Obtaining Residence Permit as a Guest Investor?

Considering residency in Hungary? The Guest Investor program offers a path to residence through strategic investment. This guide simplifies the process, outlining eligibility, application steps, and key details.

Who Can Apply?

• Non-EU citizens (third-country nationals)
• Investors contributing to Hungary’s economic well-being

Qualifying Investments:

• Real Estate Investment Fund (Min. EUR 250,000): Invest in a Hungarian National Bank-registered fund focusing on Hungarian residential real estate (min. 40% of net assets). Hold the investment for at least 5 years.
• Hungarian Property Purchase (Min. EUR 500,000): Purchase a property free of encumbrances, register a 5-year prohibition on sale/encumbrance, and maintain ownership for 5 years (individual or joint ownership with family applying for residence).
• Higher Education Donation (Min. EUR 1,000,000): Donate to a Hungarian university for educational, scientific, or artistic pursuits.

Where and When to Apply:

• Within Hungary Only
• Guest Investor Visa Holders: Apply within 93 days of entering Hungary.
• Visa-Exempt Applicants: Apply within 93 days of your first entry.
• Application Options: Electronically via Enter Hungary platform or in person at the NDGAP regional directorate based on your Hungarian residence.

Application Process:

1. Complete Application Form: Attach required documents (see below).
2. Submit Application: Electronically or in person.
3. Pay Administrative Fee.
4. Provide Biometric Data: Facial photograph and fingerprints.

Required Documents:

• Investment Proof (varies by option):
  • Real Estate Fund: Certificate from the fund manager.
  • Property Purchase: Contract of sale and purchase (lawyer-countersigned).
  • Donation: Certificate from the higher education institution.
• Proof of Sufficient Funds in Hungary (e.g., bank statements, income documents).
• Proof of Accommodation in Hungary (e.g., lease agreement, ownership document).
• Health Insurance Proof.
• Proof of Meeting Exit Conditions (valid passport, travel tickets, or sufficient funds).
• One Facial Photograph

Processing Time and Permit Validity:

• Processing Time: Usually 21 days by NDGAP (may request additional documents).
• Permit Validity: Up to 10 years (extendable for another 10 years).

Additional Information:

• Report any investment changes within 5 days via Enter Hungary.
• Residence permits allow independent work, CEO positions, or employment under a contract.
• You have the right to appeal a rejected application within 8 days of receiving the decision.

Considering Guest Investor Residency? Our law firm can guide you through the process and answer any legal questions related to residence permits in Hungary.