The applicant must hold his/her residence permit under National Economic Interests for at least six months. For non-EU citizens In the first year you will get a Visa at the Consulate which you can travel into Hungary with. Those wishing to work in Hungary for any company will require permission to do so, typically granted by applying for and obtaining a Hungarian work permit. At the same time, it should be noted that at present the program has no citizenship incentives. The expected processing time ends when we make a decision on your application. Permanent residence is a lifetime status and your rights are equal to the rights of citizens. The applicant’s permanent settlement in Hungary must be shown to be in the national economic interest of Hungary. How to become a Hungarian resident. Permits and citizenship. Hungarian residency permit enables the applicant to live in Hungary, and visit (to a maximum of 90 days from any 180 days) any Schengen country. The Hungarian Investor Residency Bond Program is now suspended. The words permanent residence naturally mean that one must actually live in the country and have a registered address. Residence permit for developing-country national As a rule, permanent residence in the EU countries can be obtained after 5 years of living in the country, but in Hungary the permanent residence can be obtained in 1 month. How long do you usually have to wait for an answer? It takes around two weeks to manufacture and post a residence permit card. Residence permit application for a victim of human trafficking; Personal identity code in connection with a residence permit; Extended permit. Related to the use of the website, the user guide includes a detailed description. ... On the page Processing times, you can read more about the different phases that constitute the expected processing time and the factors affecting the processing time. ... Fast processing leading to EU permanent residency for life in under 30 days. Fully completed residence permit application form (signed by the applicant, only Hungarian and English version accepted). In exchange for a safe and state-guaranteed investment of EUR 300,000 to be returned at the end of the 5-year term, applicants of all nationalities can obtain permanent resident permits with only a single visit to Hungary (and a 60,000-euro processing fee). The time we need to serve you the decision and deliver a residence permit card to you are not included in the expected processing time. ... 300,000 and a five-year maturity will be purchased using the funds received from the investor within 45 days of his/her residence permit being issued. Those whom are non-EU citizens/nationals who wish to work in Hungary based on employment relationship. The processing time was 70 days. Residence work permit for the purpose of work. The total time of obtaining a permanent residence permit is now reduced from 8 months to 1-2 months. Permit Type: Permanent residence. Students who are third-country nationals can obtain a residence permit if they have full time legal student relationship with a registered Hungarian public educational institution working in line with the public education information system. Valid passport (which must be valid for at least 3 months after returning from Hungary, issued within the last 10 years and containing 2 empty pages). Citizenship of Hungary can be obtained after 8 years of residence in Hungary. What is the work permit used for? The applicant must have owned a Hungarian treasury worth at least €300,000 for a minimum of six months. If your application is processed by the embassy in the country you live in, you will normally receive an answer within 15 days after handing in your application at the Visa Application Centre, the consulate or the embassy.. 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