Hungarian immigration policy has once again ushered in a major reform!
The Hungarian parliament supports the "Golden Visa" program for guest investors in real estate!
New Deal for Investment Immigration
In fact, as early as November, Reuters reported that the Hungarian government will reintroduce the "golden visa" procedure, and on December 12, the draft immigration law submitted by the government to parliament was officially adopted with 141 votes in favor and 49 votes against!
After this amendment, the bill on the "Visitor Investors" section will come into effect on January 1, 2024, but the official opening of applications will be suspended in March 2024 from January 1, 2024 to February 29, 2024.
There are currently 3 types of investment:
Invest at least €250,000 in a real estate fund, 40% of which is in Hungarian residential real estate, the fund must be an investment unit issued by a real estate fund registered with the National Bank of Hungary;
Investment in the acquisition of residential property with a value of at least €500,000, free of lawsuits, encumbrances and claims in the land register, without liability or encumbrances, with a value equal to or greater than €500,000, located in Hungary and registered in the land register by land registry number in the land register.
Donate at least €1 million to higher education institutions maintained by charitable trusts with a public service mission to support educational, scientific research or artistic creation activities.
After approval, the applicant and relatives can obtain a one-time Hungarian permanent residence status for 10 years.
Immigration policy has been significantly tightened
According to the new law, the direction of Hungarian investment immigration has been significantly tightened.
Since 2013~2017, Hungary's national debt immigration has experienced an era of 250,000 euros and 300,000 euros, and the quota has been quickly sold out!
In just 4 years, the complete cycle of an immigration program has been completed, and many people were rejected in hesitation!
Statistics show that from 2013 to 2017, the Hungarian authorities received a total of 6,621 residence applications from investors. Of these, 4,794 applicants benefited from the program, which resulted in residency in the country.
Later, Hungary abolished the Golden Visa program in 2017 due to reports of corruption and other irregularities.
Now that the new policy has been promulgated, although there is still an option of 250,000 euros in the minimum investment, on the whole, Hungary's immigration policy has shown signs of tightening!
But even if the policy is tightened, Yiju Global predicts that there will still be no fewer people immigrating to Hungary, and after the new policy is released, Hungary is expected to become the next immigration boom country!
Why?
What is attractive about Hungary?
When it comes to European immigration, many people subconsciously feel that Hungary's aura is not as big as that of Greece, Portugal and Spain, but as the heart of Europe, it is low-key and charming.
Almost everyone who has been to Hungary agrees that it is a very good country for immigrants to live.
Hungary is a member of the European Union + Schengen Area + OECD, and holders of the Hungarian permanent residence card can travel freely within Europe without additional visas and restrictions, which facilitates travel to other European countries to seek greater development opportunities.
As a European country, Hungary also has a sound social security system, and social welfare spending accounts for 1/4 of GDP. Whether it's health care, pensions, unemployment benefits or social assistance, Hungary has a well-established system to protect people's rights.
For immigrants who need to educate their children, as long as they obtain a Hungarian residence card, their children can enjoy up to 19 years of free public education, including 3 years of early childhood education, 8 years of primary school, 4 years of secondary school, and 4 years of university.
Not only that, the cost of living in Hungary is not high, compared to the rest of Europe, the price of cabbage in Hungary is simply the price of cabbage, and the consumption level is similar to that of the second and third tier cities in China, so it can be said that you can enjoy a high-quality European life with the least price.
Hungary Chinese maintains friendly relations with China, has a mature Chinese community, does not have to worry about language barriers, and Chinese residents are more likely to integrate into the local society and enjoy high-quality support and services.
Are you really not impressed by such a country with perfect welfare, high-quality education, good development and friendly to the Chinese?
At present, there are no requirements for immigrating to Hungary such as language, education, source of funds, business, etc., as long as the investment is completed, you can get a 10-year long-term residence card at one time, and the application is approved quickly, and the cost performance is very high!
As mentioned above, Hungarian immigration changes frequently, and the threshold generally only rises but does not fall, so interested friends suggest that you act as soon as possible, and don't always miss the great opportunity for low-cost immigration!