Residence permit in Italy: Guide for UK citizens
Read our guide explaining the resident permit in Italy, including different types of permits, how to apply and how much it costs.
A Golden Visa is a type of residency-by-investment programme which allows foreign nationals to receive a residency permit in exchange for making a financial investment in the host country. In Hungary, your options as a UK resident are investing in a real estate fund or making a non-refundable public trust donation.1
This comprehensive guide breaks down what’s unique about Hungary’s Golden Visa programme, how to apply for one step-by-step, and the benefits of being a Golden Visa holder. We also address some of the most commonly asked questions about the Hungary Golden Visa.
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Key Programme Details: Hungary Golden Visa
Hungary’s Golden Visa programme - officially the Hungarian Guest Investor Programme (GIP) - allows non-EU citizens to obtain residency in Hungary, and in turn visa-free access to the Schengen Area in exchange for different types of investment.
Launched in 2024, it’s one of the newest Golden Visa programmes within the EU. It’s also one of the most desirable, giving investors and their families the chance to live, work and study in the fascinating Central European nation known for its high standard of living and comparatively low costs.
The Hungary Golden Visa is particularly unique as it’s the only EU Golden Visa programme which allows applicants to complete their investment after an initial residency permit has already been issued.1
The programme offers a residency permit valid for a full ten years initially -- and it can then be renewed another 10 years. There’s also no strict minimum stay requirement to maintain the Golden Visa.
With the Golden Visa, you can set up companies and open bank accounts within Hungary and the EU. Hungary also boasts one of the lowest tax rates within the entire EU: it has a corporate tax rate of 9 percent, while income is taxed at 15 percent and inheritance at 18 percent.2
Living costs in Hungary tend to be much lower than in most Western European countries. For a family of four, the estimated monthly cost of living is around €2265.1
Hungary’s strategic location in the centre of Europe and strong public transport system means that you’ll also have easy access to its numerous neighbouring countries and the rest of the continent. Hungary also has a low crime rate.3
Hungary’s healthcare lives up to European standards. Golden Visa holders and their families have access to national healthcare services.
Hungary boasts a quality education system with internationally recognised universities. Children of Golden Visa holders can attend Hungarian schools and unis. The system follows the Bologna structure, meaning degrees are recognised across Europe.
The Hungary Golden Visa programme is open to third-country nationals, meaning that they come from outside of the EU/EEA/Switzerland, with a valid passport.
They also have to make one of two qualifying investments which are deemed to be in Hungary’s “national economic interest”.
They’ll need to be at least 18 years old, have no criminal record, and have no outstanding tax liabilities worldwide.
They’ll also need to demonstrate that the invested funds come from legal sources.
Furthermore, applicants will need to show that they can support themselves, and aren’t relying on state social assistance. Unlike with other EU Golden Visa incomes, there is no specified minimum monthly income requirement.
Passport holders across all nationalities, including British, are welcome to apply.
The following is a core list of the documents you’ll need in order to apply for the Hungary Golden Visa:
In addition to either an investment worth €250,000 or one million euro donation, applicants will need to factor in additional application fees.
Under the fund route, applicants will need to budget in additional €65,000 for their application fee, which covers families of up to four people.
Successful applicants under this route will also need to pay annual management fees of up to 2.5 percent.
It’s possible to recover your capital after a minimum five-year holding period, provided the investment remains compliant with Hungarian regulations.
Unlike the donation route, which is non-refundable, the fund option is structured to allow an exit after five years. But keep in mind: the actual return of your capital depends on the fund’s terms, market conditions and regulatory compliance.
Regardless of their chosen route, the investor will also need to buy or rent real estate in order to have a registered address, which is a requirement for any Hungarian residency permit.
Last but not least: there’s a government processing fee ranging between €110–€150 for your application.
If you’re putting in all of the effort (not to mention capital) to qualify for a Hungary Golden Visa, you’ll want to make sure that your application is as strong as possible.
Below we break down the steps to applying for the visa, and shed some light on how to prepare a successful application.
The steps don’t quite end here: after obtaining your permit, you’ll need to maintain your investment. That means either that the fund shares are held for the required minimum term, or your donation remains registered.
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Officially called the Guest Investor Residence Permit, the Hungary Golden Visa allows non-EU nationals to gain long-term residency by making a qualifying investment, whether €250,000 in a government-approved real-estate fund or a one million euro donation to a Hungarian university. In return, investors get a 10-year renewable residence permit for themselves and their family.
No. One of the main perks of the Hungarian Golden Visa is that there’s no strict minimum stay requirement. You don’t have to live there permanently to keep your residency status. However, you will need to meet minimum stay requirements if your goal is to acquire permanent residency or citizenship.
Yes. Your spouse and dependent children can be included in your Golden Visa application, and they’ll get the same residence rights as you (for studying, working, or living in Hungary). You can also include your parents if they’re older than 65.
No, while in many cases you can buy a house in Hungary as a foreign national, it won’t lead to residency. The Hungary Golden Visa used to include a real estate purchase option, but this was abolished in January 2025.
It can be, but there are no automatic guarantees. You’ll still need to meet Hungary’s regular naturalisation requirements, which generally include several years of continuous residence, a clean record, and knowledge of the Hungarian language (about a B1 level, or ability to hold a basic conversation).
The Hungary Golden Visa stands out for its long validity, low investment threshold, and flexibility. Unlike many other European residency-by-investment schemes, Hungary offers a 10-year residence permit (renewable for another 10 years) in exchange for a €250,000 investment in a government-approved real estate fund: one of the lowest entry points in the EU. You also don’t need to live in Hungary full-time, making it ideal for globally mobile investors and their families.
Sources used:
Sources last checked on date: 03-Nov-2025
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