Why Hungary is best for Entry into the EU
Hungary is fast becoming a most sought after destination for those seeking to relocate to the EU for work opportunities or simply to ground new roots and start abroad. The country is versatile offering great prospects for immigrants.
About Hungary
Hungary is a located in the east of Europe and is home to an estimate population of 9,85million people. It is bordered by countries Romania on the east, Slovakia in the north, Serbia on the south, Croatia on the southwest side, Slovenia on the west, Austria on the northwest, with Ukraine on the northeast side. It’s combination of beautiful green landscapes, rolling hills and gothic architecture are just some of the charms of this beautiful European country.
The country is rich with history dating back to ancient medieval times. It was essentially populated by nations such as Huns, Avars, Romans, Celtics and Gepids who is said to have established the first roots within the region. In later years of the 9th century, the Hungarian grand prince Árpád established a recognised nation during the “homeland-conquest” aka “Honfoglalás”.
Hungary faced war times and tribulations and was a refuge to some Jews during the holocaust, when Germans occupied Europe. Communist ruled during the years 1945-1989 and later on, after more hardship, a republic was established.
Present day
The country has grown substantially throughout the years having regained a stronger economy, ranked as the 57th largest economy in the world out of 188 countries. It has established good foreign relations and when it comes to innovation and technology, one of Hungary’s main sectors include science and technology which plays an important role to the country’s economy. Hungary also has advanced transportation systems in place covering air and land, as well as reputable education and medical care systems.
While entry into the EU is possible in numerous countries, Hungary not only have a well-developed system of immigration into the country for all types of immigrants and expats, it also welcomes all nationalities provided they comply with the requirements for the specific Hungarian visa they are applying for.
Open to foreign investors
For those seeking for a point of expansion into the EU for business, Hungary is the perfect start. Citizens from the EU, EAA and Switzerland are exempt from having to obtain a work permit to work in the country. A Blue Card will give expats or immigrants the liberty to reside in the country for 2 years and be able to work, provided they meet the criteria. Starting and doing business is challenging in any country but Hungary still ranks well in regards to this.
Investment opportunities are vast and include but are not limited to:
• Technology and Science
• Aerospace
• Manufacturing
• Agriculture
• Textile and clothing industry
• Recording studios
• Recreation parks
• Automotive Industry
• Education
• Construction
• Information Technology
Convenient living standards
Hungary ranks 5th out of 61 countries in the world to be one of the most affordable to live in. Many expats will find that the cost of living is not at all high and with that said, living standards are not compromised or inferior.
Hungarian residency bond program
The Hungarian Residency Bond Program of Hungary allows qualifying individuals to obtain permanent residence for themselves, their dependent children (no age limit) as well as their dependant parents. The estimate time taken to process the residency card and procedures only takes 2 months and is also the most affordable in all of Europe.
Hungary is not only a fantastic destination for business but also to raise a family. Entry into the EU need not be difficult – simply use a professional Hungarian immigration and visa service.