Hungary
Permanent Residency Programmes
Hungary offers a Permanent Residency Program that can be accessed through various routes, including investment and business activities. Here’s an overview of the key details:
01
Requirements
- Investment:
- Real Estate Investment: Investing in Hungarian real estate is one way to qualify. The minimum investment is typically around €250,000.
- Business Investment: Another route is through investing in a Hungarian business or establishing a business. This usually requires a substantial investment, often starting from €300,000 to €500,000, depending on the business type and location.
- Residence Permit: Generally, you need to hold a temporary residence permit in Hungary for at least 5 years before applying for permanent residency.
- Language and Integration: Demonstrating knowledge of the Hungarian language and integration into Hungarian society may be required, although this can vary.
- Health Insurance: Proof of health insurance coverage in Hungary is required.
- No Criminal Record: A clean criminal record is necessary.
02
Benefits
Permanent Residency:
- Residency: Grants you the right to live, work, and study in Hungary.
- Travel: Facilitates travel within the Schengen Area for short stays (up to 90 days in a 180-day period).
- Path to Citizenship: Permanent residency can lead to Hungarian citizenship, which usually requires an additional 5 years of residency, though this can vary based on individual circumstances.
- Quality of Life: Hungary offers a good quality of life with a rich cultural heritage, affordable living costs, and vibrant cities.
- Healthcare and Education: Access to Hungary’s healthcare system and educational institutions.
Consulting with an immigration lawyer or expert is advisable to get personalized advice and ensure you meet all the requirements and understand the process fully.
03
Fees:
Application Fee:
The application fee for permanent residency typically ranges from €200 to €500, depending on the specifics of your application and whether you use legal services.
Investment Costs
The primary cost is the investment itself, either in real estate or a business, which generally starts from €300,000.
Legal Fees
If you engage a lawyer or consultancy, fees can range from €2,000 to €5,000 or more, depending on the complexity and services provided.
