Becoming a resident in Hungary
can be a good business or personal decision. The cost of living is relatively lower than in other European Union member countries and it is also easier to acquire a residence permit in Hungary
. It is also a party to the Schengen Agreement which allows residence residents to travel to and from member states. You can also avail of either a temporary residence permit or one that is permanent. Our experts in company formation in Hungary
can assist you in obtaining your residence permit.
EU and non-EU citizens in Hungary in 2021
The requirements for obtaining a residence permit in Hungary
for citizens of the European Union are different from those that are not. For EU citizens, all they need is a registration card which they can obtain from the Immigration Office. The registration card will be valid for as long as the purpose for acquiring it is ongoing. For non-EU citizens, they will first need to acquire a visa
at the Hungarian Consulate which they can use to enter the country. The visa is only valid for 30 days. During this time, you must apply for a Hungarian residence permit
at the Immigration Office. The residence permit granted will only be valid for one year. We have experts
in company registration in Hungary
that can also guide you on which residence permit you need.
Please mind that if you are a citizen of the United Kingdom (UK), starting with 2021 new immigration regulations will apply, since the UK is no longer part of the European Union (EU). For those who are UK citizens who legally resided in Hungary prior to 1st January 2021, the obligation to apply for a new Hungarian National Permanent Residence Permit is imposed. This has to be done no later than 31st December 2021 and the obligation is also extended to other family members residing with you in Hungary.
Company formation in Hungary
Hungary offers a great deal for businessmen who wish to invest
in the country. By forming a company in the country with a minimum capital
of 10,000 euros, you will be allowed to reside in Hungary
along with your family. If you invest at least 300,000 euros in government bonds, you will be granted a permanent residence permit valid for five years. Just approach our experts on how to open a company in Hungary.
Eligibility for Hungarian residence permit
There are many grounds on how to become eligible for a Hungarian residence permit. For example, if you are a citizen of a member country of the European Economic Area and you have legally and continuously resided in Hungary for five years, you are eligible for a permanent residence permit. For citizens of non-member states of the European Economic Area, as long as you are not prejudicial to the public health and security, or national security, you may be granted a temporary residence permit.
Our experts in company formation in Hungary
can also provide information on how to obtain a residence permit. Just get in contact