Hungary Digital Nomad Visa: Requirements and Process

What is Hungary Digital Nomad Visa?

The Hungary digital nomad visa, also known as the White Card, allows digital nomads and entrepreneurs to move to Hungary for a year. It was introduced in 2021 to attract digital nomads to the country, allowing them to live and work remotely there. As per the recent data of 2023-24, the total number of immigrants in Hungary increased to 403,112, with an average nomad visa approval rate of 87.4%. Nomads from visa-free countries can travel to Hungary and apply for the white card permit. This white card enables them to reside in Hungary and work remotely by availing accommodation facilities and healthcare services amongst others. Hungary's average cost of living ranges from $683 to $1,352 per month, as it is considered one of the high-income countries. Digital nomads must pay taxes if they reside in the country for at least 183 days a year, making them legal tax residents. Hungary?is rapidly becoming a popular destination for digital nomads seeking a vibrant culture, rich history, and affordable living. Remote workers, freelancers, and entrepreneurs can earn stable income through a digital nomad visa in Hungary. This visa allows you to travel freely within the Schengen areas without additional visas. ?Digital nomads can obtain permanent residency in Hungary after living there for three years. Hungary is regarded as one of the 26 countries that make up the Schengen Zone, where individuals can only spend 90 to 180 days without an appropriate visa. ?The arrival of the digital nomad visa eradicated this issue, allowing nomads to stay in the country for up to a year, which can later be renewed for 12 more months.

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*Want to apply for a Hungary Digital Nomad Visa ? Y-Axis is the right place to guide you with the procedure.

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Hungary Job Market in 2024

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• According to the latest reports, Hungary's employment rate increased from 65.07 %?to 65.10 % from April 2024 to May 2024.
• The employment growth rate in Hungary is estimated to increase to 20%?by 2025.
• The IT sector is estimated to grow by 8% over the next 3-4 years.
• In the first quarter of 2024, about 70,950 job vacancies were recorded in Hungary.
• The recent data shows 4 million people were employed in the country from 2023-24.
• The unemployment rate in Hungary has decreased to 4.3% in June 2024 compared to the previous months.?
• There are many vacancies in several sectors, such as the cleaning industry, construction, engineering, finance, IT, and manufacturing.
• The total employed persons from the year 2023- 2024?is around 4,746,190.

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High paying Jobs in Hungary in 2024

Given below is the list of Top 10 High-paying jobs in Hungary in 2024.

Financial Manager:

The financial manager plays a significant role in businesses and organizations in Hungary. The manager is responsible for analyzing data, maintaining records, acquiring and investing funds, managing risk, and implementing strategies to maximize profits. Nomads working as financial managers must work more than 40 hours a week full-time.

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Managing Director:

The managing director looks after the company's operations and leads the team to meet and exceed the organization's goals and objectives. Digital nomads should develop and execute the company's business strategies to facilitate achievement.

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Medical Advisor:

Medical advisors are responsible for establishing and maintaining cordial relationships with experts and communicating important medical or scientific information about the company's products. These are ongoing roles for digital nomads in Hungary.

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Jobs in Information technology:

Information technology is an excellent choice for digital nomads and one of the highest-paid jobs in Hungary. With its advanced technology, Hungary is attracting many digital nomads worldwide. The nomads should hold some experience and skills to explore career opportunities in this sector.

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Chief Executive Officer:

A chief executive officer will oversee strategic leadership, operational excellence, team development, financial management, and stakeholder engagement. Nomads holding this position should identify opportunities for the company's growth and expansion and foster a culture of continuous improvement and innovation.

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Pilot:

Hungary is an ideal place for individuals willing to pursue and enhance their career as pilots. The country provides more equipped and cost-efficient training than other European countries. A commercial pilot license can easily qualify you as a paid professional pilot.?

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Sales Director:

The role of a sales director in Hungary includes:

• Designing plans to meet sales targets.
• Maintaining cordial relationships with clients.
• Evaluating product pricing when selling to customers.

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Nomads should possess critical skills, including effective communication, negotiation, and the capability of closing deals to land a high-paying job in sales and marketing.

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Jobs in the tourism sector:

The tourism sector in Hungary ranks 13th in the world and 1st in the European countries. According to recent studies, nearly 1.8 million tourists traveled to the country in June 2024. Nomads can find many job prospects within this sector.

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Jobs in the trading sector:

The trading sector involves buying and selling a company's goods and services. Mechanical skills, direct export promotion, and marketing services characterize this industry. The direct exporting process will be very effective, making this sector a great source of income for digital nomads.

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Jobs in the Construction sector:

In July 2024, Hungary's construction sector increased to 6.2% compared with the previous years. The construction industry can be generic or based on civil engineering, making it flexible for job seekers. The sector plays a significant role in contributing to the economic growth of the nation.

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Hotspots in Hungary for Digital Nomads

Given below are the top 5 best places for digital nomads to explore in Hungary:?

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Budapest:

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Budapest is the capital of Hungary and is famous worldwide. With a nomad visa, remote workers can explore the city for up to 90 days. The co-working spaces in Budapest are integrated with an impact hub that offers various membership programs. Nomads will get access to a free 4-hour trial to experience the space before committing to the membership program.

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Key industries where nomads can explore their career opportunities:

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• Pharmaceuticals
• Information technology
• Electronics
• Mining
• Textile industry
• Mining
• Metallurgy
• Construction materials

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Pécs:

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Pécs is a historic city on the south-western side of Hungary. It is the fifth-largest city in the country and offers many facilities for digital nomads. The city has economically more robust companies and a higher maximum wage compared to the other places in Hungary. It is also embraced as a culturally and artistically appealing city.

