From 192 visas to just 25 permits: Hungary’s investor program reveals significant drop-off in completed applications
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Hungary takes direct real estate option off menu days before slated opening. Move likely aims to safeguard program integrity and reputation, say experts.
Ten months after launching its Guest Investor Program, Hungary licenses its first qualified investment fund, with four more awaiting approval.
Before the program has even formally launched, Hungary’s parliament has already amended rules governing the GIP that’s opening this summer.
“If they are processed in three months also this time, then this program will be the best, because clients want to see results,” says Kiss.
IMI Pro Csaba Magyar provides a step-by-step guide to how property investments work for Hungary’s new Guest Investor Program.