How to obtain Hungary Citizenship by Naturalisation after Golden Visa Investment

Many people do not care where to move to, as long as it is the European Union. Therefore, potential investors often use countries with the most advantageous programs and decent standard of living. This may be the reason why the Hungarian golden visa to citizenship has become so popular, having only just been announced. Its launch is scheduled for 2024. However, interest in the program is already high. To obtain the coveted status after participating in it, you need to fulfill certain conditions and have a considerable amount of money. But the benefits that you will receive will please and even surprise you. The material in this article will be interesting to those who are attracted to this European country and have a desire to move to a more prosperous region.

Overview of Hungary Golden Visa Program

The applicant and his family can get a permanent residence permit after a five-year stay on the territory of the country. The process is simple, but it is better to seek legal support from a specialized agency to ensure that everything goes smoothly.

If we describe the algorithm of the whole procedure of Hungary Golden Visa program, we can highlight the following key stages:

  • preparation of the application and package of documents according to the country's requirements;
  • approval of the local authorities to obtain a visa (up to 90 days);
  • confirmation of the amount of money required for the investment.

In case of a favorable outcome, the applicant receives permission for residence in the country for at least 10 years.

As for the assets of potential investors, since 2024 they should have:

  • 250 thousand euros: to invest in a local fund;
  • half a million euros: to buy real estate;
  • 1 million euros: a non-refundable contribution to a state fund.

Of course, it is not all the money you need to prepare. There are additional expenses for legal costs: application fees, data processing and information verification fees, and so on. Pay attention that each family member will also require additional investments. The final cost will be announced after reviewing the application and determining the investment path.

Pathway from Golden Visa to Citizenship by Naturalisation

You cannot get a local passport by making a financial investment alone. No matter how much money you have, the law is strict. However, with the help of the program for issuing investment residence permit (golden visa), you can become a holder of residence permit for 10 years, after 3 years get a permanent residence permit, and after another 5 years - official lifetime Hungary citizenship by naturalisation. Temporary residence permit is issued based on contract work, entrepreneurship, self-employment, and scientific activity. However, you will have to prove that you have the means to live in Hungary and indicate the address of permanent registration, live in the country for at least six months without going anywhere, as well as pass an exam and take an oath. To learn all the nuances and subtleties of the process, it is recommended to visit the official website of the Hungarian authorities and familiarize yourself with all the information in detail.

Requirements for Naturalisation in Hungary

Any adult citizen from a non-EU country with no criminal record or sanctions can apply for Hungary citizenship by naturalisation after 8 years of continuous residence in the country. It can include the applicant's spouse, minor children and parents.

Those who have been married to a Hungarian for at least three years or have children under the age of 18 can also obtain the coveted status after a certain period of residence in the territory of the state. Similar rules apply to those who have refugee status.

Thus, you have many different possibilities, but it is better to consult specialists about all of this. According to expert Zlata Erlach (Immigrant Invest company), only a competent migration agent will help you choose the best way and achieve a positive result faster.

Timeframe and Residency Requirements for Citizenship

The program does not provide an accelerated path to citizenship for international investors. Therefore, you will have to follow the usual procedure, carefully following all the requirements. The terms of consideration of the application and obtaining the coveted status is approximately 2–3 years. You need to live in the country for 8 years on a permanent basis and confirm your residence address.

Benefits of Hungarian Citizenship for a foreign investor

Before initiating such a lengthy and financially costly project, it is important to understand what benefits it will bring. Benefits are quite numerous, in particular, these include:

  • entry to any Schengen member state without an additional visa and permission to stay there for up to 90 days;
  • the opportunity to live, work and study freely in any EU member state;
  • reunification with your spouse and minor children.

At the same time, you can travel in and out of the country whenever you want and for any period of time you want.

The Bottom Line

If moving to the EU appeals to you, you can take advantage of the Hungary golden visa program, which becomes available to investors in 2024. However, it will be difficult to understand all its intricacies on your own. Therefore, it is recommended to contact specialists right away. Agents on migration issues will provide consultations and help you quickly and efficiently draw up all documents. They also provide legal support at all stages of the procedure until a positive result is obtained. More detailed information on this issue is available at immigrantinvest.com. Contact the specialists and let your goal move to the EU country with your family become a reality.