RESIDENCE PERMIT OF HUNGARY

ADVANTAGES OF ‘HUNGARIAN RESIDENCE PERMIT’

Residence Permit of Hungary will offer opportunities for a secure life to your family and prosperous future to your children in the Europe. Hungarian Residence Permit holders are legally entitled to live, work full time or part time in any job sector, study, do business and even buy property in Hungary. Hungarian Residence Permit holders don’t require visa to travel within the Schengen zone countries and are entitled to stay upto 90 days in any Schengen zone country. Hungarian Residence Permit holders can legally buy a residential or commercial property in their name without having to buy and own via the Kft type of company.

ADVANTAGES OF HUNGARIAN PERMANENT RESIDENCE PERMIT

A Hungarian Residence Permit holder can obtain the Hungarian Permanent Residence Permit after five years of ‘continuous legal stay’ in Hungary without violating the residence permit rules. Hungarian Permanent Residence Permit holders are entitled to the same legal rights as of Hungarian nationals with the ‘exception’ to vote in any election, to stand in any election and to join the Hungarian military or police. The Hungarian Permanent Residence Permit has following advantages: Hungarian Permanent Residence Permit holders don’t require visa to travel within the EU and Schengen zone countries and are legally entitled to stay more than 90 days. Hungarian Permanent Residence Permit holders are entitled to live, work full time or part time in any job sector, study, do business and buy property in any EU country. Hungarian Permanent Residence Permit holders are entitled to get ‘social aid and support’ in the event of unemployment, disability, unable to work due to an accident, raising children, paying rent to a flat and tax relief. Hungarian Permanent Residence Permit holders, who are retired, pregnant or with a child below 7 years of age or two children below 15 years of age are entitled to get free insurance to obtain free medical treatment and to buy prescription medicines. Hungarian Permanent Residence Permit holders can get ‘social aid’ for giving birth to a baby in Hungary and Hungarian Permanent Residence Permit mother can get ‘social aid’ for not being able to work due to child birth, child care and child welfare. Hungarian Permanent Residence Permit holders and their children are entitled to get free education in schools and colleges, provided the study language is Hungarian. Hungarian Permanent Residence Permit parents can get aid for textbooks when their child starts schooling. Hungarian Permanent Residence Permit holders can buy a residential or commercial property in their name without having to buy and own via the Kft type of company. Hungarian Permanent Residence Permit holders are entitled to get state pension after retiring. The pension is determined based on the salary earned and contribution to the state pension system.

ADVANTAGES OF ‘HUNGARIAN CITIZENSHIP’

Hungarian citizenship is the highest level of legal residence status that can be attained by a Non-EU national. Compared to Hungarian Permanent Residence Permit, which entitles to almost all the legal rights as Hungarian national, the Hungarian citizenship offers much more significant advantages as below: Hungarian citizenship entitles a Non-EU national to get passport of Hungary. Hungarian passport holders don’t require visa to travel within the EU and Schengen zone countries and are legally entitled to stay more than 90 days in any EU country. Hungarian passport holders are legally entitled to live, work full time or part time in any job sector, study, do business and buy property in any EU or Schengen country. Hungarian passport holders do not require a ‘visit visa’ to travel to several Non-EU countries including the USA, Canada, Australia and New Zealand. Hungarian passport holders are entitled to vote in any election, to stand in election and eligible to join the Hungarian military or Hungarian police. Hungarian passport holders are entitled to get the Hungarian identity card.

BUSINESS IMMIGRATION

Would you like to start your business in Europe? Would you like to buy a business in Europe? Would you like to invest in a business in Europe? Would you like to access the European Business Market? Would you like to do ‘Visa Free’ business travel in Europe?

