Hungary approves new immigration law to go into effect on 1 January 2024

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EY Global

15 Dec 2023 PDF
Subject Tax Alert
Categories Immigration
Jurisdictions Hungary

Hungary’s new immigration bill has been approved by the parliament and signed by the president, and it is now set to go into effect on 1 January 2024, nine months earlier than initially expected. The new bill introduces major changes to the existing regulations for third-country nationals, including separate categories of work permits for skilled workers and guest workers and the introduction of a new permit for investors that will be valid for 10 years. The immigration authorities will not accept new permit applications between 1 January 2024 and 29 February 2024, except those involving residence permits of national interest based on ministerial approval. Processing of applications submitted before 1 January 2024 will also be suspended during this period. Permits that are set to expire during this period will automatically be extended to 30 April 2024.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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