Under the Hungary Guest Investor program, a residence permit for guest investors may be granted to a third-country national whose entry and stay in Hungary is in national economic interest due to his/her investments realised in Hungary. Among the investments real estate investment funds approved by Immigration directorate directly qualify residence visa/permit. The Property buying route is prohibited.
Legal Basis
Acquisition of an investment fund share of at least EUR 250 000 issued by a real estate fund registered by the Hungarian National Bank, specified as a type of investment in Point a) of Section 16(3) of Act XC of 2023 on General Rules for the Admission and Right of Residence of Third-country Nationals (hereinafter referred to as Act XC of 2023), shall be realised, based on Point b) of Section 22(9) of Act XC of 2023, by purchasing an investment fund share issued by a real estate fund whose manager is listed in the register of qualified market operators under Act XXX of 2016 on Procurement for Defence and Security Purposes (hereinafter referred to as Act XXX of 2016).
Minimum Investment
- Acquisition of an investment fund share of at least EUR 250 000* issued by a real estate fund registered by the Hungarian National Bank must be held for 5 years
*Additional costs and expenses apply. Please contact us for breakdown of costs.
OIF Approved Funds
The OIF immigration directorate has approved two real estate investment funds under Guest investor program. The following real estate fund managers are on the list of qualified market operators based on preliminary qualification carried out under Act XXX of 2016:
- Sprint Fund (Sprint Asset Hungary)
- Granitas Fund
Residence Permit
The residence permit issued for 10 years and can be renewed for another 10 years under same condition. A proof that the applicant is the owner of a residential property suitable for habitation, or (s)he has legal title to use such a real estate:
The Immigration directorate will request a certificate from the real estate fund manager registered by the Hungarian National Bank or from the distributor of the investment fund share on the investment fund share of EUR 250 000 issued under the name of the third-country national;
Fund Conditions
Note that in this case you are required, for at least 5 years, to have an investment fund share issued by a real estate fund whose net asset value comprises minimum 40% of investments in residential real estate in Hungary and its real estate fund manager is listed in the register of qualified market operators under Act XXX of 2016 on Procurement for Defence and Security Purposes.
Only those fund managers shall act who qualify as an alternative investment fund manager (hereinafter referred to as AIFM) under Act XVI of 2014 on Collective Investment Trusts and Their Managers, and on the Amendment of Financial Regulations (hereinafter referred to as CITA), and who is authorised to manage alternative investment funds (hereinafter referred to as AIF) in which the value of assets under management
- Exceeds a threshold of EUR 100 million in total (including assets created through leverage), or
- Exceeds a threshold of EUR 500 million in total, where the portfolio of AIF comprises of AIFs which are not financed through leverage and in whose cases no redemption rights shall be exercised within 5 years from the date of the original investment into the various AIFs.
Apart from the above mentioned, also fund managers shall act who, qualifying as an investment fund manager under CITA, manages a real estate fund in which the value of assets under management exceeds a threshold of EUR 600 million in total.
