2023-11-17
936 views
Hungary to restart a program of Golden Visa
Hungary intends to launch Golden Visa Program for people investing into real estate.
Get a residence permit in Hungary
Discover travel and business opportunities in over 180 countries
from € 250,000
amount of investment
up to 2 months
deadlines for registration
38
countries without visa
Hungary
Hungary is situated in the heart of Europe and is a very colorful and dynamic country with favorable climate conditions. It possesses unique history, national traditions and rich cultural experience. Thus, Magyar culture and gastronomy with a distinct European and Turkish influence can be named among the peculiarities of Hungary.
Furthermore, the Schengen zone, which opens its borders to a wide range of European countries, adds more charm to this place. This will definitely help you to enlarge and widen the geography of areas for your business, study, and residence.
Hungary has a strong economy and stable political system, so it attracts investors from all over the world. It is also a member of the European Union and part of the Schengen zone, which helped to guarantee and foster stability, prosperity.
Hungary has a transitional economy, with a well-developed service sector, export-oriented industry and highly developed agriculture. In 2023, the Hungarian economy continued to stagnate, supporting the general trend of the EU countries. Despite this, the Hungarian forint strengthened in 2023 against the dollar and the euro. The real estate market is developing dynamically, the government is taking measures to develop an affordable housing program for Hungarians, reducing mortgage rates and developing targeted programs, hoping thereby to stimulate new construction. Long-term and short-term rentals are in high demand due to the tourist influx, as well as the problem of buying the finished housing for Hungarians. Real estate in Hungary is rather affordable. Businessmen make investments confidently with the expectation of a reasonable return on it.
Capital
Budapest
Population
9 678 000 people
Official language
Hungarian
Currency
Forint
Benefits of residence permit in Hungary
1.
Bank accounts
Access to EU bank accounts
2.
Business
Opening and managing business in the EU
3.
Access to education
Access to Hungarian education (as traditionally it’s free)
4.
Medical health care
Access to EU medical health care
5.
Free travel
Opportunity to live and free travel around the European Union
Contact us today
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
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Visa-free countries
38 countries are available with a residence permit of Hungary
Andorra
visa-free
Austria
visa-free
Belgium
visa-free
Bulgaria
visa-free
Cyprus
visa-free
Czech Republic
visa-free
Denmark
visa-free
Estonia
visa-free
Finland
visa-free
France
visa-free
Georgia
visa-free
Germany
visa-free
Greece
visa-free
Iceland
visa-free
Ireland
visa-free
Italy
visa-free
Latvia
visa-free
Liechtenstein
visa-free
Lithuania
visa-free
Luxembourg
visa-free
Malta
visa-free
Monaco
visa-free
Montenegro
visa-free
Netherlands
visa-free
Poland
visa-free
Portugal
visa-free
Romania
visa-free
San Marino
visa-free
Serbia
visa-free
Slovakia
visa-free
Slovenia
visa-free
Spain
visa-free
Sweden
visa-free
Switzerland
visa-free
Turkey
visa-free
Vatican City
visa-free
Tax regime
Hungary has a personal income tax rate of 15%.
Corporate tax amounts to 9%.
Real estate purchase tax is from 2% to 4%.
VAT in Hungary amounts to 27%. Reduced rates of 18% and 5% apply to certain categories of goods and
services including real estate VAT.
There is no separate capital gains, wealth tax in Hungary. Income from capital gains is included in the total tax base. An exemption applies to certain types of income.
Tax on dividends constitutes to 15%.
Inheritance and gift tax rate is 18%, and a preferential 9% tax rate applies to residential property. No inheritance tax for direct heirs and spouses.
Property tax depends on the area, on an annual basis this tax is insignificant and varies from HUF 20 thousand to HUF 200 thousand.
Don’t just guess. Get the best advice from one of our experts
Whether you need tax advice to prepare for a move abroad, to buy property or even retire, One World Migration can help. Consults upfront can help avoid costly mistakes and stress later.
