Get a living and working permit in the EU now!

If you are a businessman and willing to make a small invest in Eu we want you.

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Live In EU

By a residence permit you can

  • Freely do business with EU countries.
  • Take up jobs or get employed.
  • Freely visit all 26 EU schengen countries, without visa.
  • Spouse and children can be accompanied.
  • Affordable living costs compared to other EU countries.
  • No education requirement or language skills required.
  • No business experience required.
  • No point based immigration system.

How It works?

The EU (Europe union) economy has ever lasting need for more business activity and investments. The Eu in general and Hungary in particular are welcome businessmen and investments from all over the world.
The Eu community welcome those who are able and willing to invest money in the economy.
To encourage investments the Eu is created a wonderful environment for small investors. If you are willing to invest in the Hungarian economy you may get a living permit in the EU

Hungary

Hungary is a EU Schengen member country means free movement of persons (Note: UK is not a Schengen member state and you will need visa to go to UK. If you have a residence permit issued by Hungary, you can apply for UK visa in Budapest). The cost of living in Hungary is cheaper compared to other European countries and you can take advantage of cheaper real estate prices in Hungary.

Currency

The currency in Hungary is HUF (Hungarian Forint) and you can buy approx HUF 28'000 for 100 USD and HUF 31'000 for 100 Euros. Please check the current exchange rate and HUF fluctuates a lot.

Program I

Investing in a fast growing international company who seeking to expand into the Arab region, the company has an average annual return of minimum 5.2%, based on last year’s performance.

What will you get?

  • Shares registered officially on your name in Registrar of Companies
  • You will be also registered as a manager in the company
  • Minimum of 5% annual returns on your investment every year
  • Opportunity for earning extra commission from establishing branch for the company’s products in your own country

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Program II

Our flat package for the 1st year, It includes everything necessary for launching your company, maintaining it for the first year, and applying for residency based on business ownership.

It works!

  • Company incorporation (including all legal fees and registration taxes; documentation in Hungarian and English; bank account assistance; VAT registration; chamber of commerce registration and membership fee)
  • Registered office (address and mail handling for the company, for one year)
  • Business plan writing (compulsory for the residency application to show the viability of the business as well as the applicant’s role in it; our package includes a basic business plan as required for immigration, drafted based on the applicant’s input – please note that in some complex cases preliminary market research may be required, at extra cost)
  • Accountancy (for one year; compulsory for all Hungarian companies)
  • Residence permit application (for one person; liaising with the embassy, compiling the applicant’s file for submission and delivering it via courier)
  • Tax number, registration into the social security system
  • Invitation letter (if required for the applicant’s visit when opening bank account)

The above package covers one director’s residency application related to setting up and running the company for one year.

For additional directors or family members, we offer add-on services:

  • Residency application
  • Tax number registration
  • Social security number application
  • Any personal assistance in Hungary

If the above package does not cover your requirements fully, we will happily compile a customized quote for you.

Approximate living costs in Hungary

The living costs in Hungary is much cheaper compared to western Europe. You will need at least EUR 600 monthly to survive and apartment rentals start from EUR 200 Besides these there are utility bills, which come around EUR 100.

Yes I want to invest and apply for residence permit

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Frequently Asked Questions

Where is Hungary and what is the currency?

Hungary is one of the member of the EU Schengen countries for free movement of persons. The currency in Hungary is HUF (Hungarian Forint) and you can buy approx HUF 28'000 for 100 USD and HUF 31'000 for 100 Euros. Please check the current exchange rate and HUF fluctuates a lot. The beautiful Budapest is the capital of Hungary and over 4 million tourists visit Budapest every year.

What are the approximate living costs in Hungary?

The living costs in Hungary is much cheaper compared to western Europe. You will need at least EUR 600 monthly to survive and apartment rentals start from EUR 200 Besides these there are utility bills, which come around EUR 100

What services you provide in Hungary?

  1. Company incorporation
  2. Housing and Accomodation (must for visa)
  3. Tax and EU VAT registration
  4. Corporate/Business bank account opening in person
  5. Residency permit/visas for family members
  6. Accounting / Reporting to tax authorities
  7. Virtual office service and company seat
  8. Real Estate services
  9. Airport welcome service
  10. Translation from English to Hungarian or vice versa
  11. Personal assistance
  12. Emergency services
  13. Market research

What are the advantages of residence permit issued by Hungary?

