Immigrating to Hungary by buying a property
What are the conditions for migrating to Hungary by purchasing a property in 2018? This article gives you a brief overview of immigration to Hungary.
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Hungary is a country in the heart of Europe
As you know, buying a property in South Korea is one of the ways to invest in this country, but maybe it is better to know a little about this country before taking any actions in this regard. South Korea is a country located
Investment in real estate
Recently, the real estate market in Budapest has significantly grown. Official forecasts inside the country indicate that property prices in Budapest will expand by about 15% annually in the coming years. The investor can also benefit from renting the property. Because Hungary, and especially Budapest, is a student and tourist city, so renting a residential property will be pretty convenient, safe, and fast.
You must register your company in Hungary after purchasing the property. Also, registering a company in this country does not require specific documents, and your identity and financial certificates are enough. You do not need to rent an office to register a company. You must travel to Hungary at least once to register a bank account for your company. Then, you can start your business in this country. The main activity of your company will be renting, buying, and selling properties because you have already purchased at least two properties in this country. The registering and finalizing of your company process will take between two to three working days. The best way to make money in this process is to rent a property because you must make money for your company to extend your residence. However, as soon as your company automatically receives an EU VAT number, you can expand your economic and business activities and participate in any other type of business and economic activity.
If you have a stable income with a complete business plan in Hungary according to this process, you can apply for your residence and your family residence. You will receive your permanent residency after five years.
The duration of obtaining Hungarian residency by property purchase
The whole process of getting a residence in Hungary will take about two to three months from the time you purchase your property and receive the document until you receive your residence card.
Special study conditions for immigration to Hungary by property purchase
When you receive a residence permit in Hungary, your spouse and children below 18 can also apply for a residence permit in the “family unification” process. You can enroll your children in Hungarian public or private schools. Tuition fees in public schools are free. If your children are over 18, you can enroll them in Hungarian universities such as Semmelweis University, Patch, Szeged, Debrecen, etc., and apply for a student visa for them.
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