The applicable law specifies three types of settlement permits:

• Interim settlement permit
• National settlement permit
• European settlement permit

However, the regulations also acknowledge settlement permits issued under previous laws.

A foreign national holding a European settlement permit granted by an EU member state in accordance with Council Directive 2003/109/EC of 25 November 2003 can obtain an interim settlement permit if the purpose of their stay in Hungary is the following:

• To pursue gainful activities or to work, with the exception of seasonal employment
• To engage in studies or vocational training
• For another certified reason

This permit can be valid for up to five years, but occasionally can be extended for another five years.

A national settlement permit can be issued to foreign nationals holding a residence visa or residence permit or an interim settlement permit if that individual satisfies the specific requirements set out in law. The most important of these are that the applicant must have sufficient savings and must pass an examination in Hungarian on historical and cultural knowledge.

A foreign national can be issued a European settlement permit for settling down after they have legally lived in Hungary for at least five years prior to filing the application. Applicants for European settlement permits also need to have sufficient savings, and must pass an examination in Hungarian on historical and cultural knowledge.

Foreign nationals may enter and stay in Hungary for a period exceeding 90 days within any 180-day period if they meet the specific requirements (e.g., justify the purpose of their stay, have sufficient financial resources to cover their healthcare services and similar) prescribed in law.

The applicable law distinguishes between the following types of visas and permits:

• Visa for a period longer than 90 days within any 180-day period (i.e., a visa for acquiring a residence permit or a national visa can be issued under specific international agreements allowing for single or multiple entry and a visit period longer than 90 days within any 180-day period)
• Residence permit (either a regular type of residence permit or a joint residence permit)
• Immigration permit
• Interim settlement permit
• National settlement permit
• EC settlement permit

Nationals from non-privileged countries must obtain a visa for the duration of their business trip to Hungary and apply for their visa at a Hungarian diplomatic post abroad.

A valid Schengen visa entitles the holder to travel through and stay in the member countries of the Schengen Agreement (Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and Switzerland) for a maximum period of 90 days within any 180-day period.

If in possession of a residence permit, a foreign national is entitled to stay in Hungary for longer than 90 days within any 180-day period. A residence permit must be applied for in a joint permit procedure if the purpose of the stay is to work, the applicant intends to terminate the local employment contract with the Hungarian receiving entity and the applicant is not subject to a work permit exemption. A joint permit will permit both work and residence in Hungary.

Foreign nationals seconded within the same group of undertakings may only obtain a residence permit in Hungary if they hold the position of executive, expert or trainee. If secondees do not hold any of the above positions, or if the secondment is not intragroup, a local employment contract with the Hungarian receiving entity is necessary to obtain a work and residence permit.

The Guest Investor Visa entitles its holder to stay for more than 90 days within a 180-day period and allows multiple entries during the validity period of the visa. Only Guest Investor Visa holders can apply for a Guest Investor Permit.

To be eligible for a Guest Investor Visa, the third-country national must meet the following conditions:

1. Their entry and stay are in the national economic interest with regard to their investments in Hungary.
2. They must have a valid passport.
3. They must have the necessary authorization for return or onward travel.
4. They must be able to prove the purpose of their stay.
5. They must have sufficient resources to cover their accommodation, subsistence and travel expenses for the entire duration of their stay.
6.  They must not be subject to an SIS alert.
7. They must make a written commitment that they hold or intend to hold in the future an investment of the type and in the amount specified in the law and shall certify that they have the financial resources of lawful origin to make the investment.

The following investments are defined as being in the national economic interest:

1. Acquiring investment funds of at least EUR 250,000 issued by a real estate fund registered by the National Bank of Hungary
2. Making a financial donation of at least EUR 1 million to a higher education institution maintained by a public trust with a public-service mission for the purposes of education, scientific research or artistic creation

The visa is valid for up to two years.

Guest Investor Residence Permit

The holder of a Guest Investor Residence Permit is entitled to carry out activities for consideration on their own or as a managing director of a company, cooperative or other legal person established for gainful purposes, or is entitled to work in Hungary within the framework of an employment relationship.

To be eligible for a Guest Investor Residence Permit, the third-country national must meet the following conditions:

1. Their entry and stay are in the national economic interest in view of their investments in Hungary.
2. They must have a valid passport.
3. They must have the necessary authorization for return or onward travel.
4. They must be able to justify the purpose of their stay.
5. They must have an accommodation or residence in Hungary.
6. They must not be subject to expulsion or a ban on entry and residence.
7. They must not be subject to an SIS alert.
8. They must have a Guest Investor Visa.

The Hungarian Card is available to third-country nationals (i) whose purpose of residence is to carry out work for or under the direction of another person for consideration based on their employment relationship, or (ii) who, as the owner or manager of a company, cooperative or other legal person established for gainful purposes, is carrying out work in addition to the activities falling within the scope of that activity.

In addition to the above, the third-country national must meet at least one of the following criteria:

1. Have professional qualifications in engineering, science or IT
2. Be a professional sportsperson or professional coach
3. Be a performer
4. Work in a film production company

EU Blue Cards can be issued for foreign nationals with especially advanced skills. An EU Blue Card is both a work and residence permit. With an EU Blue Card, a temporary residence title is issued for four years. If the duration of the employment contract is less than four years, the EU Blue Card is valid for the duration of the employment contract plus three months. An EU Blue Card can be extended for an additional four-year period.

Hungarian immigration law provides specific provisions regarding residence permits of spouses and other close relatives of foreign nationals holding a residence permit, a settlement permit or another valid long-term visa. These specific provisions aim to facilitate the cohabitation of families during their residence in Hungary.