Hungary: The real estate investment opportunity you do not want to miss out on
Buying any real estate in Hungary is generally considered to be an excellent investment, particularly in Budapest. To begin with, the high quality of life and excellent medical care, coupled with the affordable property, makes Hungary an attractive place to purchase real estate. Then, of course, there are the countless thermal baths, breathtaking scenery, and stunning architecture which you'll certainly never get tired of.
Through our unique real estate residency program, both you and your loved ones can acquire Schengen residency within a few months and get a taste of one of the most progressive real estate markets in the European Union.
Why should investors choose Hungary?
Differing from other EU countries, Hungary's investment program allows you the chance to obtain a residency in 2 months. After obtaining this, you will be able to travel to the Schengen area without a visa. This is the fastest way to obtain residency in Europe in such a short time.
Once you obtain residency, you can benefit from tax planning and become a permanent resident. A permanent residence is a lifetime status and its rights are equal to those of citizens. By rule, permanent residence in EU countries can be obtained after 5 years of living in the country, however in Hungary you can obtain permanent residence in 3 months.
At the same time, you are not obliged to remain in the country, not even a single day per year. Nevertheless, you do not automatically become a tax resident, but if necessary, you can become a tax resident of Hungary within 5 working days.
How do I apply?
Your residence permit will be granted on the earnings generated by your real estate investment. The easiest way to achieve it is to purchase at least 2 properties in Budapest and lease them out for a steady regular income.
First, you will incorporate a Hungarian LLC that will own and rent the apartments. Then you can select which properties you wish to buy. Finally, your residence permit is granted within 2-3 months.
The minimum investment amount is EUR 200,000, which is sufficient for buying 2 apartments in Budapest. As the property market in Budapest is growing 15% annually, the profitability of the investment is practically guaranteed.
Additionally, you will be required to pay EUR 20,000 for program fees and a 4% property tax after buying the apartments.
What benefits are there for me?
Hungary has a cheap cost of living, outstanding public education, practically no violent crime on the streets, affordable real estate, a pleasant climate, a 9% corporate tax rate, and a host of unknown advantages, such as the countless thermal baths spread all over the country.
In addition, after being granted a residence permit based on your real estate investment, your immediate family members, including your spouse and dependent children, can obtain their permits on family unification grounds.
So, if you are interested in finding out more about residency by real estate investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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