National Permanent Residence Permit (Economic Interest)

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Hungary
About
Requirements
Cost of Living
Expats
Talent Migration

About

To be able to settle down in Hungary, You are supposed to apply for a national permanent residence permit, which can only be granted if:

  1. The applicant has been holding a residence permit with respect to national economic interest for at least 6 months prior to the submission of the application.
  2. The applicant has been holding a residence permit for any purpose for at least 6 months prior to the submission of the application and securities with a total nominal value of 300,000 EUR have been registered.
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Duration

60 months

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Citizenship

60 Month(s)

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Fees

36

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P. Residency

3 Month(s)

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Processing time

8 weeks

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COMPLEXITY

Low

What are eligibility requirements for the National Permanent Residence Permit (Economic Interest)?

8 Eligibility Requirements

  • Applicant must have a place of abode in the territory of Hungary and whose subsistence is ensured.
  • Applicant must have comprehensive healthcare insurance or sufficient financial resources for healthcare services.
  • Applicant must have a residence permit or an interim permanent residence permit.
  • Applicant must have residence is in accordance with the interest of Hungary.
  • Applicant must register total nominal value of 300,000 in economic interest.
  • Applicant must lawfully resided in the territory of Hungary continuously for at least the preceding 6 months before the application was submitted.
  • Applicant must have clean police record.
  • Applicant residence in the territory of Hungary must not constitute a threat to public security or national security.

Which documents do I need to apply for the National Permanent Residence Permit (Economic Interest)?

12 Document Required

  • Complete Application Form.
  • Birth certificate.
  • Marriage certificate, if the applicant is married and it was not submitted during the procedure for issuing a residence permit.
  • Legally binding authorial decision on marriage dissolution.
  • An official document according to the personal right of the minor child about the fact that there is no legal obstacle to the permanent residence of the minor third country national.
  • Deed proving his/her housing in Hungary.
  • Deed proving the entitlement for full health care benefit in Hungary.
  • Certification of clean criminal record issued by the authorities of the country of permanent or usual place of residence prior to the entry of Hungary, which is not older than 6 months.
  • Deed proving future place of residence in Hungary (e.g. lease agreement, deed, declaration of acceptance, etc.).
  • Power of attorney.
  • A photo portrait.
  • Valid travel document such as passport must be presented at the time of application.

Talent Migration data for Hungary

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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