Hungary’s new immigration law, effective from March 1, 2024, has introduced significant changes to the country’s residency permit system. The new law aims to streamline the process for obtaining residency permits and to attract skilled workers and investors to Hungary. Here’s a detailed look at the key aspects of Hungary’s new immigration law and the 24 types of residence permits it offers.
Highlights of Hungary’s New Immigration Law:
The new immigration law in Hungary, which came into effect on March 1, 2024, introduces 24 different types of residence permits, including 8 for employment-related purposes. These permits are designed to cater to the needs of both highly skilled and low-skilled workers, but do not include specific categories for investors.
Validity Extension for Residence Permits: The new law also includes provisions for the automatic extension of the validity of residence permits expiring between January 1 and February 29. These permits will be automatically extended until April 30, providing applicants with additional time to renew their permits.
Golden Visa Program: One of the notable introductions of Hungary’s new immigration law is the “golden visa” program. Starting from July 1, 2024, this program will offer a guest-investor visa and residence permit to individuals willing to invest a minimum of €250,000 in real estate in Hungary. Successful applicants will be granted a residence permit valid for 10 years.
Stricter Rules for Guest Workers: Under the new law, guest worker residence permits will only be granted to individuals employed in specified occupations by specified employers from specified countries. Furthermore, these permits can only be extended for a maximum of 3 years. After this period, a new application must be submitted.
Types of Residence Permits in Hungary:
- National Residence Permit
- Residence Permit for Voluntary Activities
- Visas for Seasonal Workers
- Residence Permit for Studies
- Residence Permit for Family Reunification
- Residence Permit for Official Purposes
- Residence Permit for Medical Treatments
- Residence Permit for Carrying Out Scientific Research
- Temporary Residence Permits
The introduction of these 24 types of residence permits aims to provide a more structured and flexible framework for individuals seeking to live and work in Hungary. Whether you are a skilled worker looking for employment opportunities or an investor interested in the golden visa program, Hungary’s new immigration law offers various options to suit your needs.
If you are considering relocating to Hungary and require assistance with the immigration process, Satguru education is here to help. Our job search services can also assist you in finding the right job abroad. With our support, you can navigate the complexities of Hungary’s immigration system and make your move to Hungary a smooth and successful one.