Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
Hungary · Europe
Min Monthly Income
—
Application Fee
—
Processing Time
—
Difficulty
Moderate
Duration
12 months
Path to Citizenship
—
Eligibility Requirements
Min Age
18 yrs
Duration
12 months
Business Income
Business Owner · Self-Employed
Requirements Checklist
Valid passport with at least 6 months validity
Proof of sufficient income (bank statements, employment contract)
Health insurance covering the entire stay
Clean criminal background check
Completed application form with all required documents
Proof of accommodation in the country
Tax Information
Tax obligations vary by country and visa type. Most countries require visa holders to pay income tax on income earned within the country.
Some countries offer favorable tax regimes for remote workers and digital nomads, with reduced rates or tax exemptions for foreign-sourced income.
Consult a tax professional familiar with both your home country's laws and the host country's regulations.
Living in Hungary
COL Index vs NYC
46.9
Monthly Cost (excl. rent)
$753
1BR Rent (City Center)
$575
Safety Index
66.3
Healthcare Index
54.3
Quality of Life Index
144.6
Time Zone
UTC+01:00
Capital
Budapest
Population
9.7M
Official Languages
Hungarian
Avg Internet Speed
237 Mbps
Public Transit Quality
Good
With a budget covering rent and living costs, you'd need roughly $1,328/mo for a comfortable single-person lifestyle in Hungary.See how far your money goes →
🏙️ Best Cities in Hungary for Freelancers
Work Permissions
Application Steps
- 1
Research
Verify all requirements for this visa type and country
- 2
Gather documents
Obtain all required documents (passport, financial statements, health insurance, etc.)
- 3
Complete application
Fill out the official application form
- 4
Submit application
Submit all documents to the appropriate consulate or online portal
- 5
Pay fees
Complete payment of application and visa fees
- 6
Attend interview
If required, attend any scheduled interviews
- 7
Wait for decision
Processing times vary from weeks to months
- 8
Travel and activate
Once approved, travel to the country and complete any activation requirements
Ready to Apply?
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At a Glance
Last verified: June 8, 2026