Do you dream of owning property in Hungary as a foreign citizen? With the right information and support, that dream can become a reality. Navigating the loan and support systems may seem daunting, but armed with the right knowledge, you can confidently take the steps towards owning your dream home in Hungary. This comprehensive guide provides valuable insights into the process, ensuring you're well-prepared to embark on your real estate journey.

Eligibility Criteria:

The first step towards securing a loan in Hungary is establishing lawful residence in the country. EU citizens can certify their permanent stay with a registration card, while third-country nationals need a permanent residence permit after three years of continuous stay. These applications are processed through the immigration office, setting the stage for your loan application.

Hungarian Address Card, Verified Income, and Property Value:

Once residency is confirmed, obtaining a Hungarian address card is essential. This document verifies your permanent residence address, a prerequisite for all loan applications. Additionally, you'll need to demonstrate verifiable income and, for mortgages, provide details of a property with market value.

Real Estate Acquisition:

Third-country nationals must adhere to additional regulations when acquiring real estate in Hungary, including obtaining official permits. While this may seem like a hurdle, these permits are typically a formality, albeit with some processing time required.

Loan Options:

Hungarian banks offer a range of lending terms, with some catering exclusively to Hungarian-speaking clients and others extending services to foreign borrowers. Researching and comparing loan products is key to finding the right fit for your needs.

State Subsidies and CSOK:

Hungary provides various state subsidies for property plans, particularly targeting families and couples planning to expand. The Hungarian family housing allowance, CSOK, offers non-refundable allowances and favorable interest rates for property purchases. However, eligibility criteria changes in 2024 signal a shift in priorities, favoring rural investment options. While the maximum amount of CSOK will increase, eligibility for certain benefits will be restricted, particularly in urban areas with populations exceeding 5,000. Additionally, the age limit for women applying for the prenatal loan will be reduced to 30 from 40, reflecting the government's intention to encourage earlier family planning and rural investment.

Expert Guidance:

Navigating the complexities of Hungarian real estate investment is made easier with expert guidance. JCE Consultancy, in partnership with Selling Budapest, offer comprehensive support throughout the loan, residence permit application and property acquisition process. From loan applications to property selection, their expertise ensures a seamless experience for buyers.

If you're a third-country national with a family residence permit in Hungary, you may be wondering how to become self-employed. In this article, we'll outline the steps you need to take to start your own business in Hungary.

First, it's important to note that there are two different situations that we'll cover. The first is for those who have a Residence Permit for the Purpose of Family Reunification and are the spouse of a Hungarian national or a third-country national. The second situation is for those who have a Residence Card for Third-country National Family Member of EEA National.

1. If you have a Residence Permit for the Purpose of Family Reunification and are the spouse of a Hungarian national or a third-country national, you can become self-employed. However, your income from self-employment cannot exceed the income of your spouse, therefore we highly suggest you that you switch your permit to gainful activity. Here are the steps you need to take:

-Check the Hungarian standard classification of occupations codes to see if you need any special certification. You can find the full list of activities and codes on the Hungarian Central Statistical Office website.

-Get your Tax ID. Go to the nearest NAV (National Tax and Customs Administration of Hungary) office and ask for an autonomous Tax ID. You will need to bring your passport, residence permit, and address form.

-Apply for an Ügyfélkapu account. To get your client gate account, go to the closest Kormányablak building. You will need to bring your passport, residence permit, and address form.

-Discuss with your accountant which taxation system (KATA or GTR) is better for you.

-Once you have your Tax ID and Ügyfélkapu account, your accountant will fill out some forms at www.mo.hu. Even if you don't earn any income in Hungary, if your accountant has already registered you as a solo-entrepreneur, you will have to pay taxes every month.

-Promote your business and start getting contracts and letters of intent, especially from Hungarian companies. Please note that at this point, you still cannot invoice anyone.

-Apply for a gainful activity permit.

-Get your TAJ Card once you received your gainful activity permit.

2. If you have a Residence Card for Third-country National Family Member of EEA National, the process is much easier. You can perform gainful activity or even work without needing to switch your residence permit to gainful activity by just registering your self-employment status and type of taxation.

In conclusion, becoming self-employed in Hungary as a third-country national with a family residence permit can be a complex process. However, by following the steps outlined above, you can successfully start your own business and achieve your entrepreneurial dreams.

Don't hesitate to contact us if you need help of professionals to guide you through this process!

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