A unit is a financial instrument that represents a share in an investment fund. This means that anyone who buys a unit acquires an ownership interest in that fund and shares in its returns or losses.
A third-country national must be at least five years you must have a specific type of investment ticket which you must subscribe (buy) directly.
The unit is issued to a be issued by a real estate fund, which meets the following conditions:
Property fund conditions:
a) The fund invest at least 40% of its net asset value in residential real estate in Hungary. This means that the property fund must invest a significant proportion in residential property in Hungary. Real estate should for housingthey must be suitable for use.
b) The real estate fund manager must be listed in the on the list of qualified operators under the Act on Defence and Security Procurement (DPA). This means that the real estate fund manager must have an official licence that guarantees that it meets the security and financial requirements set by the Hungarian government.
c) The real estate fund and its manager must comply with all Hungarian legal requirements, including anti-money laundering and investment fund rules.
The right real estate fund is therefore a qualified, regulated investment fund with a significant proportion invested in residential property, managed by an officially approved fund manager. Only a unit issued by this type of fund entitles the applicant to apply for a residence permit as a guest investor.