Hungary.
How Hungary sells residence for investors (golden visa): 2 residence programmes, 1 of them open today. Every number and rule below links to the document it comes from.
36 documents and articles behind this page, listed at the bottom.
Residence
Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later. Hungary: 2 residence programmes, 1 of them open today; 407 numbers, 128 prices and rules. Every country's residence programmes
All the numbers, sources and downloads for Hungary in the data portal →
- Status
- Lowest price for one person
- Last change
Residence only: citizenship followed the normal rules.
- Status
- Lowest price when it closed
- Top nationalities
- Last change
Guest Investor Program
Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later.
Official name: Hungarian Guest Investor Program (vendégbefektetői vízum és tartózkodási engedély)
Units of a qualified Hungarian real estate fund, held 5 years. Alternatives: EUR 1,000,000 donation to a foundation-run university (t-0acf83b0be); the EUR 500,000 property route (t-bfb4bb20e7) was removed from 30 Dec 2024 and seems never to have operated.
Notes from the research
Act XC of 2023, ss. 16 and 22: six-month guest investor visa, then a 10-year residence permit renewable for 10 more, with the right to work. Routes: EUR 250,000 in units of a qualified Hungarian real estate fund held 5 years; EUR 1,000,000 donation to a foundation-run university; EUR 500,000 residential property until removed on 30 Dec 2024. Security vetting by the Constitution Protection Office; fund managers need clearance. Law in force 1 Jan 2024, but the first fund manager qualified only in Oct 2024. No official statistics are published; press reports from OIF data show very low take-up.
Prices and rules
What is measured
- Investor visa applications5
- Investment funds eligible for a programme3
- Investor visas issued2
- Applications pending1
- Applications received1
- Applications turned down1
- Applications withdrawn1
- Security-service recommendations to refuse1
Residency bond programme
Sells the right to live in the country (a “golden visa”), sometimes leading to citizenship later.
Citizenship. Residence only: citizenship followed the normal rules. (from the research notes below)
Official name: Hungarian residency bond programme (Letelepedési Magyar Államkötvény, settlement bond)
Price at closure (31 Mar 2017): EUR 300,000 face value of residency bonds per applicant, for applications filed after 1 Jan 2015 (EUR 250,000 before, t-36b425f7c7). Intermediaries' service fees (reported EUR 45,000-60,000) excluded.
Notes from the research
Residence permit in the 'national economic interest' under s. 28(3)-(11) of Act II of 2007 (added by Act CCXX of 2012) for holders of at least EUR 250,000 (EUR 300,000 from 2015) of five-year securities sold by private intermediaries approved by Parliament's economic committee (eight in all, mostly offshore; one per country); the intermediaries bought discounted zero-coupon euro bonds from ÁKK. Settlement (permanent residence) permit after six months, directly from July 2016 per Index. ÁKK: EUR 1.844 billion face value issued 2013-2017 in 11 series, all repaid by 2022. BMH: about 6,500 investors and 13,300 family members. Residence route only; normal naturalisation rules applied.
The line follows the official figure for each date; faint dots are other sources and earlier versions.
The line follows the official figure for each period.
The line follows the official figure for each period.
Who buys
Prices and rules
What is measured
- Investor-programme bonds outstanding156
- Golden visas issued122
- Implied annual cost of investor capital22
- Extra financing cost of investor-programme bonds20
- Investor residence permits revoked17
- CBI government bond purchases10
- Investor-programme bonds as a share of state financing9
- Investors approved, not counting family members6
- Investor-programme bonds repaid6
- Intermediary fees charged per investor4
- Income of programme intermediaries4
- Investor-programme bonds sold (count)3
- and 8 more; see Explore below.
What we know is missing
- Guest Investor Program: no yearly figures at all for applications or people let in or money raised.
- Residency bond programme: no yearly figures at all for applications or people let in or money raised.
- 1 of the 26 documents we hold from here has been read only in part; what remains is listed in the coverage file.
- Can't be extracted: the article's table ("a fenti táblázatban", apparently bonds or migrants by year) is an image that is not in the stored copy or the Wayback capture; its figures cannot be read.
A gap means no figure is in our data: either it was never published or we haven't found or read it yet. Charts leave gaps open rather than drawing across them.
All the numbers we have for Hungary
407 numbers about Hungary's residence programmes. Pick a programme and what you want to see. Each dot is one number from one document; click anything to open its source.
