At Visa24.hu, we believe in showcasing the practical success of our visa and residency services through case studies.
Case Studies: Real-Life Scenarios
While these examples are fictional, they represent real-world situations we regularly help clients navigate. Our experienced team offers personalized guidance through every step of the process, ensuring clients reach their goals efficiently. Below are five detailed case studies that demonstrate the process for various visa and residency programs we offer.
Case Study 1:
Obtaining a Golden Visa through Real Estate Investment
Client Overview:
Name: David
Country: South Africa 🇿🇦
Profession: Entrepreneur
Program: Hungary Golden Visa (Real Estate Investment) ðŸ‡ðŸ‡º
Challenge:
David, a successful entrepreneur from South Africa, wanted to relocate to Europe with his wife and two children to diversify his investments and enjoy visa-free travel across the Schengen Area. After exploring various options, David chose Hungary for its relatively low property prices and business-friendly environment.
Process:
1. Initial Consultation: During the consultation, Visa24.hu experts reviewed David's financial situation and confirmed his eligibility for the Golden Visa.
2. Property Selection: David decided to invest in a €550,000 residential property in Budapest’s upscale District II. Visa24.hu assisted him in finding a reliable real estate agent and legal support for the transaction.
3. Due Diligence: The team conducted a thorough background check to ensure that David met all the program’s legal requirements.
4. Application Submission: Visa24.hu helped David prepare the necessary documents, including financial statements, passport copies, and proof of investment. The application was submitted to Hungarian immigration authorities.
5. Approval: Within six months, David and his family received their residence permits, allowing them to reside in Hungary and travel visa-free throughout the Schengen Area.
Outcome:
David successfully relocated to Hungary and enjoys a more flexible lifestyle with his family. He has also set up a new business in the country, benefiting from Hungary’s favorable tax regime.
Case Study 2:
Application for a Digital Nomad Visa for a Remote Worker
Client Overview:
Name: Sarah
Country: United States 🇺🇸
Profession: Graphic Designer (Freelancer)
Program: Hungary Digital Nomad Visa (White Card) ðŸ‡ðŸ‡º
Challenge:
Sarah is a U.S.-based graphic designer who works remotely for clients worldwide. She was looking for a cost-effective, culturally rich country where she could live while continuing her freelance business. Hungary's Digital Nomad Visa (White Card) program was a perfect fit.
Process:
1. Eligibility Check: Sarah’s income met the visa’s requirement of at least €3,000 per month. She provided the necessary documentation, including tax returns and proof of her freelance contracts.
2. Proof of Accommodation: Visa24.hu assisted Sarah in securing a one-year rental contract for a Budapest apartment, fulfilling the accommodation requirement.
3. Document Preparation: The team helped her gather all the required documents, including bank statements showing €10,000 in savings and health insurance for her stay.
4. Application Submission: Visa24.hu submitted Sarah’s application to the Hungarian consulate, along with all the required paperwork.
5. Approval and Relocation: Within three months, Sarah’s application was approved, and she moved to Budapest, enjoying a vibrant lifestyle while continuing her freelance career.
Outcome:
Sarah is now living in Hungary, enjoying visa-free travel in the Schengen Area while growing her freelance business. She plans to extend her visa for another year.
Case Study 3
Business Residency through Company Registration
Client Overview:
Name: Michael
Country: Canada 🇨🇦
Profession: Tech Entrepreneur
Program: Hungary Business Residency ðŸ‡ðŸ‡º
Challenge:
Michael, a Canadian tech entrepreneur, wanted to establish a European base for his startup and gain residency in the EU. Hungary’s business-friendly environment and competitive corporate tax rate of 9% made it an attractive option.
Process:
1. Company Registration: Michael worked with Visa24.hu to register a Hungarian limited liability company (Kft) with an initial capital investment of €7,700. The company was designed to serve as a European hub for his tech startup.
