Hungary’s Permanent Residency Program offers a gateway to residence in this vibrant European nation, providing an attractive option for individuals seeking long-term relocation.
To be eligible to apply for this program, you must be over 18 years old, in good health, and without a criminal record.
Benefits
✔️ Straightforward process
This opportunity comes with no language, residency, or knowledge requirements and offers the advantages of a favorable tax system, providing lifestyle and financial security within the EU’s stable economic and political environment.
✔️ Minimum Physical Residency
Successful investors are required to maintain property and a registered address, but there’s no need for physical residency.
✔️ Dependents
This program allows you to include your spouse, unmarried children, and parents on a single application.
✔️ Permanent Residency
The initial residency permit is valid for five years and can be easily renewed.
✔️ Route to citizenship
Achieve permanent residency in just three years and become eligible for citizenship after eight years.
✔️ Visa-free travel
Benefit from access to the highly sought-after Schengen Zone in the European Union.
Program requirements
✔️ Main applicant requirements
18+ years of age
Good health
No criminal record
Successfully pass due diligence checks
Confirmed investment sources
✔️ Eligible dependents
Spouse of the main applicant
Children above the age of 18 as long as they are enrolled in a continuous education institution and dependent on the main applicant
Parents
Parents in-law
*Parents and children older than 18 must be dependent on the main applicant.
Program process
The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice.
The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
Legal basis
As per the Hungarian Permanent Residency Act CCXX of 2012 amending Act II of 2007 on the Entry and Residency Requirements of Third-Country Citizens Article 1(4) 4):
For Paragraph (3), a third-country citizen’s stay in Hungary is considered to be “in the interest of the national economy” in particular if:
a) The third-country citizen who applies verifies that he/she own(s) security with a face value of at least EUR 300,000 and with a maturity of at least five years”.