Last week a new golden visa program was announced in Hungary, going live in 2024 (exact date not known yet). However, Hungarian residency is already available based on real estate investment. Should you wait for the new program, or should you act now? Read on to find out.
Today, the Hungarian government has published plans to introduce a new golden visa option for investors (known in Hungarian as “guest investor residence permit”), making this the latest and most attractive investment residency program in the EU.
Motor third party liability insurance is required for every motor vehicle running on public roads in Hungary. This type of insurance is called KGFB in Hungarian, and you can switch providers once a year: in November.
The ETIAS and the EES are electronic administrative systems that were meant to provide better European border control. Their introduction has again been pushed back, this time to the end of 2024.
According to the results of the last census, the number of foreign nationals living in Budapest as well as Hungary has been growing steadily over the last 20 years. In some of the more popular districts, almost a quarter of the residents are foreigners.
The yellow check in Hungary is in fact a postal payment slip that lets people without a bank account complete payments. Learn how it works.
While fall is warm and mild this year, we are already in the season where heaters will inevitably be switched on all over Hungary. Since temperature is an essential element of an appropriate working environment, heating at the office will play an important role in the health as well as the productivity of your employees.
Yes, Hungary allows not only dual, but also multiple citizenships. There is no limit on the number of countries you can be a citizen of beside Hungarian citizenship. However, there is a few things you should watch out for.
If you leave Hungary before you reach retirement age, you do not get a refund on these taxes. However, you will be compensated depending on where you retire.
Citizens have an address card to state where they live, while third country nationals have an accommodation slip. If you move to a new place, your data should be updated with the Immigration Office. Starting from this year, you can do that fully online.
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