- (Stars Consultancy Ltd 1 Glenburn Road East Kilbride G745BA UK) & (Generäle De Gaulle 11, 80-261, Gdańsk, Poland)
- office@starservices.info
- Mon - Fri : 0900 to 1800
a. I am doing Business in Hungary
b. Business Visas
c. The benefits of a Hungarian residence permit
d. Packages
e. Residency Renewal
f. FAQS
Hungary offers temporary and permanent residence permits to business owners who take an active role in their company as directors. To start the business immigration procedure, we need to set up a Hungarian company, prepare a business plan, and ensure that all requirements for the company’s successful operation are met. Once the director has his permit, the spouse and children can apply for family unification and come to Europe. This program is available to all nationalities.
To be eligible for this program, musted to start and operate a Hungarian company. However, relatively is quite easy to do 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. Suppose you wish to start a business in Hungary or move some of your existing business activity to Europe. In that case, we can assist you in writing a business plan that will satisfy the resident requirements and help you realize your business goals.
To start this procedure, at least briefly, you will have to travel to Hungary to open a bank account for your new Hungarian company. If you already hold a Schengen visa for Europe, you can use that to enter Hungary – alternatively, we can help you acquire a short-term business visa for this purpose.
By acquiring residency in Hungary through business ownership, you and your family can travel freely to and within the Schengen zone and take advantage of Hungary’s low living costs, good business environment, and central European location. Schedule a meeting with one of our business and immigration experts to discuss these benefits and the best procedure for you and your family!
Business immigration: Residence permit through company formation
Choose the package that best suits your business goals and plans in Hungary. Our packages include everything compulsory, with no hidden fees or extras.
Including:
1. Company incorporation (incl. bank account assistance, VAT registration)
2. Registered office and mail forwarding/processing for one year
3. Business plan for residency application
4. Tax number and social security number for the applicant (company director)
5. Residency application (consulting and paperwork assistance)
6. Invitation letter (issued by our company)
In addition to everything in the Starter package, you get the following:
Accountancy for the first six months – Complete with handling up to 3 currency accounts, issuing up to 20 invoices per month, and doing payroll for up to 2 employees.
In addition to everything in the Basic package, you get the following:
Physical office for the first six months – This is an actual office space you can use as often as you wish. You can bring a guest time or rent a meeting room for up to 11 people.
Family unification – Residence permits not only for the CEO but also for two family members (it can include spouse and underage children)
In addition to everything in the Advanced package, you get the following:
Physical office for the first year – This is an actual office space you can use as often as you wish. You can bring a guest or rent a meeting room for up to 11 people.
Family unification – Residence permits not only for the CEO but also their spouse and all underage children.
See our brochure with a comparison table (in English).
Family unification residence permit
Work permit for other directors/staff
VIP client visits with a designated driver/personal assistant
It offers you can spend time on your own or with your clients. This will also contribute to the Hungarian bank account opening procedure since it proves to the bank that you are committed to operating a viable company in the local market.
Hungary is part of Europe’s Schengen zone, providing easy and document-free access to numerous European nations. The cost of living in Hungary is much lower than is true in most of Europe, and a business-friendly economic climate has led to a boom, especially in the nation’s major cities. Clean and efficient, modern Hungary is an excellent place to start a business and raise a family.
No, it is understood that you are a businessperson and may need to travel a lot, especially if you have businesses elsewhere. However, remember that the company’s activities or the proposals made in the business plan may require you to visit Hungary frequently or spend significant amounts of time here. Please discuss this with us to avoid jeopardizing your chances of renewal.
Unlike in some other countries, in Hungary, owning property in itself does not qualify you for residency since, in the application process, we have to show that you have some regular activity (business, employment, or other) in Hungary, so you should be in or travel to Hungary regularly to perform this activity. If you wish to invest in property and get residency, the best option is to set up a company for property management and buy the property through this company.
One director per company can get residency without a work permit if they have an active role in the company running and have the required qualifications/experience. The other directors will need a work permit to become employed with the company, OR the company must have at least three Hungarian employees per additional director.
The average salary in Budapest is around EUR 500-600 net per month; however, as a foreigner, you cannot expect to live on this amount because you also need to consider the cost of rental and starting expenses. Realistically, you should calculate a minimum of EUR 300 per person for accommodation and utilities and another EUR 600-800/per person for living expenses.