Meet our expert
Read our articles about the taxes in Hungary
2023-11-23
930 views
Interview with the representative of the Hungarian direction of One World Migration
Today, a representative of the Hungarian office of One World Migration talked on the changes in the regulation for issuing residency, about the reasons for the changes as well as its effects on the flow of applications.
Business set up
The peculiarity is that the registration of the company must be done through a Hungarian lawyer authorized by the state. There are many possible options for business entities in Hungary:
- Limited liability company
- Joint stock company
- Branch office
- Representative office
- Trust
- Foundation
Business set up for getting a residency ID card process:
- Company incorporation and registering the company. Business setup (incorporation, registration, video identification, couriering and signing of original documents, preparation of business plan, etc.) Timeline about 3 weeks.
- Setting of the managing director until the approval of the application, registering the seat for 6-months, insurance, obtaining the address for the applicant.
- Preparation of business plan. Personal business plan or implementation of a franchise. Choosing the franchise model upon necessity.
- Opening a bank account. According to Hungarian law every juridical entity shall open a bank account in a Hungarian bank.
Get residence permit in Hungary by investments in real estate
How to obtain a residence permit in Hungary
Purchase of investment units
from €250,000
Purchase of investment units that are issued by a real estate fund registered with the National Bank of Hungary (5-year retention)
Real estate in Hungary
from €500,000
Purchasing of residential property, that is free from litigation, encumbrances and claims, residential property located in a geographical area of Hungary and registered in the Hungarian Land Register (retention for 5 years)
Business in Hungary
from €20,000
Setting up the company
Donation to an institution
from €1,000,000
Making a monetary donation to an institution of higher education supported by a public interest trust to encourage educational, scientific research or artistic creation.
Post-immigration services
Apart from company registration, opening a bank account for an individual,opening a bank account for a company, there are other post-immigration services available, as following:
Real estate services
Exclusive real estate services
ID renewal
ID renewal (through the consulate or through the country)
Banking assistance
Banking assistance (local and offshore accounts)
Tax ID
Tax Identification Number
Driving license
Getting a driver's license
Police reports
Police reports for approved clients
SIM card
Local SIM card
Requirements for applicants
Eligible to apply 
Spouse, children, dependent parents (in some cases are possible)
Possible reasons for refusal
Required documents
Consulting Agreement conclusion
Paying the first installment of the service fee, choosing the entity’s name and type of activities.
Our successful cases
Testimonials from satisfied clients
I thank One World Migration for the opportunity to move to Turkey with their help. I looked to relocate my company to be closer to my European partners and suppliers from the Middle East.
BONGANI DLAMINI
I first came to Portugal as a tourist 3 years ago. Having assessed the situation and got acquainted with this country, I decided that I wanted to stay here to live. Thanks to the efforts of One World Migration, this became possible.
LANING SUN
The decisive factor for me in my decision to obtain Grenadian citizenship was the possibility of a visa-free visit to Europe, where my husband and I love to come both on business trips and on vacation. Thank you One World Migration!
SUNITA SINGH
I have to thank One World Migration and their customer mindset for obtaining Grenadian citizenship. We were able to prepare all the necessary documents in the shortest possible time and without unnecessary worries and they accompanied us throughout the entire process.
YULIA PAVLOVA
Frequently Asked Questions
About obtaining citizenship of Antigua and Barbuda
-
How can I choose and manage real estate?We provide the full service concerning the purchase and management of the real estate.
+
Is it required to visit the country or embassies?+
Which family members are eligible to apply?+
What is the processing time of the program as for main applicant and for family members?+
What are possible extra expenses?+
Is it obligatory to submit language test, pass interview, visit the country or embassies?+
Possible reasons for refusal?+
What other expenses may be?
We will help you obtain a second citizenship
We are developing conceptual solutions to remove visa restrictions, create an alternate airfield, optimize taxes in a foreign jurisdiction, and also entail the immigration process.
Get a free consultation
Choose the option that suits you
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