The Hungarian Residency by Investment Program requires that you follow the steps as outlined:
iWA Citizenships shall pre-screen your passport copy for Government pre-approval to ensure fast processing. A down payment of the professional fees will be required to open your application.
At this phase, the investor initiates their application for a temporary Category D visa, which grants them the opportunity to proceed with the residency process.
The government will perform its official due diligence and background checks as part of the immigration procedure.
Upon approval of the visa application, the investor is required to visit Budapest to provide biometric data and collect the residency card in person.
The initial residency is valid for 12 months and allows for a single entry into Hungary to finalize the Golden Visa and property acquisition.
Upon receiving the final approval, the remaining program fees and property expenses must be settled within 90 days. A certificate of ownership is issued upon payment.
Once the real estate transaction is successfully completed, Hungary automatically converts the Category D visa into a long-term 5-year residency card, which can be renewed as long as property ownership is maintained and a valid address in Budapest is retained.
Double nationality provides individuals with benefits from two or more countries, which means they can have a better chance at a quality life.