Hungary is a landlocked country in Central Europe, situated in the Carpathian Basin. The country is mostly flat with rolling hills and plains. Hungary offers beautiful natural scenery with clear rivers, over 1300 thermal water springs and Lake Balaton, the largest freshwater lake in Central Europe.
Hungary has a relatively dry continental climate with warm summers and relatively cold winters.
The country enjoys political and economic stability and member of the European Union since 2004. Crime rate in the country is low, and violent crime is rare.
Hungary provides universal healthcare for its citizens, and has a well developed private healthcare system as well with world renowned medical professionals. The country offers public and private education for students arriving from all around the world.
Capital city: Budapest
Area: 93,030 km²
Official language: Hungarian
Dominant religion: Christianity
Currency: Hungarian forint
Time zone: GMT+1
Hungary offers 19 different types of residence permits, depending on the applicants’ and their families’ objectives.
Hungarian residency key benefits:
- residency in the EU, free movement in the Schengen area
- immediate family members and parents are included
- no physical residency requirement, even application can be arranged at the respective Hungarian Consulate
Hungarian residency key requirements:
- min EUR 250.000 investment to the Hungarian economy, can be both direct investment to any industry or investment bonds of a domestic regulated asset management fund
- min EUR 30,000 proof of funds to finance daily life without working income is required preferably on a Hungarian bank account
- confirmation of health insurance;
- accommodation in Hungary;
- clean criminal record
- national security risk evaluation
- filling out of application forms with copies of personal ID cards
- contract for accommodation (residential lease contract or agreement for courtesy use of flat)
- confirmation of health insurance for 365 days
- confirmation of income and financial coverage
- investment bond contract and fund manager certificate