Update – January 15, 2025: The guest investor pathway for EUR 500,000 real estate investment pathway has been abolished. The other two pathways remain in effect.
Update - July 10, 2024: The EUR 250,000 investment and the EUR 1 million donation ‘Guest Investor Residence’ permit pathways both went into effect on July 1, 2024. The guest investor pathway for EUR 500,000 real estate investment has been postponed until January 2025, and only property purchases that take place after January 1, 2025 can be considered for that pathway.
March 1, 2024: Hungary has relaunched its golden visa program, the ‘Guest Investor Residence’ permit. The permit grants work and residence rights for 10 years (renewable once), and entry into Schengen Area countries (for 90 days within any 180-day period). To be eligible, applicants must either invest EUR 250,000 (for at least five years) in a specific investment fund (subject to certain conditions); invest EUR 500,000 (for at least five years) in the country’s residential real estate market; or make a non-refundable donation of EUR 1 million into a higher education institution with the purpose of supporting scientific research or artistic activities. Certain family members of the principal permit holder (including spouses, minor children, and dependent parents) are eligible for a dependent residence permit (which includes work rights). The program – which follows a previous Hungarian golden visa scheme that was ended in 2017 – seeks to increase foreign investment in Hungary.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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Awards
Canada Managing Partner Cosmina Morariu has received the France Canada Chamber of Commerce in Ontario (FCCCO) Women in Leadership Award, recognizing her leadership and contributions to the business and legal communities.
Media mentions
Managing Director Diogo Kloper highlights how Brazil’s new electronic visa for Chinese citizens reduces bureaucracy, lowers costs and streamlines business and tourism travel.
Blog post
Partner, Global Responsible Business Practices, Lisa Koenig, Lead Analyst Dominic Dietrich, Senior Associate Sarah Blackmore and Senior Associate Sonya Berenfeld Cole examine why climate disruptions are reshaping mobility strategy as economic loss, workforce displacement and travel risks require organizations to reassess workforce planning and operational resilience.
Media mentions
Associate Ilaria Iovieno and Immigration Consultant Sean Pearce explain how the UK’s higher English language requirement for work visas affects construction employers.
Visas
Senior Business Immigration Manager Vicente Duque outlines key immigration considerations for international visitors traveling to Mexico for the 2026 FIFA World Cup, including visa eligibility, entry documentation and travel between host countries.
Video
Explore EU visa options for non-EU nationals, including Schengen, long-stay and work visas like the EU Blue Card. Find the right visa for your needs.
Blog post
Counsel Susan Steger examines how wage-driven selection mechanisms in programs such as the H-1B lottery and PERM can create incentives for artificial wage inflation and introduce new compliance and workforce planning challenges for employers.
Media mentions
Director Gemma Hyslop examines how collaboration across the global mobility sector can help strengthen legal pathways and support for migrant women experiencing abuse.
Media mentions
Partner Abeer Al Husseini discussed immigration and duty-of-care challenges for employers amid Middle East travel disruptions.
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Partner Sarah K. Peterson is recognized by the Minneapolis/St. Paul Business Journal as a 2026 Women in Business honoree for her professional achievements and contributions to the Twin Cities business community.
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Media mentions
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