How to obtain a Hungarian residence permit

Obtaining a residence permit (HND) in Hungary opens the doors to the heart of Europe, providing unique opportunities to live, work and do business. Hungary, with its rich cultural heritage, favorable climate and stable economy, is becoming increasingly attractive to foreign nationals looking to find a new home or expand their business horizons. In this article, we will detail the steps required to obtain a residence permit in Hungary to make the process as simple and straightforward as possible for you. Whether you're planning a move for family reasons, looking for career prospects or seeking a new adventure, our guide will help you navigate the legal and bureaucratic intricacies standing in the way of your new beginning in Hungary.

Hungary

Hungary is a country in Central Europe known for its rich cultural heritage and diverse natural beauty. The country is famous for its thermal springs, ancient cities and picturesque landscapes. Hungary's capital city, Budapest, is often referred to as the "Pearl of the Danube" due to its magnificent architecture and many historical sites. Hungary is also known for its culinary and wine-making traditions, offering guests a unique gastronomic experience.

Climate

Hungary has a moderately continental climate with distinct seasons. Summers are usually warm and sunny, with average temperatures around 25-30 degrees Celsius. Winters can be cold, especially in January and February, when temperatures can drop to -10 degrees Celsius and below. Spring and autumn are characterized by mild and pleasant weather, making these seasons particularly popular for travel and outdoor activities.

Population

Hungary has a population of about 9.6 million people. Hungarians make up the vast majority of the population, but the country is also home to various national minorities, including Germans, Romanians, Slovaks and others. Hungary prides itself on its cultural diversity and hospitality, making it an attractive destination for immigrants and tourists from around the world.

National Language

The official language of Hungary is Hungarian, which belongs to the Finno-Ugric group of languages. Hungarian is characterized by its unique grammar and vocabulary, making it quite difficult for foreigners to learn. However, most Hungarians, especially in major cities and tourist areas, also speak English, making communication easier for visitors.

National currency and exchange rate for 2024

The national currency of Hungary is the forint (HUF). In 2024, the exchange rate of the forint to the US dollar ranges from 300 to 350 forints to 1 dollar. These rates can vary depending on economic conditions and fluctuations in international financial markets, so it is important to keep up to date before making exchange transactions.

Advantages of obtaining a residence permit

Obtaining a residence permit (HND) in Hungary provides foreign citizens with many advantages. Firstly, it is the possibility of free movement in the Schengen zone countries without the need to obtain additional visas. Secondly, Hungary offers favorable conditions for business and investment, which makes it attractive for entrepreneurs. A residence permit also provides access to high quality medical and educational institutions, as well as the possibility of long-term residence in a country with a rich culture and a high level of security. In addition, Hungary is a great place for those who appreciate a quiet and comfortable lifestyle.

Cost of obtaining a residence permit

The cost of obtaining a residence permit in Hungary under the investment program starts from 250 000 euros. This amount includes investments in the country's economy, which can be made through the purchase of real estate, the creation of a business or other forms of investment approved by the Hungarian government. Additionally, administrative and legal fees may apply, so it is important to prepare all the necessary financial resources in advance and consult with professional advisors for a successful completion of all stages of the process.

Timeframe for obtaining a residence permit

The process of obtaining a residence permit (HND) in Hungary usually takes up to 2 months. This period includes submitting all required documents, passing the checks and reviewing the application by the relevant state authorities. If all the requirements are met and the documents are submitted correctly, the procedure can go quite quickly and without delays. It is important to prepare in advance and consult with professional lawyers or agencies specializing in immigration issues to minimize possible difficulties and speed up the process of obtaining a residence permit.

Stages of obtaining a residence permit

Checking the possibility of obtaining a residence permit

The first step in the process of obtaining a residence permit in Hungary is to carry out an eligibility check. This includes assessing your personal and financial data, meeting the program requirements and determining the most appropriate way to obtain a residence permit. It is recommended to consult with a legal professional or immigration agent to understand all the nuances and requirements.

Collection of documents

At this stage, it is necessary to collect all the necessary documents to apply for a residence permit. This may include passport, birth certificates, family status documents, medical certificates and other important papers. The documents must be translated into Hungarian and certified as required by the immigration authorities.

Criminal record check

In order to obtain a residence permit in Hungary, a criminal record check is required. This includes obtaining certificates of no criminal record from all countries where the applicant has lived for more than six months. These certificates must also be translated and properly certified.

Proof of income

It is necessary to provide proof of sufficient income to live in Hungary. This can be a bank statement, tax returns or documents proving a stable source of income, such as a job contract or business ownership documents.

Payment for counseling services and obtaining a residence permit

The final step is to pay all necessary fees and services related to obtaining a residence permit, including state fees and consulting services. After that, all the collected documents are submitted and the process of their review begins. If the outcome is positive, you will receive a residence permit in Hungary and can start your new life in this country.

Banks in Hungary

There are several large banks operating in Hungary, providing a wide range of financial services for citizens and residents of the country. Among them:

• OTP Bank - Hungary's largest bank offering a variety of services including accounts, loans and investment products.
• MKB Bank - one of the leading commercial banks specializing in serving corporate clients and individuals.
• Takarek Bank - a savings bank network offering lending and savings services.
• Budapest Bank - a bank with a wide range of services for private and corporate clients.
• MagNet Bank - Hungary's first social bank emphasizing sustainability and transparency in banking.

Frequently asked questions

What level of Hungarian is required for a residence permit?

One of the main legal conditions for obtaining a Hungarian residence permit under the simplified procedure is a conversational level of Hungarian.

What is the best currency to take to Hungary?

If you are planning a trip to Hungary, it is better to have with you popular world currencies - US dollars or euros.

What does buying an apartment in Hungary give?

Buying real estate in Hungary gives the right to get a residence permit in the country.

What gives a residence permit in Hungary?

Permanent resident status allows you to live, work and use medical services in Hungary. Foreigners with a permanent residence permit have the same rights as Hungarian citizens, except for the possibility to participate in elections.