Table Of Content
About the Hungary Residence Permit Program
The residency program in Hungary offers a unique opportunity for individuals who wish to invest there and take advantage of the thriving business environment in the country. This program is characterized by its simplicity and speedy procedures, along with the option to include family members in the application while providing freedom of movement within all Schengen countries. These inspiring factors make it one of the most attractive programs for investors seeking stability in one of the most beautiful European countries.
Benefits of the Hungary Residence Permit Program
Hungary offers a wide range of benefits and privileges to investors, including:
- The ability to include family members in the residency application, including the spouse and children, regardless of their age (special conditions may apply to children above 18).
- Expedited processing within a period of 3-4 months.
- Obtaining a one-year renewable residence permit in Hungary.
- Freedom of movement for all family members of the primary applicant within the Schengen area.
- Access to benefits within Hungary for the primary applicant and their family, such as healthcare and education.
- Opportunity to establish a business in Hungary.
Hungary Residence Permit Program Requirements
This program stands out for its simplicity in government requirements and flexibility. Applicants are required to take the following steps:
- 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 Of Obtaining Hungary Residence Permit
The expenses include the government fees required for obtaining the residency permit upon application, in addition to the necessary expenditures for establishing the company during the residency period. These expenditures depend on the nature of the company and its requirements.
Process And Steps To Obtain Hungary Residence Permit
- 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
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
Yes, you can apply for Hungarian permanent residency after 3 years of actual residence in Hungary.
Yes, residents can qualify to apply for Hungarian citizenship after 8 years. (Conditions apply)
The requirements for renewing residency in Hungary include proving actual residence within Hungary for a period of 6-7 months per year and proving the place of residence. It's also necessary to maintain a commercial investment and pay tax obligations, appoint at least two employees in the company, and have the necessary income and financial means to cover living expenses within Hungary.
Hungary is known to have the lowest corporate tax rate in Europe, which is 9%. Additionally, the process of business registration in Hungary typically takes only 5 to 7 days, making Hungary a smooth gateway to accessing European markets.
Hungary is one of the European Union countries located in Central Europe. It shares its borders with Austria, Slovenia, Croatia, Serbia, Romania, Ukraine, and Slovakia. The country is composed of 19 counties with a total area of 93,030 square kilometers, and it has a population of approximately 9.8 million people. The capital city is Budapest, which is its most populous city. The official language spoken in Hungary is Hungarian. Hungary is known for its continental climate with warm, dry summers and cold winters. The country boasts diverse landscapes, including mountains, plains, and extensive forests. The highest point in Hungary is Kékes Mountain, which reaches an elevation of 1,014 meters above sea level.
Yes, Hungary is one of the Schengen Area countries. Residency permits issued by Hungary are valid in all Schengen countries.
The Hungarian passport currently ranks 6th according to the Henley Passport Index, which rates passports in terms of their visa-free access to destinations around the world. It provides access to 188 destinations globally, making it one of the most desirable passports for international travel, offering its holders a high degree of mobility between various destinations.
A Hungarian passport allows entry to 142 countries without a visa, according to the Henley Passport Index ranking of passports. The countries are 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 Guiana, French Polynesia, French West Indies, French Indian Ocean Territories, 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, Réunion, Portugal, San Marino, Serbia, Sweden, Switzerland, Ukraine, United Kingdom, Vatican City. Americas: Anguilla, Montserrat, Antigua and Barbuda, Argentina, Aruba, The Bahamas, Belize, Bermuda, Bonaire, Sint Eustatius, and Saba, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Cook Islands, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands, 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 Martin, Turks and Caicos Islands, Uruguay, Vanuatu, Venezuela, Barbados, Curaçao, Suriname, Trinidad and Tobago. Asia: Brunei, Hong Kong, Iraq, 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, Macao, Mongolia. Africa: Botswana, Kenya, Mauritius, Cape Verde, Eswatini, The Gambia, Jamaica, Morocco, São Tomé and Príncipe, Senegal, South Africa, Tunisia.
A Hungarian passport allows entry to 46 countries with a visa on arrival according to the Henley Passport Index ranking of passports, and the most important of these countries are as follows: Asia: Bangladesh, Bahrain, Cambodia, Iran, Jordan, Kuwait, Laos, Lebanon, Maldives, Papua New Guinea, Saudi Arabia, Tajikistan, Indonesia. Africa: Burkina Faso, Comoros, Egypt, Gabon, Guinea-Bissau, Madagascar, Malawi, Mauritania, Mozambique, Myanmar, Namibia, Nepal, Rwanda, Seychelles, Sierra Leone, Somalia, Tanzania, Togo, Uganda, Zambia, Zimbabwe, Burundi. Americas: Saint Helena Island.
Family members who may be included are the spouse of the main applicant and all dependent children, regardless of age.
The procedures for obtaining a residence permit in Hungary typically take between 3-4 months.
Yes, you are required to travel to Hungary to provide your biometric information.
Yes, after obtaining a residence permit in Hungary, you and the family members covered by the application have the right to work in the country.
Yes, with your residence permit in Hungary, you and your family members can travel to European countries without needing a visa upon arrival.
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.
You can stay in Hungary for at least 6 months in order to set up and manage the business.
A residence permit in Hungary is valid for one year, and you can renew it afterward as long as you meet all the previously mentioned requirements.
You must stay for a minimum of 6-7 months within one year, and you can renew the residence permit as long as the company established in Hungary is still operational.
Yes, you need to reside for 3 consecutive years to be eligible to apply for permanent residence (conditions apply).
Yes, Hungary allows you to have dual citizenship in addition to Hungarian citizenship.
No, you cannot include the parents of the main applicant in the residence permit application in Hungary.