Seven days later, on July 1, the former dark horse of European immigrants - Hungarian investment immigrants will officially return!
About Hungarian immigration
In 2013~2017, the Hungarian national debt immigration project was highly sought after by the Chinese people, and although it experienced the "pain" of rising from 250,000 euros to 300,000 euros, the quota was still sold out quickly. In just 4 years, the complete cycle of an immigration project has been completed. Many people who hesitated back then were forcibly blocked out of the door.
According to the new law officially announced by the Hungarian government, the minimum investment amount for the resumption of Hungarian investment immigration starts from 250,000 euros, and there are three investment methods:
€250,000 real estate fund
Invest at least €250,000 in a real estate fund. These funds must be investment units issued by real estate funds registered with the National Bank of Hungary and are required to be held for 5 years.
€500,000 to buy a house
Invest at least €500,000 in a residential property in Hungary and register it in the land register. The dwelling may not be sold or mortgaged for a period of 5 years from the date of signing the contract.
€1,000,000 donation
Donate at least €1 million to a higher education institution maintained by a charitable trust with a public service mission to support educational, scientific research or artistic creation activities.
After the approval of any of the above types of investment, the applicant and his relatives can obtain a 10-year long-term residence in Hungary at one time, and there is no immigration supervision requirement, and they can work and do business.
However, just before July 1, the Hungarian parliament amended the relevant law, which made another change in Hungarian investment immigration.
Change 1: The validity period of the "Visitor Investor Visa" obtained before applying for the "Visitor Investor Residence Permit" has been shortened from the original maximum validity period of 2 years to 6 months.
This change is intended to incentivize investors to act quickly and prevent a situation where long-term tie-up of visa resources does not yield the expected economic benefits. For investors, this means that the time to prepare funds and complete the investment is further reduced, and they need to plan the timing of each stage of the investment and immigration application more precisely.
Change 2: The Hungarian home purchase immigration program will be postponed to January 1, 2025, while the €250,000 real estate fund project will be launched as scheduled on July 1, 2024.
The specific reason for the postponement is not clear, perhaps because the relevant rules have not yet been perfected and more time is needed; It could also be influenced by pressure from the European Union.
In fact, the European Union, which has been committed to maintaining policy consistency and market unity among member states, has earlier clarified the time expectation for the closure of the golden visa policy in 2025. In the past two years, many European countries have successively shut down or raised the application threshold for golden visas under the baton of the European Union, which has rapidly reduced the channel for immigration to Europe.
Soon, another country is going to do something about golden visas.
Greece
From September 1st, the purchase of a house can be a Greek golden visa for three generations of the whole family to get permanent residence in Europe, and the investment amount will increase significantly! In the popular area represented by Athens, the investment threshold will soar from the current minimum of 250,000 euros to 800,000 euros, a threefold increase!
Since 2013, when Greece implemented its immigration policy for home purchases, it has been favored by investors. The advantages of high cost performance, fast processing speed, and no immigration supervision have captured a large number of Chinese investors. As of December 31, 2023, the number of Chinese applicants for Greece's "golden visa" accounted for more than 60%, ranking first.
Fortunately, there is still a chance to catch the last train of the old Greek deal of 250,000 euros. As long as you pay 10% of the house payment and sign the reservation contract before August 31 to complete the filing, you can apply for a golden visa with a minimum investment of 250,000 euros according to the old policy.
❕❕❕ If you miss this time, there will be no more such cost-effective immigration options in Europe.