUR 300,000 from 2015) of five-year securities sold by private intermediaries approved by Parliament's economic committee (eight in all, mostly offshore; one per country); the intermediaries bought discounted zero-coupon euro bonds from ÁKK. Settlement (permanent residence) permit after six months, directly from July 2016 per Index. ÁKK: EUR 1.844 billion face value issued 2013-2017 in 11 series, all repaid by 2022. BMH: about 6,500 investors and 13,300 family members. Residence route only; normal naturalisation rules applied.

Investor-programme bonds outstanding, on a date (euros)
€0€500m€1bn€1.5bn€2bn20142016201820202022

The line follows the official figure for each date; faint dots are other sources and earlier versions.

CBI government bond purchases, per year
050bn100bn150bn200bn20132014201520162017

The line follows the official figure for each period.

Investor-programme bonds repaid, per year (euros)
€0€200m€400m€600m20182019202020212022

The line follows the official figure for each period.

Who buys

Golden visas issued, by nationality, per year
The 6 largest nationalities in recent years; 31 more are in the data but not drawn, so a bar is not a total. Each piece is one published number: click it for its source.
05001k1.5k2k20132014
ChinaRussiaIranSyriaPakistanTurkey

Prices and rules

Rules while it was open

What is measured

  • Investor-programme bonds outstanding156
  • Golden visas issued122
  • Implied annual cost of investor capital22
  • Extra financing cost of investor-programme bonds20
  • Investor residence permits revoked17
  • CBI government bond purchases10
  • Investor-programme bonds as a share of state financing9
  • Investors approved, not counting family members6
  • Investor-programme bonds repaid6
  • Intermediary fees charged per investor4
  • Income of programme intermediaries4
  • Investor-programme bonds sold (count)3
  • and 8 more; see Explore below.
Gaps

What we know is missing

A gap means no figure is in our data: either it was never published or we haven't found or read it yet. Charts leave gaps open rather than drawing across them.

Explore

All the numbers we have for Hungary

407 numbers about Hungary's residence programmes. Pick a programme and what you want to see. Each dot is one number from one document; click anything to open its source.

Timeline

What happened, and when

Sources

The 36 documents behind this page

The stories behind the numbers

Who buys passports and golden visas, what they cost, and what happens when governments change the rules. Written from this data, in the newsletter.

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