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incorporating in HU and residency permit

Immigration to European countries, don't post UK or Ireland related topics!

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cosimo777
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Joined: Thu Nov 29, 2007 2:43 am

incorporating in HU and residency permit

Post by cosimo777 » Thu Nov 29, 2007 3:30 am

I read that one can incorporate fairly easily in Hungary and with this corporation obtain a residency permit. Anyone heard of this or done this?
Im a non-EU citizen who wants to live and teach in Budapest. My concern is that I might not get employment (which would start residency permits) in the 3 months allowed by the Schengen Agreement. If I were to incorporate and have residency I would have more time to find a job legally. I have resources to support myself before finding work. I just want to make sure I dont have to leave before finding employment and getting legal residency and work permits
Thanks
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Dawie
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Posts: 1699
Joined: Mon Jan 16, 2006 1:54 pm
Location: Down the corridor, two doors to the left

Post by Dawie » Sat Dec 01, 2007 2:44 pm

What exactly do you mean by "incorporate"?
In a few years time we'll look back on immigration control like we look back on American prohibition in the thirties - futile and counter-productive.
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Wanderer
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Posts: 10511
Joined: Thu Apr 21, 2005 1:46 pm
Ireland

Post by Wanderer » Sat Dec 01, 2007 3:20 pm

Dawie wrote:What exactly do you mean by "incorporate"?
Think he means form a limited company and automatically be allowed to reside in Hungary. Simple, eh! PR is soo easy in the EU!
An chéad stad eile Stáisiún Uí Chonghaile....
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Dawie
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Posts: 1699
Joined: Mon Jan 16, 2006 1:54 pm
Location: Down the corridor, two doors to the left

Post by Dawie » Sat Dec 01, 2007 3:22 pm

Somehow I don't think you can just form a limited company and get residency. If it was that easy the whole world would be doing it!
In a few years time we'll look back on immigration control like we look back on American prohibition in the thirties - futile and counter-productive.
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archigabe
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Posts: 1238
Joined: Thu Jan 26, 2006 9:59 am
Location: Dublin

Post by archigabe » Sat Dec 01, 2007 3:45 pm

A lot of countries including the U.S allow for a non national to get residency if they invest a suitable amount in a business or start a business and provide employment to a certain number of locals.

See investment visa

I am not sure about the rules for hungary.
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Wanderer
Diamond Member
Posts: 10511
Joined: Thu Apr 21, 2005 1:46 pm
Ireland

Post by Wanderer » Sat Dec 01, 2007 3:56 pm

archigabe wrote:A lot of countries including the U.S allow for a non national to get residency if they invest a suitable amount in a business or start a business and provide employment to a certain number of locals.

See investment visa

I am not sure about the rules for hungary.
Same for UK really. But I don't think Mr ordinary can do it anywhere, ur gonna need serious wonga in the bank....
An chéad stad eile Stáisiún Uí Chonghaile....
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Fairtrade
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Joined: Fri Apr 20, 2007 12:37 am
Location: UK

Post by Fairtrade » Sun Dec 02, 2007 3:37 am

You would still have to do the citizenship + language test in Hungary. I heard Hungarian is very difficult.
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Wanderer
Diamond Member
Posts: 10511
Joined: Thu Apr 21, 2005 1:46 pm
Ireland

Post by Wanderer » Sun Dec 02, 2007 10:47 am

Fairtrade wrote:You would still have to do the citizenship + language test in Hungary. I heard Hungarian is very difficult.
It is, it's similar to Finnish and Estonian. All these languages are hugely complex, being inflected, a serious learning curve for the non-inflected language (like English) speaker.

Russian is hard enough as I keep saying, with it's 6 noun inflections, German as four simpler ones, and Finnish (and presumably Hungarian and Estonian) have 15. Killer!
An chéad stad eile Stáisiún Uí Chonghaile....
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Sze
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Joined: Mon May 28, 2007 3:33 am

Post by Sze » Thu Dec 13, 2007 8:36 pm

I know Americans who have formed their own 'BT' and have got residence through this. Not sure about how much, but you do need to hire a lawyer and an accountant - the figure that I've heard is around 200.000 HUF but I suspect it's probably more than that.

So yes it is possible, and you don't have to have serious cash to do it.
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