Schengen Visa News

Hungary’s Digital Nomad Visa Is Already Attracting Internationals

Soon after introducing the residence permit for digital nomads, known as the white card, Hungary began to attract many foreigners interested in working remotely for a company outside the country while staying temporarily in Hungary.

The new residence permit is planned for a maximum of one year, but can be extended for an additional year, TheSchengen.com reports.

In this regard, CEO of Digital Tourism Kft, David Rastovets, emphasized that “Budapest has entered into a ‘complex and interesting matrix’,” as Daily News Hungary reports.

According to Rasztovits, this matrix is ​​very diverse, adding that for digital nomads the Internet speed is necessary, and in the capital of Hungary it is excellent and cheap.

He said that WI-Fi is free in hotels and restaurants, while citizens abroad have to pay for WI-FI in these places.

Rasztovits added that Hungary ranks among the top ten countries when it comes to information communications.

The rapid spread of the coronavirus and its new strains has greatly increased the number of digital nomads.

“It is a very fashionable way of life among young people, and it is no coincidence that in many countries there is already a marketing campaign around it, which leads to increased demand,” emphasized Rastovets.

The authorities in Hungary previously announced that foreigners who meet the requirements listed below can benefit from the white card

To have a business contract in other countries Have a share in a company with a profit in a country other than Hungary. Hungary

According to Turizmus.com, digital nomads spend a significant amount of money; Thus, Hungary is an excellent opportunity to increase consumption.

Last year, the Hungarian Parliament approved the initiation of a temporary residence permit in order to allow interested foreigners to take advantage of this programme.

All people from third countries whose “use of advanced digital technology allows them to conduct business from anywhere” are allowed to fill out an application for a “white card”, which allows residency in Hungary for a year while allowing them to extend their stay and which allows them to legally expand in the country for a period extra year.

In November, Hungary approved the white label bill, by 134 votes to 54 against.

Besides Hungary, the following European countries have introduced Digital Nomad visas: Romania, Spain, Portugal, France, Germany, Malta, Croatia, Estonia, Malta, Greece, and the Czech Republic.

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Source: schengenvisainfo.com

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