Hungary is a full member of the European Union and a party to the Schengen Agreement. Over recent years, Hungary’s economy has shown steady growth amid political stability, gradually positioning the country alongside leading European nations.
Hungary has transitioned from a raw material producer and a supplier of cheap labor to a country with advanced industrial production and transportation, becoming a logistical hub for the whole Europe.
Over 10,000 investors have already benefited from Hungary’s previous investment residency program. Over EUR 3 billion in investments have been attracted and returned.
At the end of 2023, the Hungarian Parliament approved a new program for granting long-term Hungarian residency through investment. This program not only guarantees investors the right to obtain long-term resident status in Europe, offering significant benefits for both the investor and their family members, but also opens new opportunities for the business of third-country nationals and their private assets.
Given the swift evolution of business models, our extensive 20 years experience plays a pivotal role in guiding clients through negotiations and executing mergers, acquisitions, and general transactional work. Our lawyers specialize in advising on merger controls, and ensuring that client transactions remain compliant with UAE’s competition and anti-trust laws as well.
The conditions for participation in the long-term residency program
in Hungary by investment are regulated by Law 2023.XC
investments into government-approved investment funds
investments to residential real estate, including at the construction phase.
charitable contributions to state social projects
