The Most Frequently Asked Questions in Our Business

There are three investment options:

• Real Estate: A minimum of €500,000.
• Real Estate Fund: A €250,000 minimum investment in government-approved funds.
• Donation: A €1,000,000+ donation to an institution of higher learning.
  These investments must be maintained for a specified period, depending on the chosen option.

Navigating visa and residency applications can be a complex and time-consuming process. Our dedicated team alleviates the stress by managing all aspects of document preparation for you. We gather, organize, and prepare the necessary paperwork, including financial records, identification documents, property investment proofs, and legal certifications. Once prepared, we handle the submission to the appropriate government agencies, ensuring your documents meet all formal requirements and are submitted in a timely and precise manner.

Hungary offers one of the lowest tax rates in the European Union. Personal income tax is set at 15%, while corporate tax is only 9%. Additionally, there are no wealth or inheritance taxes. Depending on your specific situation, our legal team can advise you on the best ways to optimize your tax obligations while residing in Hungary.

The application process typically takes around 6 to 8 months. This includes the preliminary due diligence check, preparation of documents, submission to the authorities, and the final issuance of the residence permit. Visa24.hu will assist you at every stage to ensure smooth and timely processing.

Yes, you can apply for Hungarian citizenship after holding permanent residency for at least eight years. During this period, you must spend a minimum of 183 days annually in Hungary and pass a basic test in Hungarian language and history.

The Hungary Business Residency Program allows entrepreneurs and investors to obtain residency by starting a business in Hungary. By registering a legal entity such as a limited liability company (Kft) or a joint-stock company (Rt), applicants can secure a residency permit. The program is designed for individuals who wish to operate a business in Hungary and benefit from its low corporate tax rates and strategic location.

To qualify, applicants must register a company in Hungary with a minimum capital of €7,700. The company must engage in legitimate business activities and generate sufficient income (approximately €1,500 per month) to support the applicant. The program also requires that the business benefits the Hungarian economy, such as by creating jobs or engaging in trade.

The Digital Nomad Visa, also known as the White Card, is designed for non-EU citizens who work remotely for a company based outside of Hungary. This visa allows digital professionals to live in Hungary while continuing to work for foreign employers or run online businesses. The visa is valid for one year and can be extended for an additional year.

Applicants must:

• Be employed by a company located outside the European Union or operate their own foreign business.
• Have a monthly income of at least €3,000.
• Provide proof of housing in Hungary, such as a rental contract.
• Demonstrate sufficient savings (minimum €10,000 in a bank account).
  This visa is particularly suited for individuals in tech, design, marketing, and other remote-working professions.

The Digital Nomad Visa is initially granted for one year, with the option to extend for an additional year. It does not lead to permanent residency or citizenship, but it allows you to live in Hungary and travel throughout the Schengen Area during your stay.

 

No, the Digital Nomad Visa is specifically designed for individuals, and family members cannot be included in the initial application. However, your spouse and children can apply for separate visas under different visa categories, such as family reunification.

 

To apply, you will need the following:

• A valid passport with at least 12 months of validity.
• Proof of employment or business registration outside the EU.
• Bank statements showing a minimum of €10,000 in savings.
• A rental contract or proof of accommodation in Hungary.
• Health insurance covering the period of stay in Hungary.

The business residency program offers numerous benefits:

• Low Corporate Tax: At 9%, Hungary’s corporate tax rate is the lowest in the EU.
• Visa-Free Travel: Residency allows visa-free travel across Schengen countries.
• Work Flexibility: You can manage your business in Hungary while enjoying the benefits of residency.
• Family Residency: Your spouse and children can also receive residency permits under this program.

Path to Permanent Residency: After living in Hungary for three years, you may qualify for permanent residency.

 

Yes, but only after the required holding period, typically five years, depending on the specific investment option. Selling the property before this period could result in the cancellation of your residence permit.

 

It’s important to choose the visa program that best fits your situation. While it is possible to apply for different visa programs, such as the Golden Visa and Business Residency Program, we recommend discussing your specific needs with our legal team to determine the most suitable route.

 

Before submitting your application for any visa or residency program, we conduct a thorough due diligence process to ensure that you meet all eligibility requirements. This includes checking your financial status, background, and criminal records. This step significantly increases the likelihood of your application being approved.

 

A Hungary residence permit allows you to live and work in Hungary but does not grant work rights in other EU countries. If you wish to work in another EU country, you will need to apply for a work permit or residency in that specific country.

 

You can contact us through our website, by phone, or via email for more personalized support. We offer consultations to discuss your specific circumstances and determine the best visa or residency option for you.

 

Visa24.hu provides comprehensive support throughout the entire visa and residency application process. Our services include:

• Legal Consultation: Our experts assess your eligibility and provide tailored advice.
• Document Preparation: We help you gather and organize the necessary documents for your application.
• Application Submission: We submit the application on your behalf and liaise with Hungarian authorities to ensure everything runs smoothly.
• Post-Approval Support: Once your visa is approved, we assist you with settling in Hungary, opening bank accounts, and more.