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Key industries where nomads can explore their career opportunities:

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• Electronic manufacturing
• Leather
• Food

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Debrecen: ?

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Debrecen is Hungary's second-largest city, full of historic architecture and lively art. Digital nomads can enjoy their workspace in the company, which has all essential amenities. Debrecen has attracted notable international companies with its modern infrastructure, strategic location, and supportive business ecosystem. The companies in Debrecen will enable you to develop team bonding, skills, and knowledge while working.?

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Key industries where nomads can explore their career opportunities:

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• Manufacturing
• Logistics
• Technology

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Szeged:

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Szeged is the third largest city in?Hungary. Szeged's living cost is relatively low compared to other Hungarian cities. It is a liveable city with good infrastructure. It has an excellent work culture, with more opportunities for nomads to apply for companies in Szeged.

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Key industries where nomads can explore their career opportunities:

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• Digital Marketing
• Software development
• UI/UX design
• Food industry
• Tourism

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Sopron:

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Sopron is the perfect place for digital nomads to explore. The city offers a collaborative workspace and is a highly comfortable for nomads to work and reside. Nomads can use public transportation effectively and balance work and life efficiently.

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Key industries where nomads can explore their career opportunities:

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• Manufacturing industries
• Food processing
• Metal processing
• Metallurgy

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Taxes for Digital Nomads in Hungary

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As a digital nomad in Hungary, it is important to learn about the taxes and how the tax system works. Here are some of the key things to know about the taxes to be paid in Hungary as a Digital Nomad:

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• Digital nomads are considered tax residents only after spending 183 days in a year in Hungary.
• Nomads must pay personal income tax at a rate of 15% and social contributions up to 18.5 %.
• Hungary has a territorial tax system that fully exempts dividends and capital gains.
• Nomads must obtain a registered place of residence in Hungary.
• The family tax allowance is exempted from the tax base.

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Benefits of working as a Digital Nomad in Hungary

Here are some of the reasons why you should consider applying for a Hungary Digital Nomad visa:

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• Taxes: ?A digital nomad residing in Hungary is liable to pay tax only after the 183rd?day of their stay.
• Medical insurance: Nomads can avail themselves of free medical insurance provided by the company. Hungarian companies conduct medical examinations every year to determine the wellness of employees. The employer will cover the expenses for the medical examination.
• Low cost of living: ?The cost of living in Hungary is 40-50% lower than in the other EU countries, making it affordable. Internet services are also widely available and inexpensive in Hungary.
• Free movement: With the nomad visa, individuals can visit the other states in the Schengen area for a maximum of 90 days within 180 days.
• Job opportunities: Hungary has one of the lowest unemployment rates in Europe. Nomads can explore many job opportunities in different sectors, such as IT, construction, manufacturing, engineering, and healthcare.
• Safety: According to the Global Peace Index 2024, Hungary ranked 14th among 163 countries. It is considered one of the most secure places to live, with low external conflicts, crime rates, and police presence.

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Who can apply for a Hungary Digital Nomad Visa (White Card)?

The eligibility criteria for Hungary Digital Nomad Visa must:

• Be a citizen of non-EU citizen
• Be 18 years or above
• Have an employment contract outside of Hungry
• Have your own business or company (for entrepreneurs)
• Earn minimum monthly income of 3,000 EUR

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Documents required for a Hungary Digital Nomad visa

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The following are the documents required for a Hungary Digital Nomad Visa:

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• A valid passport: A copy of a valid passport.
• Application form: A completed application form should be submitted.
• Passport-size photographs: A recent ID picture that is not older than three months.
• Bank statements: Bank statements of the last 6 months.
• Proof of funds: Have the minimum income to support your stay in the country
• Evidence of Health insurance: ?A medical insurance certificate.

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Step by Step process to apply for a Hungary Digital Nomad visa

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You can follow the step-by-step process given below to apply for a Hungary nomad visa:

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Step 1: Gather all necessary documents

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The first and foremost step is to gather the required documents. These include a valid passport, two passport-sized photographs,?proof of income, evidence of remote work, and proof of accommodation.

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Step 2: Complete the visa application

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Once you gather all the requirements for the visa, you can fill out the application form.

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Step 3: Submit the visa application

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You can then submit the completed visa application form online.

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Step 4:?Wait for the visa approval

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The estimated visa approval time is around 30 days from the appointment date at the embassy. Once the visa is approved, nomads can en route to Hungary.

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Step 5: Apply for residency

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The last and final step to complete the application process is to apply for residency in Hungary. Nomads must visit the local general directorate to apply for a residence permit. It is important to carry all the required documents for the visa.

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Application fee for Hungary Digital Nomad Visa

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The Hungary digital nomad visa costs around 110 EUR.

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Processing time of Hungary Digital Nomad Visa

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The processing time of Hungary digital nomad visa takes up to 30 days.

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Cost of living in Hungary

Hungary's cost of living is considered low compared to other countries. The table below has a complete list of expenses and their costs.

Conclusion

Hungary's digital nomad visa is ideal for remote workers who want to build their careers with a high quality of life. It allows nomads to work remotely and freely travel within the Schengen area. As a digital nomad in Hungary, you can improve your network and access healthcare facilities throughout your stay.

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Looking to apply for a Hungary Digital Nomad Visa? Sign up with Y-Axis , the world’s Number 1 overseas immigration company, for end-to-end support at every step of the process. Email to us at [email protected] or drop a message on our WhatsApp number 8802219999.?