With more and more expats making their way to one of the EU’s most popular destinations, it can be hard to weigh up the pros and cons of moving to Hungary. Like all other countries, Hungary has its highs and lows. Here is what you should consider before making the big move
Cost of living
Hungary is one of the most affordable European countries to live in. Although its low cost of living makes it appealing to many, VAT is also higher than any other country in the European Union at 27%. There is also the matter of complicated income taxes for expats living in Hungary, which can add frustration to the immigration process.
Accommodation
Expatriates have the option of renting or buying furnished or unfurnished property in Hungary for a relatively low cost. But low accommodation costs are part of the pros and cons of moving to Hungary as maintenance and utility fees can be exceedingly expensive.
Transport
Getting from point A to point B in Hungary is easy since the country has an affordable and very effective public transport system. Gasoline here is also inexpensive, but the Hungarian driving laws might confuse expats that recently arrived in the country. We have a complete guide on the Hungarian public transport system, which might help make the transition into Hungarian life a little easier.
Business
If you start your own company in Hungary, you’ll benefit from low corporate tax of just 10%. However, it can be a bureaucratic process to apply for business permits and get all the paperwork done. Our guide to setting up a company in Hungary might help clarify a few points for you.
Quality of life
Budapest is a warm and welcoming city, helping expats feel right at home. The quality of life here is generally very high, and many foreign nationals feel like they can afford a better lifestyle living in this EU country. Although the quality of life is higher than in most other neighbouring countries, the language gap can be quite a barrier for immigrants to overcome.
Healthcare
When compared to other EU countries, Hungary has a very affordable and effective public healthcare system. The only problem is that very few medical professionals are English-speaking.
Education
Hungary offers a variety of great internationals schools to choose from, located in and around Budapest. Unlike traditional Hungarian schools, the international schools are English medium, making it easy for foreign students to integrate into the system. The downside to the private and international schools is that they are often very expensive. Public schooling in Hungary is free, but in most cases, these schools are not fit for the needs of expatriates and their children.
Need more information?
Here at Hngary.com, we specialise in assisting foreign nationals with their immigration process to Hungary. We can help you weigh up the pros and cons of moving to Hungary and guide you through the process of moving to this promising destination in the EU. If you need any assistance, feel free to get in touch with our team of immigration lawyers today.