Client testimonial

Besides company setup, Helpers helped me with my successful application for residency in Hungary. I didn’t have to worry about anything while my papers were handled by Helpers!

PERCY ACHHPILIA India

Blog/News

The Business Premium Virtual Office service has arrived

The Virtual Office service is an essential element of worry-free company formation in Hungary. Now, based on feedback from our clients, the original service has been extended with several new features to create the Business Premium Virtual Office package. Read below to learn what’s new!

The lowest corporate tax rate in Europe

Only 9% is payable regardless of how much your turnover or profit is. Although some countries apply higher corporate tax rates to companies with higher profit, there is no such rule in Hungary. This means that you can take advantage of the lowest corporate tax rate in Europe regardless of your business volume.

Useful Tips

Hungary offers one of the fastest and cheapest solutions for business immigration to Europe. If you run an international business that needs a European base – and you need to spend a lot of time in Europe as a result – Hungary is a great option for you.

Business immigration in Hungary

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 also apply for family unification and come to Europe. This program is available to all nationalities.

Doing business in Hungary

In order to be eligible for this program, you need to start and operate a Hungarian company. This is quite easy to do, however, 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. If you wish to start a business in Hungary or move some of your existing business activity to Europe, we can assist you in writing a business plan that will satisfy the residency requirements and also help you realize your business goals.

Business visas

To start this procedure, you will have to travel to Hungary at least briefly, 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.

The benefits of a Hungarian residence permit

By acquiring residency in Hungary through business ownership, you and your family will be able to travel freely to and within the Schengen zone, and take advantage of Hungary’s low living costs, favorable 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!

Pricing

Business immigration: residence permit through company formation

Standard package: EUR 3,990 (+VAT if applicable)

Including:

  • company incorporation (incl. bank account assistance, VAT registration)
  • registered office and mail forwarding / processing for one year
  • business plan for the purposes of residency application
  • tax number and social security number for the applicant (company director)
  • residency application (consulting and paperwork assistance)
  • invitation letter (issued by our company)
  • housing search (one apartment)

Standard + accountancy package: EUR 5,990 (+VAT if applicable)

In addition to everything in the standard package, you get the following:

  • accountancy for the first year — complete with handling up to 3 bank accounts, issueing up to 20 invoices per month, and doing payroll for up to 2 employees.

Premium package: EUR 7,990 (+VAT if applicable)

In addition to everything in the standard package, you get the following:

  • office search – finding an office where you and your employees can operate the business
  • recruitment – of one employee, who can assist launching your business as your personal assistant, process orders, or carry out secretarial tasks.

Additional related services:

  • family unification visa for the applicant’s family members: EUR 600 (+VAT)/person
  • work permit and resident permit for additional directors/staff: EUR 600 – 990 (+VAT)/person
  • VIP client visits with a designated driver/personal assistant: from EUR 250 (+VAT)/day

Residency Renewal

  • Residency Renewal Package for main applicant: EUR 1,000 (+VAT), with business plan update included
  • Residency Renewal for spouse: EUR 600 (+VAT)
  • Residency Renewal for minor child: EUR 300 (+VAT)

Please contact us to receive a comprehensive price quote!

FAQs

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, bear in mind that the company’s activities or the proposals made in the business plan may require you to visit Hungary frequently or to spend significant amounts of time here. Please discuss this with us, in order to avoid jeopardizing your chances of renewal.

For a full list of frequently asked questions about business immigration and doing business in Hungary, please click here!

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 in order 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 he/she has an active role in the running of the company and has 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/person for living expenses.

Ask for a Quote

Since every business is different, please contact me to discuss your business and immigration plans, so we can design the best solution and procedure for you!

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