Hungary’s EU membership gives you visa-free access to the Schengen Area for up to 90 days in any 180-day period, perfect for networking and expanding your business across Europe.
Affordable Business Setup:
Starting a company requires a minimum share capital of just €7,700, making it accessible for young entrepreneurs.
Support for Startups:
Hungary offers tax incentives and government grants for new businesses, especially in tech and innovation sectors.
High Quality of Life:
With a low cost of living, top-notch healthcare, and a rich cultural scene, you’ll love building your career here.
Path to Residency:
Starting a business can lead to a residence permit, and after 3 years, you can apply for permanent residency, opening doors to long-term opportunities.
How Non-EU Nationals Can Start a Business in Hungary?
Starting a business in Hungary as a non-EU student is straightforward. Here’s a step-by-step guide to get you going:
Complete Your Studies:
Finish your degree at a Hungarian university. As a student, you’ll already have a residence permit for study purposes, valid for the duration of your program.
Apply for a Job-Seeking or Business Residence Permit:
After graduation, you can apply for a residence permit for job-seeking or starting a business. This permit allows you to stay in Hungary for up to 9 months to plan your venture.
Register Your Company:
Set up a company (like a limited liability company, or Kft.) with a minimum share capital of €7,700. You must register with the Hungarian Court of Registration and provide a business plan.
Secure a Business Residence Permit:
Once your company is registered, apply for a business residence permit. You’ll need to show proof of your business activities, sufficient funds, and a registered address in Hungary.
Explore the Golden Visa Option:
If you have some capital, consider the Hungarian Golden Visa. By investing €250,000 in a real estate fund or €1,000,000 as a donation to a higher education institution, you can secure a 10-year residence permit, renewable for another 10 years. This is perfect for serious entrepreneurs looking for long-term stability.
Grow Your Business:
With your permit, you can operate your business, hire employees, and tap into Hungary’s thriving economy.
The entire process, from application to residence permit approval, typically takes 4-8 weeks, and the government’s online platform, Enter Hungary, makes it super user-friendly.
As a non-EU student, you’re not just studying in Hungary, you’re building a future. Whether you dream of launching a tech startup or opening a boutique, Hungary’s business-friendly environment, supportive policies, and amazing lifestyle make it the perfect place to start.
