5 Cheapest Residency or Citizenship by Investment Programs in Europe

4. Hungary

Minimum Investment: $272,500

As of November 2023, the Hungarian government has introduced a new plan—the Guest Investor Visa—under their Golden Visa Program. Being one of the most developed European nations, Hungary offers a high quality of life for foreigners seeking permanent residency. The investment options include a minimum value of $272,500 in registered real estate funds, a $545,000 investment directly in Hungarian real estate, or a $1,090,000 contribution to a public interest area.

The application process is swift, taking approximately 2-3 months, and the residency permit is valid for 10 years. Permanent residency can be achieved in 3 years by residing in the country for the required duration. Citizenship through naturalization is also attainable in about 8 years, with the condition of spending a significant amount of time in the country.

The citizenship guarantees visa-free travel to 185 destinations, including the Schengen and the US. This program distinguishes itself from other European Investment Programs as capital investment can be deferred until after the residency approval has been granted. Spouses and minor children are automatically included in the process, making it a family-friendly option. The program requires physical presence, but only for 180 days in a year. Furthermore, it is available to people from all nationalities, making it one of the best and most cost-effective residency or citizenship programs in Europe.

With a strong business market, a growing property market, and facilitated trade, Hungary offers a favorable environment. Corporate tax rates are low at 9%, and personal income tax rates are extremely competitive compared to other European nations, standing at 15%.