What happened, and when
The 36 documents behind this page
- 2026-10 · Law or regulation2023. évi XC. törvény - consolidated text in force 2026.10.01 · Nemzeti Jogszabálytár (National Legislation Database, njt.jog.gov.hu)
- 2026 · GovernmentVendégbefektetői tartózkodási engedély (Guest investor residence permit) - information page · Országos Idegenrendészeti Főigazgatóság (OIF, National Directorate-General for Aliens Policing)
- 2025-03 · NewsCsak 25-en kértek vendégbefektetői tartózkodási engedélyt, nem nagyon pörög a letelepedési kötvény utódja · HVG
- 2025-01 · NewsA kormány nagy csendben kiherélte az új magyar letelepedési programot · Telex
- 2024-12 · Law or regulation2023. évi XC. törvény - consolidated text, time state from 2024.12.30 · Nemzeti Jogszabálytár (National Legislation Database, njt.jog.gov.hu)
- 2024-12 · NewsSzeptember végéig 109-en igényeltek vendégbefektetői „aranyvízumot” · HVG
- 2024-09 · Law or regulation2023. évi XC. törvény - consolidated text, time state from 2024.09.01 · Nemzeti Jogszabálytár (National Legislation Database, njt.jog.gov.hu)
- 2023-12 · Law or regulation2023. évi XC. törvény a harmadik országbeli állampolgárok beutazására és tartózkodására vonatkozó általános szabályokról (Act XC of 2023 on the general rules for entry and residence of third-country nationals), in Magyar Közlöny 2023/185 · Magyar Közlöny (Official Gazette of Hungary)
- 2023-12 · Non-profit"Golden visas": la adquisición de permisos de residencia por inversión en España. Principales riesgos, desafíos y recomendaciones · Transparency International España
- 2023 · GovernmentÉves jelentés az államadósság kezeléséről 2022 (Annual report on government debt management 2022) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2022-12 · GovernmentÉves jelentés az államadósság kezeléséről 2021 (Annual report on government debt management 2021) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2022-02 · GovernmentÉves jelentés az államadósság kezeléséről 2020 (Annual report on government debt management 2020) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2021-10 · European UnionAvenues for EU action on citizenship and residence by investment schemes: European added value assessment (PE 694.217) · European Parliamentary Research Service (European Added Value Unit)
- 2020 · GovernmentÉves jelentés az államadósság kezeléséről 2019 (Annual report on government debt management 2019) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2019-11 · GovernmentLetelepedési Magyar Államkötvények (Settlement Hungarian Government Bonds) - programme page · Államadósság Kezelő Központ Zrt. (ÁKK, Government Debt Management Agency)
- 2019-01 · European UnionCommission Staff Working Document accompanying the Report on Investor Citizenship and Residence Schemes in the European Union, SWD(2019) 5 final · European Commission
- 2019-01 · European UnionInvestor Citizenship and Residence Schemes in the European Union, COM(2019) 12 final · European Commission
- 2019 · GovernmentÉves jelentés az államadósság kezeléséről 2018 (Annual report on government debt management 2018) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2018-12 · NewsTizenhat kötvényes papírjait vonták vissza utólag · 444.hu
- 2018-10 · Non-profitEuropean Getaway: Inside the Murky World of Golden Visas · Transparency International and Global Witness
- 2018-10 · Non-profitA letelepedési államkötvények szerepe a magyar állam finanszírozásában (The role of residency bonds in financing the Hungarian state) · Transparency International Magyarország; Költségvetési Felelősség Intézet Budapest (KFIB)
- 2018 · GovernmentÉves jelentés az államadósság kezeléséről 2017 (Annual report on government debt management 2017) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2017-12 · NewsMegvan, mennyien érkeztek a letelepedési kötvényprogrammal · Index.hu
- 2017-08 · GovernmentInterim Evaluation of the Immigrant Investor Programme ('IIP') · Department of Justice and Equality (IGEES unit)
- 2017-03 · News17 ezer letelepedési kötvényt adtak el offshore-cégek gazdasági migránsoknak · Index.hu
- 2017 · GovernmentÉves jelentés az államadósság kezeléséről 2016 (Annual report on government debt management 2016) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2016 · GovernmentÉves jelentés az államadósság kezeléséről 2015 (Annual report on government debt management 2015) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2015-10 · GovernmentVálasz Szabó Tímea (független) K/6396. számon és K/6397. számon benyújtott írásbeli kérdéseire (Interior Minister's answer to written questions K/6396 and K/6397 on nationalities of settlement-bond buyers) · Belügyminisztérium (Ministry of Interior), Dr. Pintér Sándor
- 2015-06 · IMFVanuatu: 2015 Article IV Consultation and Request for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument (IMF Country Report No. 15/149) · International Monetary Fund
- 2015-05 · IMFToo Much of a Good Thing? Prudent Management of Inflows under Economic Citizenship Programs (IMF Working Paper WP/15/93) · International Monetary Fund
- 2015 · GovernmentÉves jelentés az államadósság kezeléséről 2014 (Annual report on government debt management 2014) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2014-02 · GovernmentTier 1 (Investor) route: investment thresholds and economic benefits · Migration Advisory Committee
- 2014 · GovernmentÉves jelentés az államadósság kezeléséről 2013 (Annual report on government debt management 2013) · Államadósság Kezelő Központ Zrt. (ÁKK)
- 2013-02 · Law or regulationA nemzetgazdasági miniszter 4/2013. (II. 19.) NGM rendelete a harmadik országbeli állampolgárok beutazásáról és tartózkodásáról szóló törvényben meghatározott államkötvény kibocsátásának részletes szabályairól (Ministry for National Economy Decree 4/2013 on the issuance of the residency bond), in Magyar Közlöny 2013/26 · Magyar Közlöny (Official Gazette of Hungary)
- 2012-12 · Law or regulation2012. évi CCXX. törvény a harmadik országbeli állampolgárok beutazásáról és tartózkodásáról szóló 2007. évi II. törvény módosításáról (Act CCXX of 2012 amending Act II of 2007 on the entry and residence of third-country nationals), in Magyar Közlöny 2012/180 · Magyar Közlöny (Official Gazette of Hungary)
- · GovernmentORiip Annual Report 2019 · Office of the Regulator (Malta)
Who buys passports and golden visas, what they cost, and what happens when governments change the rules. Written from this data, in the newsletter.