Support Programs for Startup Companies in Hungary

This article deals with both governmental and non-governmental support to startup companies in Hungary. Special focus is also paid to the mitigation of COVID-19 pandemic. 1. Governmental support of the startups The startups in Hungary have various opportunities to obtain help from either Government or other funds. In the conditions of Hungary, works one organization called Young Entrepreneurs Association Hungary (Fiatal Vállalkozók Országos Szövetsége or FIVOSZ). FIVOSZ provides information related…

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Accommodation guide for residence permit applicants

Accommodation in Hungary is an essential condition to get residence permit and visa as well. This article provides you information on eligible premises and the documents most commonly accepted as proof of accommodation. I. Why do you need to arrange accommodation? When you apply for a Hungarian visa or residence permit the authorities will ask you to submit proof of accommodation. The reason behind this requirement is that the authorities…

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EC permanent residence permit

After a certain period of staying in Hungary the possibility of permanent residency may arise. One way to achieve this is to apply for an EC permanent residence permit the major features of which we attempt to summarize in this article. 1. Permanent residency in Hungary The relevant legislation defines the scope of third-country nationals who are considered residents in Hungary as the ones in possession of either an interim…

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Acquiring Hungarian Citizenship by naturalization

Naturalization is one of the titles of the acquisition of Hungarian citizenship, which is available for non-Hungarian individuals who have not previously held Hungarian citizenship. There are additional types of naturalization due to the fact that, in some cases, the legislation provides preferential conditions. Our article focuses on traditional naturalization and gives specifics on preferential cases as well. “There shall be no discrimination between Hungarian citizens on the basis of…

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FAQ – Hungarian Immigration Law (VISA, Residence Permit etc.)

In this article we collected the answers to the questions often occurring regarding Hungarian immigration procedures and immigration law. If you are thinking about staying in Hungary – whether short or long term – we believe you will find this list useful. Before you jump onto the list please note that immigration law in Hungary is a complex field of law and each type of visa, residence permit and permanent…

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Doing Business in Hungary – 5 Most Important Legal Facts

In its recent economic survey of Hungary, the Organization of Economic Cooperation and Development (OECD) highlights a convincing picture of the country’s economic achievement. New Civil Code in Hungary Act V. of 2013 on Civil Code (New Hungarian Civil Code) came into force on 15/03/2014, and it implemented some fundamental changes in the Hungarian private law system. The New Hungarian Civil Code is based on the most recent EU standards,…

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Immigration Law – Long-term stay in Hungary

This article contains a summary of permits in possession of which third-country nationals are allowed to stay in Hungary for more than three months, including information on how to obtain those or what makes one eligible to receive one. Section 13 of the act II of 2007 on the admission and right of residence of third-country nationals provides a list of permits one of which third country nationals must be…

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Software Protection in the USA

The first time a software was created software protection has become unquestionably important. A software counts as an intellectual property. In the United States, intellectual property laws exist to protect aspects of computer programs. There are four types of intellectual property; patents, trademarks, copyrights, and trade secrets. When it comes to deciding how to protect the ideas that were transformed into computer code it is often necessary to choose a…

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Verifying the purpose of residence

The purpose of the stay is an important aspect of residency in Hungary for third-country nationals.  It is not only required by law to justify the purpose of entry and stay but from a practical point of view it is essential for choosing the right forms to submit. Attaching a birth certificate is reasonable for family reunification purposes but that would be of no use proving employment relationship. In this…

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Summary of liquidation proceedings

[Lead]There are many cases in the life cycle of a company when the owners decide to terminate the operation of the company. There are several ways to terminate a company in Hungary. In this article we highlight the most common way of termination: The liquidation proceeding.[/lead] 1. Attorney’s preparation at the initiation of the proceedings 1.1. The decision of the supreme body on the termination of the company without succession,…

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