Navigating Hungary's Golden Visa: A Guide to Property Investment

Navigating Hungary's Golden Visa: A Guide to Property Investment


Article title: Navigating Hungary's Golden Visa: A Guide to Property Investment

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Hungarian Golden Visa Property Investment

The Process of Buying Real Estate for Guest Investors

  1. Making an Offer

    • The buyer can make an offer, which the seller must accept.
    • The buyer can provide an advance or deposit as a commitment.
    • Typically, the deposit is 10% of the purchase price.
  2. Conclusion of the Contract

    • The contract requires a lawyer or notary public to countersign.
    • The lawyer must check the property's title deed and ensure it meets the requirements.
    • The contract must include specific details about the parties and the property.
    • The purchase price must be fixed in the contract.
  3. Licensing at the Government Office

  • Foreign nationals require permission from the government office to acquire real estate.
  • The application must include required documents and the government office has a 45-day deadline.
  1. Land Registry Procedure

    • The buyer's ownership is registered by the land registry after the contract is submitted.
    • The registration process has a maximum of 60 days.
  2. Entry Phase


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    • The parties sign a handover protocol, exchanging keys and recording meter readings.
    • The new owner is responsible for utility bills from the date of possession.

Taxation

  • VAT is 5% on the purchase of a newly built property.
  • A 4% transfer tax must be paid based on the property's market value.
  • Rental income is taxed at 15% personal income tax, with a 10% deduction for expenses.
  • After 5 years, the sale of the property is tax-free.
  • Construction tax is a local tax determined by the municipality.

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