Dr. Surányi Balázs
• 4 minutes read
Notification Obligations for Guest Investors in Hungary
Reporting obligations in Hungary
For golden visa holders in Hungary, meeting notification and reporting obligations is crucial for maintaining their residency status. Failure to comply with these requirements can lead to legal complications, such as fines, delays in visa renewals, or even the revocation of residency permits.
Since golden visa holders often make significant financial investments in Hungary, ensuring proper registration of accommodation, employment, and personal changes (like a birth or a change in documents) helps protect both their residency rights and their investments.
Registering Accommodation
Guest investors who are third-country nationals are required to notify the regional directorate of the National Directorate General for Aliens Policing (NDGAP) about their place of accommodation in Hungary. This notification must include the following details:
- Personal identification information
- Details of the travel document
- Address of the accommodation
- Date of arrival and expected departure from the accommodation
- Serial number of the visa or residence permit
Along with the notification, one of the following documents must be submitted:
- Proof of ownership of the property
- A residential lease agreement
- Documentation of booked and paid accommodation
- A notarized declaration from a family member (with certain residence statuses or recognized refugee status) guaranteeing the applicant's accommodation
- Other credible documents
The accommodation or change of accommodation must be notified electronically via the Enter Hungary platform after electronic registration.
Ensure your legal documents, such as travel and residence permits, are always up to date and reported to the authorities in case of loss or theft
Notification of the Birth of a Child
If you have long-term residence status as a golden visa holder, and give birth or father a child in Hungary who is a third-country national, you are required to notify the National Directorate General for Aliens Policing (NDGAP) regional directorate. The notification should include the following details:
- Personal details of the child (name, place, and date of birth, mother’s name)
- Document number of the child’s travel document (if applicable)
- Child’s address of accommodation/residence in Hungary
This notification is essential to ensure that the child’s residence status is properly documented. Be sure to complete this step promptly to avoid complications.
Reporting the Loss, Theft, or Destruction of a Document
Guest investors, like other third-country nationals, are required to report the loss, theft, or destruction of important documents, such as travel documents or residence permits, immediately. This can be done at the regional directorate of the National Directorate General for Aliens Policing (NDGAP), the local police station, or, if residing abroad, at the relevant Hungarian diplomatic mission.
Upon reporting, the immigration authority will issue a certificate confirming the notification. If the lost document is later found, it must be reported to the authorities immediately, and failure to do so can result in legal issues.
In the event of a lost travel document, the individual must obtain a new one to continue their stay in Hungary, unless there is an international agreement in place that provides different conditions. Similarly, for residence permits, an application for a replacement must be submitted electronically through the Enter Hungary platform.
These reporting obligations help ensure that individuals comply with Hungarian immigration regulations and avoid complications that may arise from lost or compromised documents.
Guest investors in Hungary can work and start businesses freely under the Golden Visa program
Notification Obligation in Connection with Employment
Guest investors who wish to work in Hungary either by starting a business or securing employment have significant flexibility. Whether you plan to launch a new venture or take on a managerial role in your company, the Golden Visa allows you to engage in various economic activities.
Employer Notification Requirements
Employers of third-country nationals, including guest investors holding a residence permit, have specific legal obligations. They must notify the Hungarian authorities about the employment of such individuals, ensuring compliance with local labor laws. This notification is mandatory and applies whether the employment is full-time, part-time, or temporary.
Key considerations for employers include:
- Submission of Employment Notification: Employers must file a notification with the local immigration office or other designated authority when hiring foreign nationals under the Golden Visa or related permits. This ensures that the employment is formally registered.
- Compliance with Labor Laws: In addition to notifying authorities, employers must ensure that the employment contract meets the requirements of Hungarian labor laws, including minimum wage, working hours, and social security contributions.
By adhering to these obligations, employers ensure that the employment relationship remains in good standing with Hungarian regulations.
Disclaimer
This article provides general information and is not intended as financial or legal advice. Regulations and investment options can change. Always seek professional guidance tailored to your specific situation.
Conclusion
Understanding and complying with Hungary’s notification obligations is essential for guest investors who want to maintain their residency status and avoid legal complications. From registering your accommodation to reporting employment changes or the birth of a child, it’s crucial to be aware of these requirements and fulfill them promptly.
By staying informed and following the correct procedures, guest investors can focus on the benefits of their residency, such as business opportunities and family reunification, without being hindered by administrative issues. Hungary’s clear regulations make it easier for investors to navigate these obligations and fully enjoy the advantages of living and working in the country.
If you're unsure about any of these requirements, seeking professional legal advice can help ensure compliance and give you peace of mind.
Illés and Szabó Lawyers' Association
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