How to Move to Hungary? (Residence Permits EU and non-EU Citizens)
21.5 هزار بار بازدید -
3 سال پیش
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How to Move to Hungary
How to Move to Hungary (residence permit EU and non-EU citizens
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00:00 Intro
00:50 Hungary overview
02:08 Residence Permit in Hungary (EU citizens)
If you are an EU citizen you can just come to Hungary without much planning. If you want to stay more than 3 months in the country you need to register your stay. You will need an address to register your stay but this is a pretty straightforward process. You don’t need to get a visa or deal with embassies before actually coming to Hungary.
The day you apply you will already get a card regarding your registration in Hungary and a few weeks later you can expect your address card by post, which is also an important document in Hungary
02:43 Residence Permit in Hungary(non-EU citizens)
-The most common types of residence permits in Hungary are for employment, or if you have a family member in the country. For employment, it is easier to get a residence permit if you are are working in some sector with high demand like IT. There are many companies in Hungary that will actually sponsor a visa, since there is a shortage of workers in many sectors of the economy.
-One huge advantage of Hungary, which exists also in some other EU countries but not in all of them is: if you come from a visa exempt country and you find some reason to stay in Hungary like finding a job or studies, you can apply for a residence permit directly in Hungary, you don’t have to apply it through the embassy. This is only possible for passport holders from visa exempt countries such as the UK, the US, Canada, Australia, some countries in Latin America and some in Asia.
03:52 Business Residence Permit in Hungary
The easiest way to get a residence permit in Hungary as an independent person is by opening a company in the country.
This is a viable way to get a residence permit for a non-EU citizen who is planning to reside in Hungary, regardless if he intends to be a self-employed person or running a business with employees.
There are a few requirements that you should meet as well: such as presenting a business plan for your activities, or if the activities have already started, a balance sheet of the company’s operations.
You also have to prove you are qualified to run the company’s operations, and show you have sufficient funds to run your company in Hungary and cover your stay.
Considering only EU countries in the Schengen area, Hungary is one of the easiest places to come as an independent businessman, as the requirements are much lower than in most countries in the bloc.
This is also a viable solution if you are a retiree, as you can buy real estate in the country and rent it through your company, guaranteeing the income for the company to run and at the same time your residence permit in the country.
04:58 Hungary Permanent Residence Permit
If you stay long enough in Hungary on a temporary permit basis you will be able to apply for a permanent residence permit.
In most cases, after residing 3 years in Hungary you will be able to apply for a permanent residence permit. If you want to apply for the long term EU residence status in Hungary, you will need to live 5 consecutive years in the country.
The permanent residence permit has a number of advantages compared to the temporary one. The main advantage is that you don’t need to reside in Hungary most of the year in order to renew it. The renewal is also not necessary on a yearly basis once you have PR.
05:35 Hungary citizenship
Getting Hungarian citizenship may be a great thing, especially if you do not possess any other European citizenship.
In normal circumstances, you will need to live in Hungary for 8 years to be eligible for citizenship. There are some other requirements such as passing a test on basic constitutional studies. There are some exceptions that may reduce the time requirement as well.
One advantage of Hungary compared to some other countries in the region is that the country allows dual citizenship in most cases, including for those going through the naturalization route.
People of Hungarian origin are in many cases also eligible for Hungarian citizenship. So if you have some Hungarian ancestry there are good chances of getting citizenship by descent.
06:17 Advantages of living in Hungary:
-Location.
-Cost of Living.
-Part of the EU, Schengen.
-Not using the euro currency.
07:51 Disadvantages
-Taxes: taxes can be a disadvantage in Hungary, but they can also be an advantage, depending on your type of income.
-Difficult language.
-No seaside: another disadvantage that may be a problem for some is the fact that Hungary is a landlocked country.
-Forint: the Hungarian currency can be a disadvantage for some.
Book a consultation call: https://calendly.com/traveleconomics/...
Contact me: https://checkinprice.com/contact/
Check our other videos: @traveleconomics
00:00 Intro
00:50 Hungary overview
02:08 Residence Permit in Hungary (EU citizens)
If you are an EU citizen you can just come to Hungary without much planning. If you want to stay more than 3 months in the country you need to register your stay. You will need an address to register your stay but this is a pretty straightforward process. You don’t need to get a visa or deal with embassies before actually coming to Hungary.
The day you apply you will already get a card regarding your registration in Hungary and a few weeks later you can expect your address card by post, which is also an important document in Hungary
02:43 Residence Permit in Hungary(non-EU citizens)
-The most common types of residence permits in Hungary are for employment, or if you have a family member in the country. For employment, it is easier to get a residence permit if you are are working in some sector with high demand like IT. There are many companies in Hungary that will actually sponsor a visa, since there is a shortage of workers in many sectors of the economy.
-One huge advantage of Hungary, which exists also in some other EU countries but not in all of them is: if you come from a visa exempt country and you find some reason to stay in Hungary like finding a job or studies, you can apply for a residence permit directly in Hungary, you don’t have to apply it through the embassy. This is only possible for passport holders from visa exempt countries such as the UK, the US, Canada, Australia, some countries in Latin America and some in Asia.
03:52 Business Residence Permit in Hungary
The easiest way to get a residence permit in Hungary as an independent person is by opening a company in the country.
This is a viable way to get a residence permit for a non-EU citizen who is planning to reside in Hungary, regardless if he intends to be a self-employed person or running a business with employees.
There are a few requirements that you should meet as well: such as presenting a business plan for your activities, or if the activities have already started, a balance sheet of the company’s operations.
You also have to prove you are qualified to run the company’s operations, and show you have sufficient funds to run your company in Hungary and cover your stay.
Considering only EU countries in the Schengen area, Hungary is one of the easiest places to come as an independent businessman, as the requirements are much lower than in most countries in the bloc.
This is also a viable solution if you are a retiree, as you can buy real estate in the country and rent it through your company, guaranteeing the income for the company to run and at the same time your residence permit in the country.
04:58 Hungary Permanent Residence Permit
If you stay long enough in Hungary on a temporary permit basis you will be able to apply for a permanent residence permit.
In most cases, after residing 3 years in Hungary you will be able to apply for a permanent residence permit. If you want to apply for the long term EU residence status in Hungary, you will need to live 5 consecutive years in the country.
The permanent residence permit has a number of advantages compared to the temporary one. The main advantage is that you don’t need to reside in Hungary most of the year in order to renew it. The renewal is also not necessary on a yearly basis once you have PR.
05:35 Hungary citizenship
Getting Hungarian citizenship may be a great thing, especially if you do not possess any other European citizenship.
In normal circumstances, you will need to live in Hungary for 8 years to be eligible for citizenship. There are some other requirements such as passing a test on basic constitutional studies. There are some exceptions that may reduce the time requirement as well.
One advantage of Hungary compared to some other countries in the region is that the country allows dual citizenship in most cases, including for those going through the naturalization route.
People of Hungarian origin are in many cases also eligible for Hungarian citizenship. So if you have some Hungarian ancestry there are good chances of getting citizenship by descent.
06:17 Advantages of living in Hungary:
-Location.
-Cost of Living.
-Part of the EU, Schengen.
-Not using the euro currency.
07:51 Disadvantages
-Taxes: taxes can be a disadvantage in Hungary, but they can also be an advantage, depending on your type of income.
-Difficult language.
-No seaside: another disadvantage that may be a problem for some is the fact that Hungary is a landlocked country.
-Forint: the Hungarian currency can be a disadvantage for some.
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