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Summary of this video:

Hungary has launched a new Golden Visa Program called the Guest Investor Program (GIP). This program allows individuals to obtain residency in Hungary by investing in real estate. The investment options include investing €250,000 into a real estate fund or €500,000 into real estate. The program aims to streamline the process and make it more guaranteed compared to the previous Golden Visa Program.

The new program is set to be active in late 2024 and offers a 10-year residency permit. Hungary is known for its low corporate tax rate and favorable tax policies, making it an attractive destination for high net worth individuals. The program is expected to attract applicants from China and the United States.

DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

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