These days many countries–like Australia, the US, Hong Kong, Denmark, etc.–have been aggressively drawing business professional from across the world to overtake or start a new business venture in their respected countries, then what makes Hungary stand apart from the aforementioned economically well developed countries?

The answer is simple: the nation has many features going in its favor such as:

• It is a member of the European Union (EU) and the Schengen Zone, an entry opens the doors of future possibility of easy entry into Europe and the Schengen Zone.
• Comparatively cost of living is low here, which means migrants can save more.
• As compared to other European countries, Hungary Immigration is not only less expensive but is less tedious also.

Now before we talk about Hungary Business visa, let’s take a look of the country’s profile!

It is a beautiful land-locked country located in Central Europe. Since its inception, it has seen many ups and downs and supported Axis power during the World War II, and due to this it had to face severe causalities and damage. It was only in the late 90s that the nation was declared as a Parliamentary Republic, and today it has successfully become a developed nation with a comparatively High Human Development Index (HDI).

If the country attracts you, and you think your business skills will be most valued there, then you may invest there. The popular form among the foreign investors is KFT (owned by a single person LLC). Inquisitive business professional may start a company with an investment of at least EUR 10,000. Country’s Business Immigration Programme is one of the fastest and the most reliable immigration programmes and does not take more than two weeks.

The nation is economically strong and the most business friendly country in Europe where for small scale its corporate tax is fixed to 10% and each company is issued a VAT number even the company owner has to submit annual tax based on their annual income.

Once a company is formed, and all necessary papers are obtained, applicant may apply for a long term visa in the country of their stay. Initially, an applicant is issued a ‘C’ category visa to enter the nation with a validity of 30 days. Once you have entered the country, a ‘Biometric Residence Card’ is issued in your name which works as your residence permit.

Using this card, you can live in the EU and the Schengen Zone as well for up to three months during the duration of six months. The card is valid for one year and post the duration, the applicant has to apply for a renewal. Once you have successfully lived and worked in Hungary for not less than five years, you may apply for Hungary Permanent Residency (PR).