Hungary is considering a new “golden visa” program, according to a draft bill presented to the parliament. The proposed initiative, revealed on Tuesday, introduces a “guest-investor visa” for individuals involved in projects recognized as “strategically important investments” by the government.
As per the draft, individuals would need to obtain this “guest-investor visa” to qualify for a residence permit, allowing a 10-year initial stay with the option for an additional 10-year extension. This development follows the termination of a previous “golden visa scheme” in 2017. The earlier program, launched in 2013, required foreign individuals to purchase Hungarian bonds, costing up to 300,000 euros, to gain residency status.
The decision to end the 2013 program was influenced by an incident where a Syrian man, under US sanctions, acquired residency status in Hungary.
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