Bulgaria Golden visa compared to Hungary Golden Visa

While some companies prioritize selling services regardless of quality or accuracy, potentially misleading clients, our approach emphasizes compliance and integrity. Perhaps these companies don’t intend to mislead, but limited program knowledge may lead them to inadvertently provide incorrect information.

 

 

 

 

Take, for instance, a service provider promoting Hungary’s Golden Visa. The fervor to capitalize on this program’s popularity is understandable, but it’s crucial to ensure accuracy in promotion. An article about the program claims that “most Golden Visa residency permits are granted for shorter durations ranging from 1 to 5 years. However, under Hungary’s new Golden Visa programme, investors and their family members can enjoy the benefits of Hungarian residency for a decade.” It’s impressive that Hungary’s Golden Visa offers a 10-year permanent residency card. In contrast, Bulgaria’s Golden Visa provides indefinite permanent residency. Although the residency card in Bulgaria is typically valid for 5 years, a longer duration isn’t usually necessary since most applicants’ passports have a similar validity period. It appears there may be some confusion between the duration of the residency card and the validity of the permanent residency status itself.

The statement “As long as the investment is maintained, investors remain eligible for the extension of their residency without any additional residency durations constraints” implies that abandoning the investment would result in the loss of permanent residency status. This differs from Bulgaria’s Golden Visa, where maintaining the investment for 5 years allows for the release of the investment without affecting residency status. Our focus is on providing clear, accurate information, ensuring clients make well-informed decisions.

Not even close to Permanent residency

Doing some further reading you may even find out that by Hungary Golden visa they do not mean permanent residency status but mere temporary residency that will be halt once the property is sold.