No. However, in addition to having to prove that you have the necessary capital required to buy a qualifying property (HUF 56 million+ / ~€150,000+ / ~$164,000+), you must also be able to prove that you have sufficient savings to support yourself, along with any dependents, while living in Hungary.
In addition, the fees for the program are as follows:
- Government processing fees: €30,000 per family (two adults and all minor children);
- Due diligence and professional services fees: €30,000 per family (two adults and all minor children) + €10,000 per additional adult dependent.
As of May 2023, the savings requirement are as follows:
| Applicant | Savings Requirement 2023 |
|---|---|
| Primary |
€27,000+ |
| Spouse | €16,000+ |
| Per Dependent Minor Child | €16,000+ |
| Per Dependent Adult | €16,000+ |
| Family of 4 (2 Adults, 2 Minor Children) | €75,000+ |
For more information on the program, visit our Hungarian Residency By Investment page.