Residency in Hungaryfor an investor

After entry into the country. First the guest investor visa is arranged, the applicant enters Hungary and buys the fund units within the set period. That order differs from most programmes, where the investment is made before filing.

The units are redeemed after five years on the fund’s terms. This is not a deposit with a state guarantee: the result depends on the fund’s management, so we check the strategy, the fees and the exit arrangements before entry.

No. The programme sets no requirement as to length of stay and the status is not cancelled for absence. You need to come to enter on the guest visa and to give biometrics.

For ten years at once — the longest first term among the European investment programmes. After that the card is renewed for another ten years while the investment is kept.

A spouse by registered marriage, minor children and dependent parents. They all receive cards for the same term as the main applicant, and the size of the investment does not depend on the composition.

Yes. The status gives the right to work as an employee and to carry on business activity in Hungary without a separate permit. In other EU countries the card gives no right to work.

A residence permit in itself does not make you a tax resident. Residency arises on living in the country for more than 183 days a year or on moving the centre of your vital interests. On a move we work out the tax consequences in advance with a tax adviser.

Not automatically. The right to apply for naturalisation opens up after eight years of continuous residence, with an examination on constitutional matters in Hungarian. Without an actual move the status remains a residence permit.

4-6 months from filing to receiving the card with a complete set of documents. To that is added the time to arrange the guest visa and to enter the fund after arrival.