If you have answered YES to any of the above questions, You can legally immigrate and start business in Hungary Hungary is a EU member country

If you wish to immigrate to the ‘Hungary’ to start your business, on behalf of you, we will register limited liability company, known as K.f.t (Korlátolt felelősségű társaság) in Hungary. We will prepare and provide ‘necessary documents’ for you to apply for the Residence Permit of Hungary at the Hungarian Embassy in your home country on the basis that you hold a legally ‘registered K.f.t’ in Hungary and would like to move to Hungary to live and do business. We will guide you through the immigration process with understanding and attention to details of your documents and circumstances. To start your business in Hungary, the company laws do not require you to have large sum of capital, detailed business plan, experience, minimum number of Hungarian citizens to be employed in the business and a Hungarian Citizen to be a ‘Sleeping Partner’ as required in the Middle East and some EU countries. This legal freedom is very important in starting your business in the Europe. No other country in the Europe can provide this freedom other than Hungary. Hungary offers excellent ‘business opportunities’ in the Central Europe. Hungary has established manufacturing industries, developed infrastructure, low production costs and favourable geographic location in the Europe for fast distribution of product and service. After Hungary’s accession into the EU, many multinational and European companies are starting ‘business operations’ in Hungary. Since 2004, there has been major influx of foreign direct investments into Hungary as the investors appreciate the fall of trade tariffs and quotas. This favourable business climate in Hungary has led to the sound growth of trade between Hungary and the EU countries as well as many Non-EU countries such as China, India, Vietnam, Malaysia and Japan. After obtaining the ‘Hungarian Residence Permit’, you are legally entitled to live and do business in Hungary. With a registered Hungarian company, you can sell goods or provide services to general public, businesses and companies. You should be prepared to adapt and manage the demands of your new life in a new country. It will help you to enjoy the way of life in Hungary.

BUSINESS OPPORTUNITIES IN HUNGARY

Large Scale: Electrical, Electronics, Automotive, Plastic, Chemicals, Pharmaceutical, Computer Hardware, BioTechnology, Genetical Engineering, Software Development, Data Maintenance, BPO Call Centers, Mortgage and Financial Services. Medium Scale: Hotels, Motels, Resorts, Apartments, Offices, Industrial Buildings, Conference Centers, Warehousing, Logistics, Import and Export Services, Customs Clearance, Financial Planning and Accounting Services. Small Scale: Restaurants, Cafes, Pubs, Takeaways, Pizza Parlours, Outdoor Catering, Apparel Shops, Jewelry Shops, Convenience Stores, Newspaper Marts, Gas Stations, Auto Service, Ethnic Grocery Stores, Travel Agents and Organic Vegetable Shops.

COST ADVANTAGES OF DOING BUSINESS IN HUNGARY

Rental Cost: The cost of renting a commercial property or office space is ‘affordable’ when compared with other EU countries. Also, due to the property development, you could expect state-of-the-art facilities and business services in Hungary. Employee Cost: When compared with the other EU countries, employee wages are very much reasonable in Hungary. There will be no problem in recruiting ‘highly skilled’ and ‘skilled’ workers with the required qualifications and experience. It does help you to provide better service at affordable price than your competitors. Administrative Cost: It can be deducted before pre-tax profit. You can buy a car on behalf of your company and the costs such as petrol, insurance, road tax, service and even parking fees will be considered as expenses of the company. It will help you to reduce the tax on profit to be paid to the government. Travel Cost: Hungary is conveniently located at the centre of Europe and you can easily reach other EU countries. Within 2-4 hours, you can reach Germany, Austria, Poland and Slovakia. Within 4-6 hours, you can reach Italy, Switzerland, France, Spain, Belgium, the Netherlands, Hungary and Romania. Within 6 to 8 hours, you can reach Asia by air! It will be of help to market and develop your business.

TAX ADVANTAGES OF DOING BUSINESS IN HUNGARY

According to the laws, a registered company doing business in Hungary should fulfill the following requirements every year:

Record and maintain account books as required by the company laws. Submit annual report and pay required tax on profit to the tax office. Reply official letters and inquiries made by the government offices.

If your company makes profit by doing business, your company must pay 19% tax on gross profit. However, there are legal ways of reducing tax and maximize your profit. For example, you can include your house rent and expenses as benefits offered by the company in a contract and enable you to reduce the tax to be paid on gross profit.

