Executive Summary
Hungary’s Golden Visa program, relaunched on July 1, 2024, offers non-EU investors a streamlined path to European residency through a €250,000 investment in government-approved real estate funds. This investment grants a 10-year renewable residence permit with no mandatory physical stay requirements and allows inclusion of family members under the same application. As of early 2025, two funds have received official approval:
- Sprint Asset Management’s Real Estate Fund
- Gránit Asset Management’s Gravitas Hungary Real Estate Fund
This guide provides detailed insights into the investment process, fund options, and the benefits of Hungary’s Golden Visa program.
What Is Hungary’s Golden Visa Real Estate Fund?
Under Hungary’s Golden Visa program, non-EU investors can obtain residency by investing in real estate funds that are:
- Approved by the Hungarian National Bank (MNB)
- Allocate at least 40% of their assets to Hungarian residential real estate
This approach allows investors to gain exposure to Hungary’s real estate market without the complexities of direct property ownership.
Investment Requirements & Process
Required Investment Amount:
€250,000 in bonds issued by an approved real estate fund
Holding Period:
Investment must be maintained for a minimum of 5 years
Investment Timing:
Funds are to be transferred only after receiving conditional approval for the residence permit, minimizing investment risk
Golden Visa Residency Permit Details
- Initial Validity: 10 years
- Renewal: Eligible for one additional 10-year term
- Physical Stay Requirement: None
- Schengen Area Access: Visa-free travel within the Schengen Zone
Who Can You Include in the Application?
The program permits inclusion of the following family members without additional investment:
- Spouse
- Children under 18
- Dependant parent (must demonstrate financial dependence)
Each dependent must provide appropriate documentation proving relationship and dependency.
Approved Funds Under Hungary’s Golden Visa Program
1. Sprint Asset Management’s Real Estate Fund
Sprint Asset Management was the first fund to receive approval under the new Golden Visa regulations. The fund focuses on Hungarian residential real estate projects, adhering to the requirement of allocating at least 40% of its assets to this sector.
2. Gránit Asset Management’s Gravitas Hungary Real Estate Fund
In January 2025, Gránit Asset Management received approval for its Gravitas Hungary Real Estate Fund. This fund aims to invest primarily in new, modern residential properties for long-term rental, contributing to sustainable urban development, particularly in Budapest. Gránit Asset Management has over 16 years of experience and manages assets exceeding €2.6 billion, with nearly €1 billion in real estate investment funds.
Benefits of Hungary’s Golden Visa Real Estate Fund Option
- Lower Investment Threshold: At €250,000, it is more accessible compared to other European programs.
- No Physical Stay Requirement: Flexibility to maintain residency without mandatory relocation.
- Family Inclusion: Ability to include spouse, minor children, and dependent parents without additional investment.
- Schengen Access: Facilitates visa-free travel within the Schengen Zone.
- Path to Permanent Residency and Citizenship: Eligibility for permanent residency after 3 years and citizenship after 8 years, subject to meeting residency and language requirements.
FAQs
Can I apply without visiting Hungary?
Yes, the application process can be completed through Hungarian consulates and authorized legal representatives without the need for an initial visit.
Is there a path to citizenship?
Yes, after 8 years of continuous residency and passing a Hungarian language exam, investors may apply for citizenship.
Do I earn income from the investment?
Potential returns depend on the fund’s performance. For instance, the Gravitas Hungary Real Estate Fund focuses on long-term rental properties, aiming to provide stable returns. However, income is not guaranteed and varies by fund.
Can I switch between investment options after applying?
No, applicants must choose their preferred investment route at the outset. Switching between the fund investment and other options is not permitted after application submission.
Final Thoughts: Is Hungary’s Golden Visa Right for You?
Hungary’s Golden Visa program offers a compelling opportunity for non-EU investors seeking European residency through a manageable investment in real estate funds. With the recent approval of funds like Sprint Asset Management’s Real Estate Fund and Gránit Asset Management’s Gravitas Hungary Real Estate Fund, investors have credible options to consider. The program’s low investment threshold, flexible residency requirements, and family-friendly policies make it an attractive choice for those looking to establish a foothold in Europe.
For personalized guidance and assistance with the application process, consider consulting with immigration experts familiar with Hungary’s Golden Visa program to ensure a smooth and successful experience.
