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Investment Immigration: Hungary Business Immigration Program

hungary immigration investor

Hungary is a developed, Central European country, a member of the EU and a signatory of the Schengen Agreement. Hungary also offers a developed world class lifestyle and a vibrant economy with a very low cost of living as compared to other European countries.

An applicant can obtain a Hungarian residence permit by providing justification of National Economic Interest (Requirements can be found in the links below).

Benefits: Hungary Business Immigration Program

An individual possessing a residence permit is entitled to:

  1. Reside in Hungary during the permit’s validity period.
  2. Reside in Schengen Area countries for a period of ninety days once every six months.
  3. Low investment requirements and low risk
  4. No specific requirements regarding business background, source of funding, language skills or education requirements.
  5. No minimum stay is required in order to become eligible to apply for permanent residence.
  6. The applicant and his/her accompanying family members can also benefit from the visa
  7. Access to free education in Hungary
Population (million) 9.88
Country Size 93027 km2
GDP (billion current USD) 239.9 (2014 est.)
Earning per capita (current USD) 24,300
Unemployment Rate 7.1%
Inflation Rate 0%
Passport Meter Click Here
Cost Of Living Click Here

Duration: Hungary Business Immigration Program

The permit will be valid for a period of five years with an option to extend for an additional five years.

Inclusion of family members

Subject to conditions, an applicant seeking national permanent residence in Hungary is entitled to include the following family members in his/her application:
  • Spouse
  • Dependent children
  • Dependent parents

Required Documentation: Hungary Business Immigration Program

  1. Completed application for residence permit.
  2. Description of applicant’s purpose regarding entering and residing in Hungary.
  3. Valid travel documents.
  4. Undertaking to voluntarily depart upon expiry of the permit.
  5. Information concerning applicant’s accommodations in Hungary.
  6. Other prescribed documents.

Processing Time: Hungary Business Immigration Program

Application for permit or extension of permit will be decided within a period of eight days subject to proof of economic interest and completion of all formalities.

Related Links:

Hungary Residence Program Investment Requirements & Cost

Application for National Permanent Residence 

 

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