The Hungarian guest investor visa program comprises of several stages from initial application to investment to citizenship. The processing time is approximately 4-6 months.
- Initial stage
- Due diligence check
- Document collection
- Application package preparation
- Payment of the Professional and Legal fees
- Timeframe: depends on client
- Entry visa application
- Appointment request
- Personal visit to the Hungarian Consulate
- Approximate time to receive the visa: a month.
- Investment (starting also with the Initial stage)
- Document collection
- Account opening by the financial institution
- Signing of the custody agreement during the personal visit to Hungary
- Transferring the €250,000 fund investment, the custody account opening fee of €2,000 and the 5-year custody account maintenance fee of €2,300 to the fund distributor
- Approximate time for the account opening process: max. 2 months.Special rule: Client has 90 days for executing the investment after the entry visa is issued (if coming from a visa-required country) or from the entry to Hungary (if coming from a non-visa country).
- Residence permit application
- Applying for the residence permit either in person, or electronically (in this case client needs to come personally for the biometrics within 15 days after submission)
- Approval and issue of the residence permit
- Approximate time for the delivery of the residency card: 3 months.
- Family reunification (after the main applicant receives the residency permit)
- Appointment request at the consulate
- Family members apply personally at the consulate for family reunification permit
- Approval and issue of the residence permit
- Residence permit card should be received by applicant(s) in Budapest personally.