{"id":48861,"date":"2024-11-06T13:58:51","date_gmt":"2024-11-06T06:58:51","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=48861"},"modified":"2024-11-06T13:58:51","modified_gmt":"2024-11-06T06:58:51","slug":"hungarian-government-approves-first-gip-fund-four-more-to-follow-in-2025","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/hungarian-government-approves-first-gip-fund-four-more-to-follow-in-2025\/","title":{"rendered":"Hungarian Government Approves First GIP Fund, Four More to Follow in 2025"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:320\">On October 29, 2024, the Hungarian government authorized <span class=\"citation-0 citation-end-0\">its first real estate investment fund, the SPRINT Hungary Real Estate Development and Investment Fund, for the Guest Investor Program (GIP).<\/span> This marks a significant milestone, as the GIP launched in July 2024 without any approved investment options.<span class=\"button-container hide-from-message-actions ng-star-inserted\"> \u00a0 <button class=\"mat-mdc-tooltip-trigger button image-fade-on hide-from-message-actions\" aria-controls=\"sources\" aria-expanded=\"false\" aria-describedby=\"cdk-describedby-message-ng-1-53\"><\/button><\/span><\/p>\n<div class=\"container ng-tns-c3377488970-57 hide\">\n<div class=\"carousel-container ng-tns-c3377488970-57\">\n<div class=\"carousel-content ng-tns-c3377488970-57\">\n<div class=\"sources-carousel-source ng-tns-c3377488970-57 hide ng-star-inserted\" data-test-id=\"sources-carousel-source\">\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-44994\" src=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary.png\" alt=\"Th\u1ee7 t\u1ee5c \u0111\u0103ng k\u00fd \u0111\u1ea5t \u0111ai Hungary\" width=\"1200\" height=\"750\" title=\"\" srcset=\"https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary.png 1200w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-300x188.png 300w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-1024x640.png 1024w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-768x480.png 768w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-24x15.png 24w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-32x20.png 32w, https:\/\/porticoandbridge.com\/wp-content\/uploads\/2024\/06\/Thu-tuc-dang-ky-dat-dai-Hungary-48x30.png 48w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p data-sourcepos=\"7:1-7:301\">To qualify for the GIP, fund managers must meet strict standards. The Constitution Protection Office must certify each manager as a &#8220;market operator&#8221; through preliminary national security checks. This requirement, announced shortly before the GIP&#8217;s launch, created a delay in the program&#8217;s initiation.<\/p>\n<p data-sourcepos=\"9:1-9:307\">Beyond security screening, alternative investment fund managers must oversee assets worth at least \u20ac100 million (or \u20ac500 million for unleveraged funds) and maintain a minimum five-year investment period. Non-alternative investment fund managers must manage real estate funds exceeding \u20ac600 million in value.<\/p>\n<p data-sourcepos=\"11:1-11:210\">Mo Shaban, Sales Director at immigration consultancy Helpers Hungary, explains that while visa applications have been accepted since July, investors were awaiting the availability of actual investment vehicles.<\/p>\n<p data-sourcepos=\"13:1-13:251\">With the government&#8217;s approval of the first fund, investors holding valid six-month visas can now proceed with their \u20ac250,000 investment. They must enter Hungary within the visa validity period and complete the investment within three months of entry.<\/p>\n<p data-sourcepos=\"15:1-15:106\">The GIP offers eligible investors and their families Hungarian residency through three investment options:<\/p>\n<ul data-sourcepos=\"17:1-20:0\">\n<li data-sourcepos=\"17:1-17:42\">\u20ac250,000 investment in real estate funds<\/li>\n<li data-sourcepos=\"18:1-18:45\">\u20ac500,000 investment in residential property<\/li>\n<li data-sourcepos=\"19:1-20:0\">\u20ac1 million donation to higher education institutions supporting public interest activities<\/li>\n<\/ul>\n<p data-sourcepos=\"21:1-21:207\">Successful investors receive a ten-year residence permit, which extends to their spouse and children. Shaban estimates that investors can obtain their permits within a few weeks of completing the investment.<\/p>\n<p data-sourcepos=\"23:1-23:259\">Four additional investment funds are currently awaiting approval. However, the government has not provided a specific timeline for their authorization. Shaban anticipates that these applications are in progress but unlikely to be approved before the new year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 29, 2024, the Hungarian government authorized its first real estate investment fund, the SPRINT Hungary Real Estate Development and Investment Fund, for the Guest Investor Program (GIP). This marks a significant milestone, as the GIP launched in July 2024 without any approved investment options. \u00a0 To qualify for the GIP, fund managers must &#8230; <a title=\"Hungarian Government Approves First GIP Fund, Four More to Follow in 2025\" class=\"read-more\" href=\"https:\/\/porticoandbridge.com\/en\/hungarian-government-approves-first-gip-fund-four-more-to-follow-in-2025\/\">Read more<span class=\"screen-reader-text\">Hungarian Government Approves First GIP Fund, Four More to Follow in 2025<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":45818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[95],"tags":[],"class_list":["post-48861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe-immigration"],"acf":[],"_links":{"self":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/48861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/comments?post=48861"}],"version-history":[{"count":1,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/48861\/revisions"}],"predecessor-version":[{"id":48862,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/48861\/revisions\/48862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media\/45818"}],"wp:attachment":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media?parent=48861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/categories?post=48861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/tags?post=48861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}