Hungary has implemented a new immigration law, but to ensure a smooth transition and minimise disruption for existing residents, the government has taken several key actions

• Extended Residence Permits: Third-country nationals holding valid Hungarian or permanent residence permits expiring between January 1st, 2024, and February 29th, 2024, have received an automatic extension until April 30th, 2024.
• Delayed New Applications: Submission of new applications for residence permits by third-country nationals, except those deemed in the national interest, has been postponed until April 30th, 2024. Applications filed before December 31st, 2023, will still be processed under the old regulations, but decisions will be issued after March 1st, 2024.

New Immigration Law Breakdown

The new law, effective since the beginning of the year, introduces several changes

• Increased Permit Types: The number of residence permits has expanded from 18 to 24, with eight designed explicitly for employment purposes.
• Streamlined Categories: The "residence permit for other purposes" has been eliminated and replaced by a dedicated investor permit. Separate work permit categories have also been established for highly and low-skilled workers.
• Stricter Regulations: Under the new law, worker residence permits are granted solely based on employer, country of origin, and specific occupation. These permits are valid for three years with no extension option, effectively barring non-EU workers from permanent residency or family reunification in Hungary.
• Golden Visa Introduced: The law introduces an investor residence permit, often called a "golden visa," available to individuals investing a minimum of €250,000 in real estate starting from July 1st, 2024.

Overall, these measures aim to address the implementation phase of the new legislation, providing temporary stability for existing residents while establishing stricter guidelines for future immigration applications.

It's important to note that these are initial steps, and further developments or clarifications regarding the new law and its long-term implications may arise. For the most up-to-date information, individuals are advised to consult official Hungarian government channels or seek guidance from qualified immigration professionals.

FAQS

My residence permit expires in March 2024. Do I need to apply for an extension?

No, if your residence permit expires between January 1st and February 29th, 2024, it has been automatically extended until April 30th, 2024. However, if your permit expires after March, you should follow the new application process under the revised law starting from April 30th.

Can I still apply for a new residence permit as a third-country national?

New applications from third-country nationals are on hold except for those deemed in the national interest. You can submit your application starting from April 30th, 2024, following the new law's guidelines.

How does the new law affect different work permit categories?

The law now categorises work permits for highly and low-skilled workers separately. Each permit is valid for three years with no option for extension, and it doesn't guarantee permanent residency or family reunification options.

What is the "golden visa" program, and how does it work?

The new law introduces an investor residence permit, or "golden visa," available to individuals investing at least €250,000 in real estate starting from July 1st, 2024. This program offers a pathway to residency through investment.

Where can I find more information about the new law and its implementation?

For the latest updates, it's recommended to consult official Hungarian government channels or seek guidance from qualified immigration professionals who can provide specific advice based on your situation.