Hungary’s New Golden Visa (HINT: The Cheapest One)

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Are you moving to Hungary? Learn about the new Hungarian Golden Visa residency program, its requirements, and benefits. Discover how this program compares to existing options and what it means for you and your family.
00:00 What is the new Hungarian Golden Visa?
0:42 The Three Options to Get the Hungarian Golden Visa
2:50 Hungarian Golden Visa Compared to Others
3:04 Why it's Considered a Permanent Residence
3:24 Final Steps To Acquire The Hungarian Golden Visa
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[@NomadCapitalistRD]

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[@Aidan_Au]

Welcome Isabela! Thank you for making this video with the R&D team. This is such a great news! I'm excited to work even harder. Today is a good day with 2 videos in both channels!

[@NomadCapitalistRD]

Thank you for watching!

[@majortom8047]

Good information. Well presented, too. Thanks.

[@NomadCapitalistRD]

Glad you enjoyed it!

[@rahul.83]

This gives you a 10 years residence permit, extendable by another 10 years. So total 20 years. Why did you call it better than Portugal, Spain and Italy Golden visas, when they give a PR for life, for roughly the same amount of investments ? Genuine question !

[@NomadCapitalistRD]

The comparison between Portugal, Hungary, and Spain is obvious; Hungary does not require a minimum stay. Therefore, it is ideal for high-net-worth individuals who are clients of Nomad Capitalist. Portugal requires a minimum stay period to maintain residence, and its Golden Visa programs typically mandate some level of presence for visa renewal. Similarly, Spain has minimum stay requirements for residence maintenance and progression to citizenship. In contrast, Hungary does not have a minimum stay requirement, making it an attractive option for high-net-worth individuals. This flexibility, especially through the investor visa (Golden Visa) and other immigration routes, allows a more nomadic lifestyle without the need for prolonged stays, which is particularly advantageous for Nomad Capitalist clients who seek global mobility.

[@rahul.83]

@@NomadCapitalistRD I see. Thanks for the reply!

[@userea]

How can we know more about qualifiying REITs?

[@ausPPC]

It seems like the option they want people to choose is the real estate fund. Who's running that / those? What's their connection with Hungarian immigration? How much of any given €250k goes into an actual competently evaluated land purchase and how much just 'disappears' into well-connected pockets?

[@NomadCapitalistRD]

As mentioned in the video, this is a new program, and the guidelines for managing the funds and the list of responsible entities have not yet been released. The government has projected that the list will be available in July. Therefore, while real estate is an option, specific details on management and oversight are still forthcoming.

[@micco6020]

Question. If someone gets a residency visa to an EU country, can they live in any EU country? If someone has a Hungarian residency visa, can they live in Turkey or France?

[@RomilCPatel]

Turkey isn’t part of the EU. But regardless the answer to your question is no. The residence permit will only allow you to visit other Schengen counties for 90 days at a time.

[@NomadCapitalistRD]

Turkey, as of now, is not an E-U Member State. Regarding your overall inquiry, holding a residence permit in one E-U country gives you greater travel freedom within an E-U territory. Still, unlike an E-U citizen, you can only live in the country that issued you the permit.

[@Aidan_Au]

@@NomadCapitalistRD Thank you R&D team very much! I actually have the same question. It would be very useful if you can do a "most common misconception" video for questions like this one

[@johenderson7786]

Question: I believe spouse and children are included...will parents also be accepted in this visa?

[@harryharry9602]

What are the requirements for this to turn into citizenship?

[@NomadCapitalistRD]

To apply for naturalisation, you must have 8 years of permanent residence. This residence period is based on legal residence, which involves registration at the city hall or in a population registry, with the address verified in the national registry. Necessary documents include proof of permanent residence and proof of livelihood. Proof of livelihood can be demonstrated by having resided in Hungary for the past 8 years, owning a business, having a Hungarian spouse, having strong social ties to Hungary, possessing savings, or receiving a salary in Hungary. Additionally, passing an exam about the Hungarian Constitution in Hungarian, requiring B2 level proficiency is mandatory.

[@GodDieux]

Cutie pie 🥰