2. Proof of Economic Activity: Visa24.hu helped Michael draft a comprehensive business plan, outlining his company’s potential to contribute to the Hungarian economy.
3. Document Preparation: Michael provided proof of sufficient income to support himself (€1,500 per month) and his business. Visa24.hu assisted him in gathering and notarizing all required documents.
4. Submission and Approval: After the application was submitted, the Hungarian government conducted due diligence. Within five months, Michael received his residency permit.
5. Expansion and Residency: Michael established his office in Budapest and hired three local employees within the first six months of operation, strengthening his case for future permit renewals.
Outcome:
Michael is now living in Hungary and expanding his tech startup into the European market. He enjoys the benefits of a low corporate tax rate and access to European talent.
Case Study 4:
Residency for a Retiree through Property Investment
Client Overview:
Name: Maria
Country: Brazil 🇧🇷
Profession: Retired Doctor
Program: Hungary Golden Visa (Real Estate Investment) ðŸ‡ðŸ‡º
Challenge:
Maria, a retired doctor from Brazil, wanted to retire in Europe to enjoy a better quality of life and access to high-quality healthcare. Hungary’s relatively low cost of living and excellent healthcare system appealed to her.
Process:
1. Property Selection: Maria wanted to invest in real estate to qualify for the Hungary Golden Visa. Visa24.hu helped her find a beautiful €600,000 villa in the Hungarian countryside.
2. Eligibility Verification: Maria’s financial situation was reviewed, and Visa24.hu confirmed she met the Golden Visa requirements.
3. Legal Assistance: Visa24.hu handled all the legal paperwork for Maria, including the property purchase and residency application.
4. Application Submission: All documents were prepared, and the application was submitted to Hungarian authorities.
5. Approval and Relocation: Within six months, Maria was approved for the Golden Visa. She now lives in Hungary and enjoys visa-free travel within the Schengen Area.
Outcome:
Maria has settled comfortably in her Hungarian villa and appreciates the peace of mind that comes with EU residency. She frequently travels to nearby European countries and is considering applying for permanent residency in a few years.
Case Study 5:
Remote Software Developer Obtains Digital Nomad Visa
Client Overview:
Name: Alex
Country: Australia 🇦🇺
Profession: Software Developer
Program: Hungary Digital Nomad Visa ðŸ‡ðŸ‡º
Challenge:
Alex is an Australian software developer working remotely for a tech firm in New Zealand. He was looking for an affordable yet centrally located country in Europe to live and work remotely.
Process:
1. Visa Qualification: Alex’s monthly income exceeded €3,000, making him eligible for Hungary’s Digital Nomad Visa. He contacted Visa24.hu to get help with the application process.
2. Housing and Documentation: Visa24.hu assisted Alex in securing a rental agreement for a central apartment in Budapest. The team also gathered Alex’s employment contract and bank statements.
3. Application Submission: Visa24.hu helped Alex submit his digital nomad visa application to the Hungarian consulate in Australia.
4. Approval: The visa was approved within three months, and Alex relocated to Hungary shortly after.
5. Living in Hungary: Alex now enjoys working remotely from Budapest while traveling around Europe during his free time.
Outcome:
Alex plans to renew his Digital Nomad Visa and is enjoying the benefits of living in Hungary, such as the affordable cost of living and easy access to other European destinations.
These case studies illustrate the wide range of visa and residency programs available through Visa24.hu. Whether you’re an investor, entrepreneur, retiree, or remote worker, our team of experts is here to guide you through the process and help you achieve your goals. Contact us today to discuss your unique situation and explore your options.
Disclaimer:
The case studies presented here are example scenarios created by combining real experiences from our previous cases. For privacy and clarity, names, locations, and specific details have been changed. These edits allow us to showcase a wider range of real-life challenges in just a few examples, providing more valuable and informative content for our readers. While these scenarios reflect real issues and solutions we’ve handled, the case studies should be considered illustrative and not direct representations of actual individuals.