At first sight, this seems like a great way into Schengen. But…. Assuming you want to be a resident in the EU/Schengen, I would be very reluctant to hang my hat on Hungary. It’s a great country no doubt but it’s leadership is heavily at odds with the EU and who knows where that will end up? If becoming a part of the EU is that important to you, I think one of the more naturally EU aligned countries like Portugal would serve you better in the long run. Really enjoyed your perspective though as always.
I think this is a ridiculous statement, because, you clearly don’t agree with Hungary’s leadership, clearly, you’re suggesting there’s a chance they will be booted from the EU, yea right. Leaders come and go, quite an incredible woke, naive perspective.
Yes actually, I do think a risk exists where Hungary will push itself into an EU exit. It happened in the UK so to assume it won’t happen anywhere else is naive. I was suggesting somewhere like Portugal is highly unlikely to leave the EU hence for a not dissimilar investment it would be where I would head.
Furthermore, I fully respect any democratically elected leader and one that stands up to the EU to protect its own countries culture and interest I have even more respect for.
I used to live in Budapest over 7 years. Hungarians are very skeptic, cautious, reserved people. Very hard to get any trust from them, which takes a very long time. If you live there, try to get a good property in district II only.
@@OffshoreCitizen Unfortunately no, because ALL of my talented English speaking Hungarian friends already moved out from Budapest, to London, Dublin, Zurich..... I visit Budapest for my dental treatment only.
Great option. Is there minimum investment requirements into those properties etc? What is the processing times? Thanks and keep crushing the awesome content 👏
We are in Hungary now and planning on being here 2 months in our search to find where we would like to live on a more permanent basis. Hard to get to know locals since there are so many tourists. Experience so far is the Serbians are more friendly, at least initially. Luckily my wife qualifies for citizenship by descent in Hungary...trying to learn the language and its really hard. 35 cases for nouns verses Slavic where there is 7. We found Serbian easier...not that we know either of them very good. Buda seems to he the place to be if you want it to be more quiet. District 3 seems nice. District 6 is nice if you want to he downtown without way too much noise.
Great news on the Hungarian program. Can you provide more details on min investment and if any holding period. Does the residency entitle you to their public healthcare. For US citizens no tax in Europe is a good one.
Under what conditions, must the company operate? Can it be a company based upon the real estate ownership? Are there minimum investment requirements? Types of qualifying investments?
By owning and renting out a property, don't you have to report it and pay tax on it? In most EU countries by owning a property you automatically become a tax resident and it is a burden on you to prove that you are not using it for yourself (or intending to). No matter how long you're staying. Please let me know if there is something special about this case. Or could you possibly establish LLC and buy properties through that LLC?
Looks like the U.K.... Hungary is a great option for cost of living and location for ease of access to eastern Europe. Many people you will commonly meet there speak German and/or English, which helps livability.
Hungarian is a Finno-Urgic language like Finnish, Estonia, and non-Slavic languages of Russia, near the Ural Mtns. It is not an Indo-European language like the Romance, Germania, & Slavic languages of Europe.
If you are an EU passport holder and you establish residency in Hungary using the much simpler method for EU citizens (ie. proof of funds to support yourself and health insurance), would there be a minimum stay requirement to renew said residency?
Hey, if one is receiving incomes from Capital gains monthly basis only, what are the taxes i will have to pay total as someone who moves from France to Hungary ? Thanks!
You cant fool me Michael, St. Patrick's Cathedral in Beautiful Dublin!! YESSSS!!
At first sight, this seems like a great way into Schengen. But…. Assuming you want to be a resident in the EU/Schengen, I would be very reluctant to hang my hat on Hungary. It’s a great country no doubt but it’s leadership is heavily at odds with the EU and who knows where that will end up? If becoming a part of the EU is that important to you, I think one of the more naturally EU aligned countries like Portugal would serve you better in the long run. Really enjoyed your perspective though as always.
I think this is a ridiculous statement, because, you clearly don’t agree with Hungary’s leadership, clearly, you’re suggesting there’s a chance they will be booted from the EU, yea right. Leaders come and go, quite an incredible woke, naive perspective.
Yes actually, I do think a risk exists where Hungary will push itself into an EU exit. It happened in the UK so to assume it won’t happen anywhere else is naive. I was suggesting somewhere like Portugal is highly unlikely to leave the EU hence for a not dissimilar investment it would be where I would head.
