Hungary Sole Proprietor (Egyéni Vállalkozó) Residency vs Panama Self-Employed / Remote Worker Permit
Hungary freelancer route: $159 fee, 12 months. Panama freelancer route: 9 months, $3,000 a month.
Built for: Freelancers, Digital nomads and Remote employees.
One of these visas has limited data on file, so some rows read Not specified. Compare the published fields only.
- Income
- $3,426/mo
- Fee
- $159
- Duration
- 12 months
- Income
- $3,000/mo
- Duration
- 9 months
Next steps
Hungary Sole Proprietor
Panama Self-Employed /
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Side by side
Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
Panama Self-Employed / Remote Worker Permit
Visa type
Status
Initial duration, months
Renewable
Built for
Minimum age, years
Practical minimum age, years
Nationality restrictions
Processing time, minimum (weeks)
Interview required
Medical exam required
Minimum income, per month
Minimum investment, one time
Investment types
Application fee, one time
Income sources accepted
Employment types accepted
Social Security counts as income
Pension income recognized
Local work permitted
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Leads to permanent residency
Years to citizenship, PR plus naturalization
Tax regime
US tax treaty
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Visa type | Freelancer | Freelancer |
| Status | Active | Active |
| Initial duration, months | 12 (Longest initial stay) | 9 |
| Renewable | Yes | Not specified |
| Built for | Freelancers, Digital nomads, Remote employees, FIRE, Retirees | Digital nomads, Freelancers, Remote employees |
| Minimum age, years | 18 | Not specified |
| Practical minimum age, years | 18 | Not specified |
| Nationality restrictions | Non-EU nationals only | Open to all nationalities |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Minimum income, per month | $3,426 | $3,000 (Lowest known income requirement) |
| Minimum investment, one time | Not applicable | Not applicable |
| Investment types | Business creation | Not applicable |
| Application fee, one time | $159 | Not specified |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Income sources accepted | Business income | Remote work |
| Employment types accepted | Business owner, Self-employed | W-2 employee, 1099 contractor, Self-employed |
| Social Security counts as income | Not specified | No |
| Pension income recognized | Not specified | No |
| Local work permitted | No | Yes (Local work permitted) |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Processing time, minimum (weeks) | 1.1 weeks | Not specified |
| Interview required | No | No |
| Medical exam required | No | No |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Leads to permanent residency | No | No |
| Years to citizenship, PR plus naturalization | Not applicable | Not applicable |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Tax regime | Worldwide | Territorial |
| US tax treaty | Not specified | Not specified |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | Panama Self-Employed / Remote Worker Permit |
|---|---|---|
| Health insurance required | No (No insurance requirement) | Yes |
| Local bank account required | Yes | No (No local bank account needed) |
| Apostille required | Yes | No (No apostille needed) |
| US FBI background check required | Not specified | No |
| Certificate of coverage required | No | No |