15/03/24

EU: Hungary's new immigration law, effective from March 1, 2024

As published on: y-axis.com, Friday 15 March, 2024. 

Highlights: Hungary's new immigration law, effective from March 1, 2024

The new Hungary’s immigration law introduced 24 residence permits, including 8 for employment-related purposes.
The validity of residence permits expiring between 1 Jan and 29 Feb will be automatically extended till 30 April.
The categories are for highly & low skilled workers but not for investors.
The new immigration law also introduced golden visa program for individuals who are willing to invest a minimum of €250,000 in real estate.

Hungary’s new law introduces new rules to residence permits
The new immigration law introduced by Hungary was planned to begin on March 1. Hungary introduces stricter rules to existing regulations for third-country nationals (TCNs). The old rules still continues for applications submitted before December 31, 2023.

Guest workers are not entitled to permanent residence in Hungary
The guest worker residence permit will only be granted to those employed in specified occupations by specified employers, from specified countries. Also, the guest worker permit can only be extended for a limited period of time that is 3 years. After this period the permit cannot be extended, and a new application must be submitted.

Types of residency permits in Hungary
Hungary issues different kinds of residence permits, and some are listed below:

National residence permit
Residence permit for voluntary activities
Visas for seasonal workers
Residence permit for studies
Residence permit for family unification
Resident permit for official purposes
Resident permit for medical treatments
Residence permit for carrying out scientific research
Temporary residence permits

Hungary introduces Golden visa Program
Hungary’s new law also introduces “golden visa” program. From 1 July 2024, the guest-investor visa and residence permit will be available for those who are willing to invest a minimum of €250,000 in real estate, allowing a residence of 10 years residence permit.

 

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Hungary Golden Visa CIP Programme