Hungary is a landlocked country in Central Europe. The Danube River divides Budapest, the nation’s capital. From Buda’s medieval Castle Hill to the opulent neoclassical structures along Pests Andrassy Avenue to the 19th-century Chain Bridge, the cityscape is dotted with notable architectural structures. The popularity of mineral baths, notably those at hot Lake Heviz, is a result of Turkish and Roman cultural influence on Hungarian society.
About Hungary Residency by Investment Program
Business owners who actively participate in their company as directors are eligible to apply for both temporary and permanent residence permits in Hungary. We must establish a Hungarian company, create a business plan, and make sure that all conditions are met for the company to operate successfully before we can begin the business immigration process. The spouse and kids can apply for family unification and travel to Europe once the director receives his permit. All nationalities are welcome to participate in this program.
Doing business in Hungary
In order to be eligible for this program, you need to start and operate a Hungarian company. This is quite easy to do, however, because Hungary offers a very favorable business environment, with a low corporate tax (9%), cheap and convenient company formation, a central location in Europe and within the Schengen zone, and relatively low living and operating costs. If you wish to start a business in Hungary or move some of your existing business activity to Europe, we can assist you in writing a business plan that will satisfy the residency requirements and also help you realize your business goals.
The benefits of a Hungarian residence permit
By obtaining residency in Hungary through company ownership, you and your family will be able to benefit from the country’s low cost of living, welcoming business environment, and central European location. You will also be able to travel freely to and within the Schengen area. Make an appointment with one of our immigration and business specialists to go over these advantages and the best course of action for you and your family.
Just form a new company in Hungary, you can immigrate to Hungary as a board member or director through business investment. The minimum investment including all costs required is EUR 50,000 for non-EU foreign citizens. The most popular company form among foreigners is LLC (or Kft in Hungarian). The minimum capital required to form a company is approx EUR 10,000 (HUF 3,000,000). One of the advantages of incorporating a company in Hungary is that there is no obligation to deposit the share capital in the bank, and 100% of this capital can be spent immediately after incorporation on company-related expenses (e.g. investment, warehouse rental, stocks, market research).
- Locally registered, fully compliant company with a bank account and accountancy
- At least one short visit to Hungary (for opening a company bank account)
- Solid business plan and actual trading activity (in Hungary or internationally)
- Rented or purchased accommodation
- Full travel insurance or (after residency is acquired) local state health insurance
- Verifiable income from the business and/or from other sources
- No-criminal-record certificate issued by your local authority (or police)
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