Hungary offers non-EU nationals the ability to apply for Hungarian residency by establishing and capitalising a Hungarian company. A minimum business capitalisation of only €50,000 is required, with professional fees from €28,000. In addition, applicants are required to provide proof of legitimately obtaining the funds being invested, and they have to be of good international standing. A clean criminal record is another key requirement.
Upon having met the business formation and capitalisation requirement, applicants can apply for a 1-year temporary residency permit (visa). This permit can be extended for a period of 2 years, after which a long term residency rights are granted for a period of 5 years.