Furthermore, I fully respect any democratically elected leader and one that stands up to the EU to protect its own countries culture and interest I have even more respect for.
That's actually a great point!
I used to live in Budapest over 7 years. Hungarians are very skeptic, cautious, reserved people. Very hard to get any trust from them, which takes a very long time. If you live there, try to get a good property in district II only.
Why would you say only district 2? I heard great things about district 4 and to stay away from district 8. Visiting budapest in 2 weeks
Interesting! Thanks for sharing your insights.
Would you consider moving back?
@@OffshoreCitizen Unfortunately no, because ALL of my talented English speaking Hungarian friends already moved out from Budapest, to London, Dublin, Zurich..... I visit Budapest for my dental treatment only.
Great option. Is there minimum investment requirements into those properties etc? What is the processing times? Thanks and keep crushing the awesome content 👏
I think 180k euros total
Usually we say €200k between them though technically there isn't a minimum
We are in Hungary now and planning on being here 2 months in our search to find where we would like to live on a more permanent basis. Hard to get to know locals since there are so many tourists. Experience so far is the Serbians are more friendly, at least initially. Luckily my wife qualifies for citizenship by descent in Hungary...trying to learn the language and its really hard. 35 cases for nouns verses Slavic where there is 7. We found Serbian easier...not that we know either of them very good.
Buda seems to he the place to be if you want it to be more quiet. District 3 seems nice. District 6 is nice if you want to he downtown without way too much noise.
Great news on the Hungarian program. Can you provide more details on min investment and if any holding period. Does the residency entitle you to their public healthcare. For US citizens no tax in Europe is a good one.
Under what conditions, must the company operate? Can it be a company based upon the real estate ownership? Are there minimum investment requirements? Types of qualifying investments?
Yes it can be a company based on the real estate investment
By owning and renting out a property, don't you have to report it and pay tax on it?
In most EU countries by owning a property you automatically become a tax resident and it is a burden on you to prove that you are not using it for yourself (or intending to). No matter how long you're staying. Please let me know if there is something special about this case.
Or could you possibly establish LLC and buy properties through that LLC?
I think it is St. Mary's Cathedral close to near about the Southall area of London .
Looks like the U.K.... Hungary is a great option for cost of living and location for ease of access to eastern Europe. Many people you will commonly meet there speak German and/or English, which helps livability.
Could you see yourself living there?
Hungarian is a Finno-Urgic language like Finnish, Estonia, and non-Slavic languages of Russia, near the Ural Mtns. It is not an Indo-European language like the Romance, Germania, & Slavic languages of Europe.
Is that a permanent or temporary residency? Is there a minimum investment amount for both properties? Any types of property not allowed?
German language is a member of germanic group of languages, the most prominent one among them being English. :)
you are in Dublin
near st patricks cathedral
If you are an EU passport holder and you establish residency in Hungary using the much simpler method for EU citizens (ie. proof of funds to support yourself and health insurance), would there be a minimum stay requirement to renew said residency?
Usually not but the question is what do you gain in that case?
@@OffshoreCitizen good point
how much is the real estate investment cost in hungary?
There technically isn't a fixed amount but we typically say 200k
St Patrick's Cathedral, Dublin
Hey, if one is receiving incomes from Capital gains monthly basis only, what are the taxes i will have to pay total as someone who moves from France to Hungary ? Thanks!
Awesome man
How do you like Hungary?
@@OffshoreCitizen Looks good, kinda what we are looking for down the track but crypto needs to pick back up
Dublin, Ireland at St Patrick's Cathedral.
Thanks for this video, Michael. What city were you filming this video?
I say in the next video, check it out at the beginning I answer that
@@OffshoreCitizen this guy is a dummy,,,lol
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Are you in Ireland?
Its not the best option to get Panama residency? Does not have limit days and 0% tax residency, or its not true?
Panama isn't a Schengen country so doesn't give you Schengen access
Somewhere in the UK ☺️
Close but not quite
Maybe Dublin
Are you in Copenague or Malmo?
Good guess, not quite though
The colour of the sky it's the UK or Ireland? I think the weirdly - Hungarian language stems from the tribes of Finland.
Yeah it's similar to Finnish or Estonian
You're in Dublin
How I can get citizenship after i marry Hungarian lady?
Need to live there and learn Hungarian
Glasgow? 😊
Good guess, not quite though
Dublin
not in africa
Michael is in Jamaica, Jamaica- my hometown.
I wish!
Dublin lol.
dublin ireland, Christchurch cathedral