Hungary

Hungary Residence Permit Program

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Passport Rank

13

Visa Free Countries

180

Investment Amount​

60,000 Euro

Processing Time

60 days

Table Of Content

About Hungary Residence Permit Program

 

This program is designed for individuals who want to have access to Hungary and who wish to establish a life and enjoy the right of residence within the country. 

The simplicity of the program makes it attractive for investors who wish to reside with their families in one of the most attractive EU countries.

 

Benefits of the Investment

 

Hungary offers a wide range of benefits and privileges to investors, such as:

  • Family can be included in the application (i.e., spouse and children regardless of age (conditions apply for dependents above 18)
  • Obtain a residence permit in Hungary for a period of 1 year, which can be renewed
  • All members of the applicant’s family enjoy freedom of movement throughout the Schengen countries
  • You and your family can enjoy the full social benefits within Hungary (health insurance and free education).
  • Have the opportunity to establish a business in Hungary 
  • All Nationalities can apply with no restrictions 
  • Fast processing time (within 60 days)

Hungary Residence Permit Program Qualifications and Requirements

 

This program is distinguished for the simplicity of its requirements by the interested individuals, as they are only required to: 

  • Have the financial ability to establish a business & support yourself and your family 
  • Register and establish a business within the first year of residency

 

Cost

 

There is the residence permit  cost that will be advised upon submission as well as the cost of the business that will be opened in Hungary within the first year that will depend on the requirements and needs of the business and the market.

Process and steps

 

  • Step One: Collect all the important required documents and forms
  • Step Two Schedule an appointment with the embassy at the Hungarian Embassy/Consulate
  • Step Three Attend the interview and submit the application
  • Step Four Receive approval and Hungary landing visa 
  • Step Five Travel to Hungary
  • Step Six Submit biometrics and register accommodation address in Hungary
  • Step Seven Collect residence permit 

Our Services

 

Reach Immigration will guide you through the whole process of this program and will be there to advise you each step of the way; we will mainly provide the following services:

  • Provide you with the consultation on the documents needed for the application 
  • Prepare and revise your file before submission
  • Arrange for your interview at the embassy to submit the application
  • Follow up with the relevant authorities
  • Assistance in Hungary until residence permit cards are collected

FAQ's

Yes, You will be able to apply for the Hungarian permanent residency after 3 years of residency.
Yes, residents will be eligible to apply for Hungarian citizenship in 8 years.
The residency renewal requirements are business related
Hungary is well known to have the lowest corporate tax rate in Europe, which is a flat rate of 9%, also registering a business in Hungary usually takes up to 5-7 days only. It is also a great way to access the European market.
Hungary is a European Union country that is located in Central Europe, sharing its borders with Austria, Slovenia, Croatia, Serbia, Romania, Ukraine and Slovakia. It is made up of 19 counties with an area of 90,530 km2, The total population is 9,8 million, and its capital, Budapest, is the most populous of its cities where The official used language among the locals is Hungarian. Hungary is known for its continental climate with warm dry summers and cold winters. Hungary’s terrain varies greatly between mountains, rolling plains, and dispersed forests, with the highest point in the country being “Kékes“, which has a height of 1,014 metres above sea level.
Yes, Hungary signed the schengen agreement. The residence permits issued by Hungary are valid in all schengen states.
The Hungarian passport is currently ranked 13th according to the Reach Immigration Passport Index, providing access to 180 destinations around the world and is considered one of the most desirable passports as it gives its holder the highest degree of mobility between various destinations.
Hungary’s passport allows entry to 137 countries without a visa according to Reach Immigration Passport Index, and the countries were distributed as follows: Europe:Albania, Andorra, Armenia, Austria, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Fiji, France, Finland, French Guinea, French Polynesia, French west Indies, Georgia, Germany, Gibraltar, Greece, Greenland, Iceland, Ireland, Italy, Kiribati, Kosovo, kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Palau, Poland, Romania, Reunion, Portugal, San Marino, Serbia, Sweden, Switzerland, Ukraine, United kingdom, Vatican. Americas: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Belize, Bermuda, Bonaire Saint Eustatius and Saba, Brazil, British Virgin Islands, Cayman Island, Chile, Colombia, Cook Islands, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, falkland island, Grenada, Guatemala, Haiti, Honduras, marshall islands, Mexico, Montserrat, New Caledonia, Nicaragua, Niue, Panama, Peru, Saint Kitts and Nevis, Saint lucia, Saint Vincent and the Grenadines, Samoa, Slovakia, Slovenia, Spain, Saint Maarten, Turks and Caicos Islands, Uruguay, Vanuatu,Venezuela. Asia: brunei, Hong Kong, Indonesia, Iraq, Israel, Japan, Kazakhstan, Malaysia, Micronesia, northern mariana islands, Palestine, Paraguay, Philippines, Qatar, Singapore, Solomon Islands, South Korea, Taiwan, Thailand, Timor-Leste, Tonga, Turkey, Tuvalu, United Arab Emirates, Uzbekistan, Yemen. Africa: Botswana, Cape Verde, Eswatini, Gambia, Jamaica, Morocco, São Tomé and Príncipe, Senegal, South africa, Tunisia.
Hungary passport allows entry to 43 countries with a visa on arrival according to Reach Immigration Passport Index, and the countries were distributed as follows: Asia: Bangladesh, Bahrain, Cambodia, Iran, Jordan, Kuwait, Laos, Lebanon, Maldives, Papua New Guinea, Saudi Arabia, Tajikistan. Africa: burkina faso, Comoros, Egypt, Gabon, Guinea-Bissau, Kenya, Madagascar, Malawi, Mauritania, Mozambique, myanmar, Namibia, Nepal, Rwanda, Seychelles, Sierra Leone, Somalia, Tanzania, Togo, Uganda, Zambia, Zimbabwe. Americas: Saint Helena Island.
No, you must submit your application through an authorized agent, as applications for residency must be dealt with by certain specialists who have experience and are recognized by the government of the country.
Family members who may be included are the spouse of the main applicant, and all dependent children regardless of their age.
Obtaining Hungary’s residence permit takes an average of 60 days.
Yes, you have to travel to Hungary to submit your biometric information.
Yes, after obtaining a residence permit in Hungary, you or your family members included in the application are entitled to work in the country.
Yes, a Hungary residence permit allows you and your family members to travel through the Schengen area only, without a visa for up to 90 days within a 180-day period.
No, a residence permit in Hungary does not allow you to enter UK, as you will need to apply for a visa to enter the country.
Residence permit in Hungary is valid for one year, you can renew it after that if the necessary requirements are met, including setting up a company during the period of stay.
Residence permit in Hungary is valid for one year, you can renew it after that if the necessary requirements are met, including setting up a company during the period of stay.
You have to stay for at least 6-7 months within one year, after which you can renew your residence permit as long as the company created in Hungary is still operating.
Yes, you must reside for 3 consecutive years to be eligible to apply for permanent residence (conditions apply).
Yes, Hungary allows you to have more than one nationality in addition to its own.
No, parents of the applicant can’t be included in the application.

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