Hungarian Lawmakers Back Golden Visa Plan for Property Investors
This article is for subscribers only.
Hungary is poised to start a new initiative allowing foreign real estate investors to seek residency permits in the European Union nation, six years after the authorities closed down a similar golden-visa program amid allegations of corruption.
Lawmakers in Budapest on Tuesday backed the introduction of a “guest-investor program” that would allow those who put at least €250,000 ($270,000) into local property funds or €500,000 into Hungarian real estate the right to apply for a 10-year, renewable residency permit.