On October 29, 2024, four months after the launch of the Ivánka Fund Scheme, the Hungarian government approved its first fund under the scheme for foreign investors. This milestone is a significant breakthrough for the scheme, which had not seen any approved investment options since its launch in July.
The Ivánka Fund Scheme offers three approved investment options to eligible investors and their family members to obtain residency in Hungary:
• Investing €250,000 in a real estate fund;
• Investing €500,000 in a residential property;
• Donating €1,000,000 to a higher education institution supporting public benefit activities.
Investors will be granted a 10-year residency permit, which will also include their spouse and children.
It is expected that investors will be able to obtain their residency permit within "a few weeks" after completing their investment.