62 UGLOBAL IMMIGRATION MAGAZINE
“ Despite the waiting period , the real estate fund option appears to be the most appealing investment choice .
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THE PATH OF MONETARY DONATION TO A CHARITABLE ORGANIZATION
TThis alternative requires the investor to obtain a certificate from a higher education institution that is supported by a public trust with a mission focused on public service . This certificate must indicate that the organization received a financial contribution of at least 1,000,000 euros from the primary applicant to aid in educational , scientific research , or artistic creation initiatives . However , this option is less favored compared to others since it essentially offers no investment value ; nonetheless , if the applicant chooses this route , there will be no necessity to submit a renewal application because it will undergo an automatic renewal process .
obviously choose to live and stay in Hungary , but they can also visit once to finish the last sphere of the application .
WHAT MAKES LIVING IN HUNGARY ATTRACTIVE ?
Residents of Hungary can enter the Schengen area without any restriction . With affordable medical services in reach , living , studying , and working in the EU is now possible .
Hungary is recognized for its favorable tax regime , with one of the lowest personal income tax rates in the EU at 15 %, and the lowest corporate tax at 9 %.
According to the Global Peace Index , Hungary is 14th among the 163 remaining countries , making it one of the safest places to live . For applicants who will settle in Hungary with their families , security can be a huge contributing factor . But it ’ s not just working and living with the Guest Investor Visa ; applicants and their families can also study in Hungary . Apart from the elementary schools and secondary education institutes , Universities in Hungary welcome growing numbers of international students for full degrees , and most of the courses that are offered are entirely taught in English . According to QS World Ranking , Eötvös Loránd University ranked 651 while Corvinus University ranked 801 .
GUEST INVESTOR RESIDENCE PERMIT
After applying at the Hungarian Consulate of the applicant ' s habitual residence country , the second step is to request a Guest Investor Residence Permit . With a valid GIV , the investor can enter Hungary , and upon entry , they are obliged to show proof of the chosen investment within three months of their entry . The application for the permit can be made via the website of enterhungary . com , but the applicant must be in Hungary for the biometrics and to hand over the official documents . This residence permit can be extended for the spouse and minor children of the main applicant , and they are also eligible for a renewal of 10 years .
Compared to other Golden Visa programs , Hungary ’ s has very similar requirements . But what makes the country stand out is :
• The residence permit issuance process is quite quick . After around 3-4 months of processing time , the applicant and their family can enjoy the benefits of living in Hungary .
• The residence permit also allows third-country nationals to work in Hungary . So , the applicant and their family members who received the permit can work , study , and live in Hungary without an additional permit .
• The Hungarian Golden Visa does not require a minimum stay in the territory , so applicants can