Respect Services

+971 4 338 3783 | Get Free Consultation
Respect Services Logo

Hungary Residency Program by Real Estate Investment

Hungary: The Hidden Jewel of the Central Europe

Hungary is a European country also known as (Magyar Orszag), and its capital is Budapest city. It is a country rich in diverse cultures, arts, literature, music, different foods, in addition to multiple types of medical care, and is one of the thirty most visited destinations around the world, due to its strategic location in Central Europe, bordered by Slovakia, Ukraine, Romania, Croatia, Serbia, Slovenia and Austria.

 

Country Overview:

  • Area: 93,028 sq. km.
  • Population in 2023: 9,699,577.
  • Official language: Hungarian. English is widely used in business and government contexts.
  • Currency: Hungarian Forint (HUF) and Euro.
  • Hungary is a member of the Schengen Zone, European Union, and NATO.
  • GDP: 184,651 billion USD.
  • Passport ranked 4th globally.
  • No stay requirements or nationality restrictions.
  • High attraction of business investment opportunities.
  • Affordable cost of living.

About the program:

The Hungarian residency program by real estate investment is an exclusive program for a limited number of leading companies such as Respect Services Company, and it is one of the best European residency programs in terms of benefits and cost at the present time.  This program grants the applicant a European residence permit through a distinctive real estate investment opportunity with a guaranteed return on investment, without residency requirements, enjoy the benefits of European residency such as freedom of movement between European Union countries, health insurance and free education for children in government schools for the foundation stage.

 

Residency type and validity:

  • All citizens are allowed to apply including Russia and Belarus
  • Success rate 100% with FULL REFUND policy.
  • Will entitle holders for free Public Education in Hungary and travel freely through the Schengen zone.
  • The main applicants are entitled to a 5‐year other” type residence permit while the family members receive a 3‐year residence permit.
  • All permits are extendable, and the family members will be entitled to the right of stay until the main applicant’s permit is valid.
 

The Benefits:

  • Grant the applicant and his/her family the right of residence (non-mandatory) and settle in Hungary with free movement within the European Union and the Schengen area without restrictions.
  • There is no minimum number of days to be in Hungary to maintain the residency.
  • All nationalities are allowed to apply for the program, including citizens of Russia, Belarus, Iraqi Kurdistan, Iran, and other nationalities who are not allowed to apply for other residency or citizenship by investment programs.
  • Speed of obtaining European residency within 2-4 months.
  • The European residence permit is issued first, and then the applicant completes the purchase of the real estate.
  • The success rate for obtaining European residency is high with a full refund policy in case the application is rejected.

 

  • The right to free public education for students in the foundation stage.
  • Health insurance includes the applicant and his/her family members within the program fees.

 

  • The European residence permit is issued for a period of 5 years for the main applicant and 3 years for his family members with the possibility of renewal provided that the real estate investment is retained.
  • The holder of European residency can apply for permanent residence, then Hungarian citizenship and passport according to the conditions and laws of each stage.

 

Program Terms and Conditions:

The residence program in Hungary is characterized by its simplicity and ease of achievement for interested individuals, which includes the following requirements:

  1. The main applicant must be at least 18 years old.
  2. Successful completion of due diligence and background verification checks.
  3. Prove financial net‐worth through bank balances (EUR 150,000 + EUR 16,000 per family member).
  4. Invest in completed and ready residential property within the region of Budapest city, Hungary.

 

 

 

Stages and Steps:

Stage 1: (2‐4 months)

 ProceduresPayment
Step 1

Sign the Service Agreement.

Assigning a Processing Consultant for the

application.

Upon Signing:

EUR 5,000 Covering: professional

fees

Step 2Preparation of the necessary documents and information.

Upon notification of receiving complete documents and information:

Application Fees: EUR 60,500 (+as

per the fees table above)

Step 3

· Securing the appointment at the Embassy.

· Visiting the embassy for biometric registration and submission of the application.

(Appointment scheduling might extend beyond the initial 15‐day period due to the Embassy’s

operational schedule).

EUR 80 Visa fees/per person EUR 30 Consular attestation fees/per signature
Step 4

· Following approval, clients will receive a D‐ Visa granting access to Hungary for the purpose of collecting their 5‐year residency. This D‐Visa remains valid for 12 months for entry with a 30‐day stay.

· Applicant will sign a declaration committing to property purchase within three months after receiving residency.

‐‐
Step 5

Before day 90 following the day the residency is

issued.

The Property’s Full costs and fees

 

 

 

 

Investment & fees:

1- Property‐related costs and fees

EUR 142,000

Invest in a property for at least HUF 54,000,000 Approx. EUR

142,000 (at the time of signature)

EUR 300Property acquisition fees
EUR 6,000Property acquisition Duty is 4% of the value of property.
EUR 1,500lawyer’s fee is 1% (one percent) of the value of real property
EUR 400VAT (27%) of the 1%.
EUR 320Government and land registry admin fees

RESPECT and Partners provide properties with a guaranteed return on

investment of 2% per year NET to the owner.

2- Application fees

EUR 60,500for Spouse + 2 minor children (under 18).
EUR 3,000for the 3rd minor and each extra family member (under 18).
EUR 6,000

for each family member of the age 18 and under 27

or parents of the main applicant or the spouse over the age of 65.

 To be added

EUR 80 Visa fees/per person

EUR 30 Consular attestation fees/per signature

 

 

Benefits Of Hungary Residency Program by Real Estate Investment

Visa-free Countries You Can Access

Schengen Countries

Who can be included in this citizenship application?

The Program’s Conditions

The residence program in Hungary is characterized by its simplicity and ease of achievement for interested individuals, which includes the following requirements:

 

  • The main applicant must be at least 18 years old.
  • Successful completion of due diligence and background verification checks.
  • Prove financial net‐worth through bank balances (EUR 150,000 + EUR 16,000 per family member).
  • Invest in completed and ready residential property within the region of Budapest city, Hungary.

Steps and Payments

We start by Signing the Service Agreement with Respect. And then Pay 50% of the Professional fees

Submit the needed documents and information.

Once the documents are completed, the official application forms are received for signature.

Pay the Due-Diligence Fees

+ Legal Fees
+ Bank Due-Diligence Fees
+ (10% of the Real Estate payment for Real Estate investment option)

The application will be submitted by the legal representative to the Citizenship by Investment Unit (CIU), then the CIU will start the Due-Diligence and will review the information and documents provided.

In case of the presence of (initial) comments from the CIU on the application (additional information or documents required), we have to coordinate with the applicant to address them.

Upon completion of the Due-Diligence and checking the application, the CIU issues its (final) comments on the application for processing, otherwise, the unit shall issue an approval letter of the application along with the transfer instructions.

Once the approval is issued, the applicant is due to transfer the government fees + (The Financial Contribution or the balance of the Real Estate Investment).

Pay the Financial Contribution or Real Estate Investment balance

+ Citizenship Certificate and Passport Fees

+ 50% of the Professional fees ($5,000)

Citizenship Certificates and the Passports will be issued respectively