PROPERTY INVESTMENT Would you like to buy an apartment in Europe? Would you like to buy a holiday home in Europe? Would you like to buy a retirement house in Europe? Would you like to do property investment in Europe? Would you like to do ‘Visa Free' travel in Europe?

If you have answered YES to any of the above questions, You can legally immigrate and buy property in Hungary Hungary is a EU member country

With safe political system, promising economy, modest inflation and low interest rate, Hungary offers fabulous investment opportunities for property investors, homebuyers and even those who like to buy holiday house or retirement house in the Europe. Surely, this fabulous investment opportunity must not be missed. If you wish to immigrate to the Hungary to buy property start your business, on behalf of you, we will form limited liability company, known as K.f.t (Korlátolt felelősségű társaság) in Hungary. We will prepare and provide ‘necessary documents’ for you to apply for Residence Permit of Hungary at the Hungarian Embassy in your home country on the basis that you hold a legally ‘registered K.f.t’ in Hungary and would like to move to Hungary to live and buy property. We will guide you through the immigration process with attention to details of your documents and individual circumstances. PROPERTY INVESTMENT OPPORTUNITIES Apartments, Houses, Bungalows, Villas, Studio, Country Houses, Retirement Houses, Offices, Shopping Malls, Hotels, Motels, Resorts, Agricultural Land and Industrial Plots. Also, Property Development and Construction Projects can be performed. STUDY IMMIGRATION If you are thinking or even preparing to study abroad, you may be planning to study in the US, UK, Canada, Australia or New Zealand. Do you know that you can study the same course in Hungary for half of the cost? After joining the European Union (EU), Hungary offers world-class education and research facilities at affordable cost with rich cultural, social and historical heritage to create unforgettable studying experience. Besides, no Non-EU country can match the living experience of Europe that will enrich your life as a student. If you don’t have outstanding academic background, big financial resources and high proficiency in English, you will stand no chance of securing admission in a college or university in the US, UK, Canada, Australia or New Zealand. Unlike mind-boggling admission procedures of universities and colleges in the US, UK, Canada, Australia or New Zealand, the universities and colleges in Hungary offer uncomplicated admission criteria. Also, these days, getting a ‘student visa’ to the US, UK, Canada, Australia or New Zealand has become very cumbersome and quite similar to winning lottery. Your student visa application to the USA, UK, Canada, Australia or New Zealand can possibly be refused by the embassy for whatsoever reason without giving you any specific explanation in writing! Majority of the aspiring students, who plan to study in the US, UK, Canada, Australia or New Zealand are hoping to get a job and work permit to legally live and work after completing their courses. In the process, they pay huge tuition fee and feel uncertainty about their future even before the course completion. The local ‘job experts’ predict a sluggish economic growth for next decade in the US, UK, Canada, Australia or New Zealand. It will make matters worst for the aspiring students as they may not get a job and work permit to live and work in the US, UK, Canada, Australia or New Zealand. However, if you are eligible, you can apply and obtain the ‘Residence Permit’, which will entitle you to live, work and study in Hungary. You can also pursue your higher education by paying a reasonable tuition fee, low cost of living and enjoy the freedom to work full time or part time. Hungary is interested in attracting ‘Non-EU students’, who are eager to live and work after studying due to the booming economy, aging population and people retiring from the work force. According to ‘Organisation for Economic Co-operation and Development (OECD)’, education in Hungary rank 21st best in the world. Hungary has one of the ‘developed education system’ in the Europe. Majority of the colleges and universities in Hungary teach in Hungary and English. University of Budapest is one of the most prestigious universities in the Europe. Graduating from a ‘university or college’ in Hungary will help you to get a job in any EU country as the courses are recognized worldwide. If you wish to study abroad, it is better to immigrate and study in Hungary. You are not required to learn Hungarian language to be able to