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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Overview of immigration procedures in Hungary

A person who is not an EEA citizen or a family member of one* may travel to Hungary with a valid visa or shall apply for a residence permit depending on the intended duration of the stay. If this period does not exceed 90 days within 180 days, third-country nationals are entitled to travel to the Schengen area, therefore Hungary, with a Schengen visa issued by a member state. Depending…

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Acquisition of Real Estate of Foreign Natural Person in Hungary

The rules of the land acquisition in Hungary are depending on the citizenship of the purchaser and the kind of the property. Non-citizens typically need to fulfil additional obligations to acquire the ownership of properties. According to the regulation, non citizens are natural people, they are not the citizens of a member state of the European Union, of the European Economic Area or an other country, which is party of…

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