Hungary Immigration Programs
In Hungary, there are two types of immigration programs possible for business investors.
1. Hungary Business Immigration
Hungary is EU zone schengen member country in Central Europe. The capital is Budapest, a beautiful tourist destination and the national currency is Hungarian Forint (HUF). The cost of living in Hungary is much cheaper compared to other european countries and you can take advantage of cheaper real estate prices in Hungary.
How it works?
We offer business immigration program to our clients to move to Hungary. Just form a new company in Hungary and as a business owner, you can move to hungary with your family. The most popular form of company among foreigners is Kft (single person owned like LLC). The minimum capital required is approx $2700 (500,000 HUF) to form a company, but most people take a short term loan for this capital. The company formation is very fast and usually it takes 1-2 weeks. Hungary is a business friendly country and corporate taxes are 10% for small scale companies. Hungarian companies are given VAT number and are required to file taxes every year, based on your worldwide income.
Once company formation is done, and all papers are obtained, non EU persons can apply for long term visa at the Hungary embassy in your country. You will be initially given 30 day C entry visa to enter Hungary, and once you are in Hungary, you will be given residence permit in the form of biometric residence card. This “temporary” residence card allows you to stay in other european schengen countries and stay there for upto 90 days in 6 month period. The residence card is valid for 1 year and after that yearly renewals are done. After 5 years of stay in hungary, you are eligible to apply for “Permanent residence card”.
We charge a flat fee of EUR 6500.- We can assist you with power of attorneys, company formation in hungary, opening bank accounts, obtain residence permits, visa formalities, accomodation.
Please visit our new website: http://www.hungary-immigration.com for detailed information about this program.
2. Hungary Permanent Residence (PR)
Hungary has launched a new immigration program for investors. You can get fast Hungary Permanent Residence (PR) if you invest EUR 250,000 in Government bonds against which a PR for 5 years is issued. In additon to investment amount, there are additional costs of EUR 50,000. The total amount comes to 300,000 euros (approx). With the PR issued by Hungary, you can travel to all schengen countries visa free.
For more information, please see our new hungary website: http://hungary-permanent-residence.com