EU Helpers states that the new immigration law in Hungary, which went into effect at the beginning of the year, would not be accepting applications from citizens of third countries for an additional two months.
New applications from citizens of third countries will not be accepted until April 30, with the exception of residency permits that serve the interests of the EU member state.
Furthermore, requests submitted before December 31, 2023, will be subject to the previous regulations; however, decisions will not be made until after March 1.
Residence Permits for Highly and Low Skilled Workers Are Now Available Under Hungary's New Immigration Law
While the old immigration law established 18 sorts of residency permits, the current immigration law describes 24 types, including eight for the purpose of employment.
The residency permit for other purposes was eliminated by the new immigration law, and a new visa for investors was added. Furthermore, several categories of work permits for highly and low-skilled workers have been developed.
According to law, only people who are employed—based on their employers, countries, and occupations—will be granted a worker's residence permit. There is no further option to prolong it after the first three years of extension. This implies that non-EU workers are not eligible for family reunification or permanent residence in Hungary.
Hungary's New Golden Visa Needs Investment of Quarter of a Million
An investor resident permit, commonly referred to as a golden visa, is also introduced by the new law. For individuals wishing to invest a minimum of €250,000 in real estate, the guest-investor visa and residency permit will be available as of July 1.
They are granted a ten-year residency visa through this investment, which is renewable for a further 10 years.
On January 1, 2013, Hungary unveiled its Golden Visa scheme, which is up for debate until March 31, 2017. Rich non-EU people needed to invest at least €250,000 to be eligible for this scheme; additionally, the authorities intended to raise the minimum investment necessary to €300,000.
Approximately 430,000 foreigners, whether on a work or study permit, are in possession of a residence permit in Hungary, according to the Immigration Office (OIF). This encompasses the 161,000 individuals possessing an EU registration card and the 162,000 individuals holding a Hungarian residence permit.
![hungary-extended-residence-permits-during-the-enactment-of-new-immigration-law.jpg](https://euhelpers.co.uk/uploads/2024/3/hungary-extended-residence-permits-during-the-enactment-of-new-immigration-law.jpg)