Hungary offers one of the most attractive residency programs in the European Union, providing a perfect balance between the duration of residency, investment costs, and the advantages it offers:
• The residency permit is issued for 10 years with the possibility of renewal for another 10 years.
• Applications are processed in just 21 days.
• It is possible to apply with a Russian passport.
• The minimum investment amount is €250,000 (see details below).
• Permanent residency (PR) can be obtained after 3 years.
• The investment can be exited after 5 years.
• With a Hungarian residency permit, you can work and conduct business in Hungary.
• The application can include four generations of a family: not only spouses, children, and parents but also great-grandparents.
⚠️ The Hungarian government will set a quota for the number of residency permits issued under this program, meaning spaces are limited. It is crucial to apply as soon as they start accepting applications on July 1, 2024. Now is the perfect time to prepare for investment and gather the necessary documents.
Investors can choose from one of three investment options:
• Invest €250,000 in a real estate investment fund registered with the Central Bank of Hungary.
• Invest €500,000 in residential real estate.
• Donate €1,000,000 to universities established by the government.
🏡 Residential real estate in Budapest for €500,000 typically means a 75 sqm apartment with 2-3 bedrooms in a central district. The property can be rented out with a yield of about 3% per annum.