Hungarian Residency for Guest Investors

Hungarian Residency for Guest Investors
Investments that meet national economic interest:
• Purchase of an investment fund registered with the Hungarian National Bank for a minimum of €250,000.
• A financial donation of at least €1,000,000 to support educational, scientific, or artistic projects at a Hungarian university managed by a public foundation.

Who is considered a third-country national?
Third-country nationals are individuals who:
• Are not Hungarian citizens and do not have the right to free movement and residence in the EU.
• Are not citizens of the European Economic Area (EEA).
• Are not family members of an EEA citizen.
• Are stateless persons.

How to apply for a residence permit?
1. Submitting a residence permit application
The application can only be submitted in Hungary.
Conditions for applying:
• You must be in Hungary with a guest investor visa or under a visa-free regime if your country allows it.
• If you already have a Hungarian residence permit but require a visa for entry, you must first obtain a guest investor visa.
• Application deadline: within 30 days of the first legal entry into Hungary.
You can submit your application:
• In person at the Hungarian Consulate in your country of residence.

2. Residence permit renewal
• Renewal is only possible in Hungary.
• The application must be submitted at least 30 days before the current residence permit expires.
• Renewal is possible if you hold a valid guest investor residence permit at the time of application.

Documents required for application
1. Proof of investment
• For investment fund purchase:
o Certificate from the fund management company registered with the Hungarian National Bank.
o Document proving that the investment is held in a blocked account for at least 5 years.
• For financial donation:
o Certificate from the university confirming the receipt of €1,000,000 for educational or scientific purposes.
2. Proof of residence in Hungary
• Rental agreement.
• Property ownership document.
• Proof of housing reservation and payment.
3. Proof of ability to leave the country
• Valid passport.
4. Photograph
• One photograph is required.

Application processing time
• 21 days.
• If additional documents are requested, the processing time may be extended.

Receiving the residence permit
• The residence permit document will be sent by mail to the specified residential address.
• Personal collection is only possible with a valid reason.

Validity period of the residence permit
• The initial residence permit is issued for 10 years.
• It can be extended for another 10 years.

Family reunification
• Family members (spouse, minor children) can apply for a residence permit for family reunification.
• Applications for family members can be submitted simultaneously with the main applicant's application or after obtaining the investor’s residence permit.
• The family residence permit will be issued for the duration of the main investor’s residence permit.
• Holders of a family reunification residence permit have the right to work in Hungary without additional permits.

Additional information
1. Investor obligations
If investment conditions change, the competent authority must be notified within 5 days.
2. Work and business opportunities
• The residence permit allows working as a self-employed professional or holding a managerial position.
• Employment under a labor contract is also permitted.
How We Can Assist You and Your Clients:
• Preparation of a document package for residence permit application;
• Company registration in Hungary (legal entity);
• Entrepreneur registration (self-employed);
• Rental of a legal address;
• Correspondent agent services;
• Bank account opening;
• Accounting support;
• Tax reporting in compliance with Hungarian legislation;
• Tax consultation and cost optimization;
• Preparation of documents confirming commercial activity;
• Obtaining a Hungarian (EU) driver’s license based on a foreign one – processing time up to 2 weeks.
• Obtaining tax identification numbers;
• Official translations and document notarization;
• Hungarian health insurance arrangements;
• Real estate transactions (purchase, sale, rental, leasing);
• Assistance in opening an electronic account for working with Hungarian state authorities;
• Obtaining a criminal record certificate in Hungary.
• Corporate insurance
• Car insurance (OSAGO / CASCO)
• Health insurance