Hungary
Residence Permit Services
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Visa-free travel to the EU Schengen Zone
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The EU Residence permit in about 90 days
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Investment starts from EUR 155,000
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No Residency requirement
MARTIM is delighted to introduce its latest offering, the Hungarian Residency by Investment program. This unique opportunity allows individuals to secure a temporary European residence permit by making a minimum investment of €155,000 in a completed residential property. Here's a detailed overview of this exclusive service:
Investment and Application Fees:
To participate in this program, an eligible property, free of existing tenants, must be purchased to accommodate the principal applicant and their family. The investment also requires covering application fees:
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Investment Amount: €155,000 in a completed residential property.
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Application Fees:
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€15,800 for the principal applicant, spouse, and children.
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€6,500 for each family member above 18, including parents/grandparents.
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Key Requirements:
Before embarking on this exciting journey, it's crucial to understand the specific criteria that applicants must meet:
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Due Diligence and Background Checks: Applicants must pass due diligence and background verification checks at all stages of the process.
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Financial Means: Demonstrate a minimum of €27,000 for the principal applicant and €16,000 for dependents, disclosing the source of wealth.
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Property Purchase: Obtain approval to purchase a residential property valued at a minimum of €155,000 in Budapest, meeting specific requirements such as completion, residential use, and a minimum living area of 6 sq.m. per person.
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Funds Verification: Demonstrate the necessary funds to purchase residential property in Hungary.
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Timely Completion: Complete the property purchase within 90 days of receiving the Hungarian ID card.
Nationality and Additional Criteria:
Hungary does not restrict any nationality from applying. However, document requirements may vary based on the applicant's country of origin. Applicants must be at least 18 years old, and there are no specific requirements for work experience or education.
Document Requirements:
The application process involves a KYC (Know Your Customer) procedure, verifying the legitimacy of investment funds. Due diligence checks and background verifications will also be conducted.
Dependent Applicants:
Understanding who qualifies as a dependent is crucial when applying for a residence permit. Dependents may include a spouse, minor or incapable children, dependent adult children, and dependent parents.
Fees and Costs:
In addition to the investment amount, applicants should be aware of consultancy and administrative fees. Legal fees, property-related charges, translation costs, and travel expenses are not covered and must be paid separately.
Maintenance of Investment:
The investment is typically paid in two parts, with the property bought within 90 days of receiving the residence permit. There is no mandatory holding period, and no interest is accrued on the investment.
Renewal and Citizenship:
The residence permit is valid for five years for the principal applicant and three years for dependents. Renewal requires providing a recent bank statement and the title deed for the property. Currently, residence permit holders cannot obtain Hungarian citizenship through this program.
Taxes, Education, and Healthcare:
Residents should be aware of taxation related to the residence permit. Hungary offers a diverse education system, and public school education is generally free.
Conclusion:
Applying for a Hungarian residence permit through MARTIM's services opens doors to new possibilities in this stunning European country. Our High Net Worth Immigration team is ready to guide you through the process. For more information, feel free to contact us.
Unlock your potential with MARTIM - Your Gateway to Hungary!