Below are the subtle differences between two most popular golden visa programs running in Europe. In short, Portugal is more suitable for those who seek EU nationality quickest, Hungary is more preferred those who seek long term permanent residency.
Quick Comparison
The most important differences between Hungary and Portugal Golden visa programs are shown below..
| Comparison | Hungary GV | Portugal GV |
| Minimum Investment | €250,000 (Real Estate Fund) €1 million (Public Donation) | €250,000 (Cultural), €300,000 (fund (financing) or €500,000 (fund) |
| Returns | Very low or none | good |
| Recoverable | Yes (after 5 yrs) | After 5yrs |
| Investment Type | Real Estate Fund Public Donation | Cultural Artistic Donation / Venture Capital / Alternative / Private Investment Fund |
| Additional fees | €65k – €70k (Legal/Professional | AIMA Fee + Legal fee |
| Bank account | Mandatory (securities) | Mandatory |
| Residence conditions | None | 2 weeks every 2 years |
| Processing time | 3 months | 4-6 months |
| Citizenship conditions | After 8 years (continuous living) + Language test + Cultural test | After 5 years (no living) +A2 language test |
| Family | Spouse and children under 18 only | Spouse, children, parents, sibling (under 17) |
| Work Permission | Granted | Granted |
| Visa Free | Schengen / EU | Schengen/EU |
| Residence permit Issued | 10+10 years | 1+2+2 years |
| Permanent Residency | 3 years | 5 years |
| Property Investment | Closed | Closed |
| Housing address | Required (renting required) | Not required |
| Taxation | No taxes on foreign income, and not tax resident of Hungary (spends 183 days) | No taxes for non-Residents. NHR regime available for residents. |
Please feel free to contact us if you have any questions.
