Faq

What are the consequences if the investor does not carry out the planned investment within the requested time?

Although the investor visa is valid for a maximum of 6 months, you must report the completion of the investment (with supporting documents) to the competent authority no later than 3 months after your first entry into Hungary, and in 3 months after you received your visa. If this is not done on time, your visa will expire.

How long can/must I hold my money in the real estate fund?

The law stipulates that you must hold your investment for at least 5 years. At Biggeorge Fund Management Plc. there is a 3-months window in every 5 years to redeem fund investments. For more information, please click here.

Even if you sell your investment, your residence permit remains valid for 10 years. In order to obtain an extension for a further 10 years, you must again have an investment in accordance with the law.

How much time do I (and my family) have to spend in Hungary (minimum/maximum)?

There is no minimum period of residence in Hungary for holders of a guest investor residence permit. You do not have to use your residence permit and there is no risk that it will expire as a result. You do have the right, however, to move to Hungary (with all qualifying family members involved in the process), and spend an unlimited amount of time here.

Which family members are covered by the guest investor visa and residence permit?
  • the person holding the permit
  • the spouse
  • common and not common minor children (including adopted and foster children) minor children over whom they have parental authority
  • holders of a residence permit and the spouse's dependent parents
  • the brother or sister of the permit holder and of the spouse, and their direct relatives, if they are unable to care for themselves because of ill health.
Is a background check required?

Yes, a clean criminal record is required for the application process.

Can I work in Hungary with the Golden Visa?

Yes, the Golden Visa allows you to live and work in Hungary.

Is knowledge of Hungarian necessary?

No, you do not need to speak Hungarian to apply for a Golden Visa.

Can the investment be financed with a loan?

Yes, but the loan shall comply as a legally obtained personal fund.

Can I use the Golden Visa to travel to the Schengen Area?

Yes, the Golden Visa allows visa-free travel within the Schengen Area for short stays.

Do I need to visit Hungary before applying?

No, it is not needed to visit Hungary before applying.

How can I prove the legal origin of my funds?

You must provide bank statements, financial records and documentation demonstrating the lawful origin of your investment funds. For more information click here.

Are there educational benefits for my children?

Yes, children of Golden Visa holders can enroll in Hungarian elementary and high schools, and universities.

Are there any obligations to integrate into Hungarian society?

There are no formal obligations to integrate, but engaging with local culture and community can enhance your experience.

Can Golden Visa holders start their own business in Hungary?

Yes, Golden Visa holders can start and operate their own businesses in Hungary.

What are the main reasons for application denial?

Common reasons include incomplete documentation, failure to meet investment criteria, or issues with background checks.

Are there any educational requirements for Golden Visa applicants?

No specific educational requirements exist for Golden Visa applicants.

Are there any digital nomad options under the Golden Visa?

The Golden Visa is not specifically designed for digital nomads, but residency allows remote work or operating a business in Hungary.

What if I lose my Golden Visa residence card?

You should report the loss to Hungarian authorities, and apply for a replacement card.

Can I own a vehicle in Hungary with the Golden Visa?

Yes, Golden Visa holders can own and register vehicles in Hungary.