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Last week, Hungary announced a new golden visa program set to launch in 2024 (exact date pending). However, Hungarian residency is currently attainable through real estate investment. The question arises: wait for the new program or act now? Let’s explore.

Today, the Hungarian government has published plans to introduce a new golden visa option for investors (known in Hungarian as “guest investor residence permit”), making this the latest and most attractive investment residency program in the EU.

According to the results of the last census, the number of foreign nationals living in Budapest as well as Hungary has been growing steadily over the last 20 years. In some of the more popular districts, almost a quarter of the residents are foreigners. Hungarian residency remains simple and transparent compared to EU standards.

Foreign-owned companies have been contributing massively to Hungarian economy over the last fifteen years. Get an overview of what this means in numbers, and consider how your business might fit a niche on the Hungarian market.