Hungarian tourism and how you can profit from it

Hungarian tourism is booming!

Hungarian tourism is booming, and with a little careful planning, you can profit from your investment of moving to Hungary. In this article, we will take a look at Hungary’s tourism industry and how expatriates can profit from it.

Due to its affordability and high-quality hospitality, Budapest is the best destination for Hungarian tourism. The country’s capital is well known for its vibrant nightlife as well as its flourishing restaurant industry.

But the sights worth seeing in Hungary extend far beyond just the capital city of Budapest. Lake Balaton is Hungary’s second best attraction, as it is Central Europe’s largest lake, also known as “the Hungarian Sea”. Hungary is also home to a plethora of castles, vineyards, historic cities, small villages and modern venues.

Hungary’s rapidly growing tourism industry

With all that we have just mentioned, it should come as no surprise to learn that tourism is one of Hungary’s most important and fastest growing industries. In 2017, tourism in the country brought in 1558 billion HUF with 16.8 million tourists visiting the country in that year. Before you decide on which route to follow in order to reap these benefits, let us take a brief look at what your options are and how you can benefit from each of them.

How you can profit from Hungarian tourism

If you have the skills required to work within the hospitality industry, you can set up a Hungarian company regardless of your nationality. It takes just a few days to set up and register your Hungarian company, and you can start with your business activities right away. Once you have your company set up, you then qualify to apply for a Hungarian residency permit, depending on what your planned activities are in the country. Here are some other streams of income you might want to consider:

Invest in Hungarian property

One of the easiest ways to profit from Hungarian tourism is by investing in real estate and rent it out as a vacation rental. Here at Hngary.com, we can help you find the ideal property and, with the help of our legal team, set up a sales contract. We can assist with everything from the handover to taking care of all the paperwork and fees to be paid to the authorities.

Invest in a franchise

If you are not sure about where to start with setting up a Hungarian company, it might be wise to consider investing in a local franchise. This will eliminate the idea of entering into uncharted territory plus you can enjoy the benefits of buying into a well-known brand with minimum effort.

Need some more help?

Get in touch with our team of immigration agents today and request a free consultation. We will assess your needs and advise on the best way to proceed. Our team of experts are ready to assist you with making the most of what Hungarian tourism has to offer!