  1. Freely do business with EU countries.
  2. Take up jobs or get employed.
  3. Freely visit all 26 EU schengen countries, without visa.
  4. Spouse and children can be accompanied.
  5. Affordable living costs compared to other EU countries.
  6. No education requirement or languge skills required.
  7. No business experience required.
  8. No point based immigration system.

Can I visit UK with the residence permit issued by Hungary?

No. UK is not a Schengen member state and you will need visa to go to UK. If you have a residence permit issued by Hungary, you can apply for UK visa in Budapest.

How do I apply for dependent visa for my spouse and kids?

If you have a valid residence permit, you can apply for "dependent visa" for your spouse, so that she could visit Hungary. The Hungarian authorities take about 3-4 months for approvals. Keep in mind that you have to show available funds in your bank account extra EUR 15'000 per dependent in your bank account.

Is minimum capital contribution needed to form the company?

Yes you need to deposit the capital or declare that you will do it within one year.

How long does the whole process takes?

It generally takes about 3 months for the whole procedure. Because the time taken by authorities are unpredictable, we recommend our clients to apply for Hungary program, well in advance before 6 months.

What is Hungary residence permit? How do I apply for visa or residence permit?

You can apply for residence permit at the embassy of the country where you live, based on the company you formed in Hungary (usually Kft similar like single person owned LLC). The consulate takes 3 months processing time for approvals, and once approved, you will initially given a single entry long term "D" visa to enter Hungary with 30 days validity. It is a national visa and this means you can only enter Hungary directly and not Schengen states. Once you come here, within 3 days you have to report to Office of Immigration with you photo and fingerprints and you will be issued a biometric residence permit. It takes about 20-40 days for the authorities to issue you this card and only in person. This card has validity for 1 year and with renewals every year or once in 2 yrs and its decided by authorities on case by case basis.
With the biometric residence card (credit card type) issued by Hungary, you can travel to Schengen states and can stay up to 90 days in 180 day period.

Can I work with the residence permit issued by Hungary?

Yes. you are free to take up jobs and get employed in Hungary, you will have to negotiate the salary directly with the employers.

Can I apply for Hungary program, if my passport is expiring soon?

We highly recommend clients to have at least more than 6 months validity in their passport, before applying for immigration program in Hungary.

What documents are required?

We will need the following documents to start the process:

  1. Copies of your passport (must be legalized/ apostilled)
  2. Detailed Business plan and list of activities
  3. We will send you Power of attorneys, which should be legalized from Hungary embassy in your country.
  4. Copies of Business contracts, if any...

Note: Please note that a solid business and proof of real housing accommodation are the most important documents to get visa approvals. Apartment search for foreigner is not easy in Hungary as most landlords expect the foreigner in person, which is why we ask 6 month advance payment + 2 month deposit to convince the landlords.

For more information about apostille and where to get in your country, please see: http://www.apostilleinfo.com

Do you provide assistance in writing business plan?

A solid business plan is a very important document and based on this the Hungarian authorities decide for visa approvals. We do provide assistance in writing business plan to our clients, but it is the responsibility of the clients to decide what kind of business, depending on their interest. You have to list the activities of business in your incorporation certificate, when forming a company.

What about taxes in Hungary?

Hungary has strict taxation rules and as of Jan 2012, the rules are even stricter. Hungary has 27% VAT rate and corporate taxes are about 10% minimum. If you are long term resident in Hungary (after receiving residence permit), you have to pay pension contribution, personal income tax, social security contribution and educational contributions to Hungarian authorities on monthly or quarterly basis.

Do you offer refunds, should the visa is refused by authorities?

Usually an appeal can be lodged to the Hungarian authorities, for visa refusals. The Hungarian authorities will give a reason on why the application has been refused. If you have all papers in order without any missing documents, we see no reason why the authorities would refuse the visa.

What if visa or residence application is refused?

If your visa or the residence permit is refused, the Hungarian authorities will give you a reason for the refusal. With this we help you to appeal against the refusal.

Contact Us

Address: H-1095 Lechner Odon Fasor 1-2, Budapest, Hungary
+36 30 514-5352 for more details call us now
email: info@euanchor.com

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