Business - details

Hungary provides both temporary and permanent residence permits to business owners who actively participate in their company as directors. To begin the business immigration process, we will need to establish a Hungarian company, prepare a business plan, and ensure that all operational requirements are met. Once the director receives their permit, their spouse and children can apply for family unification and join them in Europe. This program is open to individuals of all nationalities.

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.

Hungary provides a welcoming environment for foreign entrepreneurs and self-employed individuals who wish to establish or expand their businesses within the European Union. One of the key pathways to achieve this is through the "Residence Permit for Guest Self-Employment." This visa category is specifically designed for individuals seeking to engage in self-employment activities that contribute to Hungary’s economic growth. To qualify for this residence permit, applicants must meet specific requirements. They need to demonstrate that their purpose for staying in Hungary is self-employment and show evidence that their activities will have a positive economic impact. Applicants must also prove they have sufficient financial resources to support themselves during their stay without relying on public assistance. Additionally, they are required to provide proof of appropriate accommodation in Hungary and comprehensive health insurance coverage.

The application process for the "Residence Permit for Guest Self-Employment" can be initiated either from abroad or within Hungary. If applying from abroad, individuals must submit their application at a Hungarian consulate or embassy in their home country or country of legal residence. For those already legally residing in Hungary, the application can be submitted directly to the National Directorate-General for Aliens Policing (NDGAP). The required documentation includes a completed application form, a valid passport, proof of self-employment activities, evidence of financial means, proof of accommodation, and health insurance documentation. The residence permit is usually granted for up to three years and can be renewed as long as the applicant continues to meet the necessary conditions. It is essential to apply for an extension at least 30 days before the current permit expires to avoid any disruptions. Permit holders are allowed to reside in Hungary and engage in self-employment activities as outlined in their application.

However, they are also required to adhere to Hungarian laws, fulfill tax obligations, and maintain regular communication with immigration authorities to ensure compliance with all legal requirements. Hungary warmly welcomes foreign entrepreneurs and recognizes their contributions to its cultural and economic landscape. The "Residence Permit for Guest Self-Employment" offers a structured and supportive framework for individuals who wish to establish a presence in Hungary while benefiting from its strategic location within the European Union.