Hungary, situated in Central Europe, is renowned for its rich history, vibrant culture, and strategic location at the crossroads of East and West. With its dynamic economy and favorable business environment, Hungary presents an enticing opportunity for global investors seeking residency in the heart of Europe. The New Residency by Investment (NRBI) Program offers a streamlined pathway to obtaining Hungarian residency, providing access to a range of benefits and opportunities.
Capital: Budapest
Language: Hungarian
Population: Approximately 9.6 million
Currency: Hungarian Forint (HUF)
Hungary Residency by Investment Overview
| Aspect | Details |
| Processing Time | The entire process typically takes only 4-6 weeks. |
| Visa-Free Countries | Enjoy visa-free access to the Schengen Area. |
| Investment Types | ● €250,000: Hungarian Property Fund investment.
● €500,000: Acquisition of Hungarian real estate. ● €1 million: Donation to a Hungarian Public Trust. |
| Investment Amount | Variable, depending on the chosen investment type. |
| Dependent Family | Includes spouse, unmarried children, and parents. |
Hungarian Passport Holders’ Advantages
Key Facts
- Hungarian passport holders have the flexibility to hold dual citizenship, providing additional options and opportunities for international travel and residency.
- The Hungarian passport grants permanent citizenship, which can be passed down to future generations, ensuring long-term stability and security for families.
- Obtaining a Hungarian passport is streamlined and straightforward, facilitating ease of access for eligible individuals seeking to benefit from Hungarian citizenship.
Global Mobility
- The program allows visa-free travel to Schengen Area countries for the applicant and their family.
- No minimum in-country stay requirements, providing flexibility to the residency holders.
- The widespread acceptance of the Hungarian passport facilitates international business endeavors, professional networking, and investment opportunities across borders.
- Hungarian passport holders can engage in cultural exchange and collaboration with individuals and organizations worldwide, fostering mutual understanding and cooperation.
Asset Protection
- Hungary’s stable legal system and regulatory environment provide a secure foundation for asset protection, safeguarding investments, properties, and financial assets held by Hungarian passport holders.
- Hungarian embassies and consulates worldwide offer diplomatic protection and consular assistance to Hungarian passport holders, ensuring their rights and interests are upheld while traveling or residing abroad.
- The Hungarian passport facilitates access to international financial services and wealth management opportunities, enabling Hungarian passport holders to effectively preserve and grow their assets on a global scale.
Investment Type and Amount
The Hungary Residency by Investment Program offers investors a range of investment options, each requiring varying amounts of investment capital. The investment types and corresponding amounts are as follows:
- Hungarian Property Fund: €250,000.
- Hungarian Real Estate Acquisition: €500,000.
- Donation To A Hungarian Public Trust: €1 million.
Timeline
| Month 1 | The first step is to get the pre-approval on the applicant’s passport history administered by the MICS professional legal team and the Hungry government after having the MICS initial professional fee payment.
The MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government. Once all documents are collected and the file is prepared to be submitted, the government processing fees, due diligence fees, and MICS’s second professional fee will be due. |
| Month 2 – 3 | The completed application will be evaluated for conformity with the Hungry RBI program, and the due diligence procedure will be reported.
If the result is positive, the applicant will be invited to invest by donating to the government or purchasing any government-approved real estate project. |
| Month 3 – 4 | The Certificates of Naturalization will be issued for all family members in the file, and the passport applications will be finalized.
Once the passports are issued, they can be collected in one of the MICS offices or delivered to the applicants. This is when the payment of the MICS professional fee balance will be due. |
Feel free to contact MICS Global and arrange an initial private consultation. During this session, we’ll explore your needs in-depth and offer personalized insights to guide your journey. We look forward to connecting with you.
