Immigrating to Hungary by buying property and investing is one of the topics that may be of interest to many people. Immigration is one of the categories that most people deal with today. Migration may be caused by factors such as social disorder, war or education and other reasons. As a result, people migrate for a better situation and to raise the level of science and knowledge as well as the welfare of life.
Immigrate to Hungary by buying property and investing
What are the conditions for immigration to Hungary? How can you migrate? If you are a student and intend to continue your studies in foreign universities, you can migrate abroad by obtaining a study visa or a scholarship.
But if you intend to invest and migrate at the same time, buying property or land can be a good solution. But first of all, you should know the countries that give you residence through the purchase of property. Hungary is one of these countries that you can immigrate to by buying a property. But how to get a residence by buying a property in Hungary? Stay with us to provide more complete explanations in this field.
How is immigrating to Hungary by buying property?
Hungary is a country located in Eastern-Central Europe and the language of this country is Hungarian. The country is also a member of NATO and the European Union. Hungary is considered one of the student-friendly countries in Europe because it attracts a large number of students from all over the world every year.
Hungary has a moderate climate; If you want to live in a country with a moderate climate, this country can be the right destination for you. But you may be asked what it is like to immigrate to Hungary by buying a property? It is good to know that one of the best ways to invest and obtain residence is to buy property in foreign countries.
Having a temporary or permanent residence in Hungary has many advantages. One of these advantages is that you do not need a visa to travel to Schengen countries. You can also travel to all European countries. Stays in this country are usually 2 years. If your stay is over, you can apply for an extension. By staying in this country for 5 years, you can apply for permanent residence. In addition, if you have a legal residence in this country for 8 years, you can get Hungarian citizenship and passport.
After obtaining the passport of this country, you can travel to many countries without a visa. The important point is that you can achieve financial profit by buying property due to the increase in prices.
How is investing in Hungary?
Maybe you have this question, what should be done to immigrate to Hungary by buying property and investing? If you plan to immigrate through investment, it is necessary to check its economic indicators so as not to incur losses. You can get good profit by investing with enough knowledge and information. Investment should be made through experts and skilled people. Therefore, it is necessary to consult with skilled lawyers of Andisheh Immigration Institute in this field.
Only then can you save your capital. Keep in mind that property confiscation rate is one of the most important issues in the investment standards index of a country. This index explains all the laws related to the confiscation of foreign people’s property.
The government of a country may confiscate the capital of a foreigner and no damages will be awarded to the person in question. The rate of this index is considered between 1 and 7. Hungary is among the countries where this index is 2% with investment. Also, another important indicator for immigration is the corruption control rate.
This rate shows you how the government and its judicial system deal with foreign capitalists. This rate for Hungary was zero in previous years. This means that this country has good control over the government and judicial systems, as well as their dealings with foreigners. As a result, immigrating to Hungary through the purchase of property can be profitable for anyone.
The inflation rate in this country is 3.3% lower than the world average. The tax rate in this country in 2020 has been announced as 15%. But how to immigrate to this country legally? How to immigrate to Hungary by buying property and investing?
Who is eligible to immigrate to Hungary?
There are three ways to immigrate to Hungary, of which only two are currently possible. One of these ways is to get residence through the purchase of property. In order to buy a property in this country, you first need to obtain its residence. Otherwise, the person is not able to buy the property.
Another way to get residency is by registering a company. Entrepreneurship is one of the best methods of immigration. To immigrate to Hungary through company registration, you need to register the company first, which takes about 2-3 weeks.
In the next step, present your business plan. In the next steps, you need to provide the necessities of starting a business. The cost of buying property in this country is relatively good. Of course, the prices vary according to its location. For example, a house located in a big city is more expensive than a house in the suburbs.
Advice on immigrating to Hungary by buying property
As we said, one of the best ways to obtain Hungarian residency is to buy a property. If you stay permanently in this country for 5 years, you can apply for permanent residence. In addition, if you have been a legal resident in this country for 8 years, you can apply for Hungarian citizenship and passport.
If you want to immigrate to Hungary and buy a property in that country, to avoid financial loss, it is better to contact the consultants and lawyers of Andisheh Immigration Institute to experience the best purchase and investment. You can also contact us for information on immigrating to Hungary by buying property and investing through the form request for expert advice.