Overview of Citizenship by Investment in Hungary

Hungary does not currently offer a direct citizenship-by-investment program like some other countries. Instead, it has a residency-by-investment program known as the Hungarian Golden Visa or Guest Investor Program (GIP). This program allows non-EU nationals to obtain long-term residency permits through significant investments in the country. After residing in Hungary for a certain period, individuals may become eligible to apply for citizenship, but this process is separate from the initial investment.

Hungarian Golden Visa Program

The Hungarian Golden Visa program was launched in 2024 and provides non-EU investors with a pathway to residency through qualified investments. The program offers three main investment options:

• €250,000: Investment in a Real Estate Investment Fund.
• €500,000: Direct acquisition of real estate.
• €1 million: Non-refundable donation to a public trust.
• Once an individual obtains a residence permit through one of these investment avenues, they can live, work, and study in Hungary and travel visa-free within the Schengen Area.

Residency Requirements and Pathway to Citizenship

To be eligible for citizenship after obtaining residency through the Golden Visa program, applicants must meet specific criteria:

1. Continuous Residency: Applicants must reside in Hungary for at least five years on a valid residence permit.
2. Language Proficiency: Knowledge of the Hungarian language is typically required for citizenship applications.
3. Clean Criminal Record: A clean criminal background is essential; thorough checks are conducted during the application process.
4. Integration into Society: Demonstrating integration into Hungarian society may also be necessary.

After fulfilling these requirements, individuals can apply for Hungarian citizenship. The process involves submitting an application to the relevant authorities and may take several months for approval.

Benefits of Obtaining Citizenship

Acquiring Hungarian citizenship offers numerous benefits:

1. EU Citizenship: As Hungary is part of the European Union, citizens enjoy all rights associated with EU membership, including freedom of movement across member states.
2. Access to Education and Healthcare: Citizens have access to high-quality education and healthcare systems within Hungary.
3. Business Opportunities: Citizenship opens up various business opportunities within Hungary and across Europe.

In summary, while there is no direct citizenship-by-investment program in Hungary, the Golden Visa program provides a viable pathway to residency that can eventually lead to citizenship after meeting specific requirements.