INSIGHTS

Having or not having higher education – Business immigration possibilities according to the new Hungarian immigration act

Previously we talked a lot about the new golden visa program in Hungary, which name is guest-investor residence permit. We checked the major changes and saw a comparison of the ICT and the simple work permit. Beside these amendments, there are many other changes which have influence on the business immigration. In today’s article we […]

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Is it back!? The Hungarian Golden Visa program is back in force

On 12 December, the Hungarian Parliament passed a law to re-regulate the residence of third-country nationals in Hungary. One of the most exciting new features is the introduction of the guest investor visa and residence permit, which is already known as the “Hungarian Golden Visa”. In this article we briefly look at what it is […]

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Briefly on foreign citizens purchasing property in Hungary

Basically, with a few exceptions, such as agricultural land, non-Hungarian citizens are free to buy property in Hungary. However, the obstacles faced by nationals of different countries differ as to whether a special permit is required. Cases where no special permit is required for non-Hungarian citizens to purchase real estate. The following cases do NOT […]

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Minimum wage and guaranteed minimum wage from 2023

The mandatory minimum amount of basic pay (minimum wage) changes in an unusual way during the year – from  December 1st, 2023. The minimum wage from the December 1st of 2023 HUF 266 800 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 326 […]

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STEP DIRECTORY – Hungary

   STEP DIRECTORY – HUNGARY professional licensed trustee ad-hoc trustee Type of trust Revocable, testamentary or inter vivos, discretionary or non-discretionary, private or charity Revocable, testamentary or inter vivos, discretionary or non-discretionary, private or charity Who can be settlor Anyone (corporate or private, local or foreign) Anyone (corporate or private, local or foreign) Limitation of […]

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