Hungary is a landlocked country in Central Europe. Its capital, Budapest, is bisected by the Danube River. Its cityscape is studded with architectural landmarks from Buda’s medieval Castle Hill and grand neoclassical buildings along Pests Andrassy Avenue to the 19th-century Chain Bridge. Turkish and Roman influence on Hungarian culture includes the popularity of mineral spas, including at thermal Lake Heviz
Hungary offers temporary and permanent residence permits to business owners who take an active role in their company as directors. To start the business immigration procedure, we need to set up a Hungarian company, prepare a business plan, and ensure that all requirements for the company’s successful operation are met. Once the director has his permit, the spouse and children can also apply for family unification and come to Europe. This program is available to all nationalities.
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 acquiring residency in Hungary through business ownership, you and your family will be able to travel freely to and within the Schengen zone, and take advantage of Hungary’s low living costs, favorable business environment, and central European location. Schedule a meeting with one of our business and immigration experts to discuss these benefits and the best procedure 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)
Watch our video
Follow M-J Global
Get in touch
Would you like to speak to one of our immigration expert over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.