enrol into a course, but it still remains as an option, as studying in Hungarian language is free of all tuition fees. In the last few years, studying Medicine, Dentistry and Engineering courses in Hungary is gaining popularity among the ‘Non-EU students’ from South Asia and India after Hungary has become a member country in the enlarged EU in 2004. There are several universities and international colleges in Hungary offer the higher education, which is grouped into Bachelors, Masters and PhD courses. Some colleges and universities in Hungary conduct an entrance exam to test the academic knowledge of prospective students before admission. It is possible to prepare for such entrance exams well in advance. STUDY OPPORTUNITIES IN HUNGARY Medicine: M.B.B.S, B.D.S, B.P.T, B.O.T, B.Pharm, B.Sc.-Nursing, M.D.S, M.P.T, M.O.T, M.Pharm, M.Sc.-Nursing and Post Graduation Courses. Engineering: Aeronautical Engineering, Auto Engineering, Biomedical Engineering, Chemical Engineering, Communications Engineering, Civil Engineering, Electrical Engineering, Electronics Engineering, Genetic Engineering, Mechanical Engineering. Bachelor’s, Master’s and PhD or Doctoral Programmes: Physics, Chemistry, Mathematics, Botany, Zoology, Microbiology, Bio-technology, Bio-informatics, Law, Information Technology, Visual Communication, Economics, Journalism, Hotel and Catering Management, Business Management, Fashion Designing and Sociology. World Class Education at Affordable Cost: In Hungary, the approximate course fee for studying Medicine is €9,000 per year, for studying Engineering is €6,000 per year and for doing PhD is €3,000 per year. Students from all over the world come to study various courses in Hungary, as the fees are reasonable and courses are recognised. Once you are in Hungary, you can go to university or college, study Hungarian and do part time job or work full time during the weekends and holidays. It will help you to gain work experience, learn Hungarian, pay your course fees from the earnings and even save money. You must be prepared to adapt, work hard, learn, save as you can and cope with the demands of student life in a new country. SECOND RESIDENCY ‘Residence Permit’ of the Hungary can be obtained and used as a ‘Second Residency' Permit. ‘Second Residency’ means that you can acquire the legal right to visit and live in Hungary without having to relocate to Hungary from your home country. It is possible for you and your family members to obtain Hungarian Residence Permit and use it as a ‘Second Residency’ Permit under the following personal circumstances or business preference: You want to obtain the ‘Hungarian Residence Permit’, and continue to live in your home country without entirely relocating to Hungary to live and work. You want to obtain the ‘Hungarian Residence Permit’, but don't want to live in Hungary for more than couple of weeks in a year. You want to obtain the ‘Hungarian Residence Permit’ to visit Hungary as and when you want without having to obtain the visa every time. You want to obtain the ‘Hungarian Residence Permit’ to visit Schengen member countries as and when you want without having to obtain ‘Schengen visa’ every time. You want to obtain the ‘Hungarian Residence Permit’ for the purpose of ‘visa free’ leisure travel within the Schengen countries including Switzerland. You want to obtain the ‘Hungarian Residence Permit’ to visit Schengen member countries as and when you want for business purpose without having to obtain a visa. You want to obtain the ‘Hungarian Residence Permit’, and think that it is your advantage over others to get a suitable ‘job position’ and desired ‘salary’. You are working in the Information Technology (IT) industry and want to obtain the ‘Hungarian Residence Permit’, which will help you to travel to any Schengen member country as and when required for ‘On-Site Job’ without having to wait for a visa. ADVANTAGES OF HOLDING ‘SECOND RESIDENCY’ The ‘Second Residency’ can give you and your family a complete peace of mind and sense of security if you are a citizen of a country, where the government is unstable and day-to-day life is lawless. The ‘Second Residency’ can directly help you to reduce your tax and indirectly save you huge amount of money, if you are a citizen of a country, where ‘taxation’ is high. Hungarian Residence Permit holders don’t require visa to travel within 25 Schengen zone countries and are entitled to stay upto 90 days in any Schengen zone country. ‘Hungarian Residence Permit’ holders can legally buy a residential or commercial property in their name without having to buy and own via the K.f.t type of company.