Shortly after introducing its residence permit for digital nomads, known as the White Card, Hungary began to attract many internationals interested in working remotely for a company abroad while temporarily living in Hungary. .
The new residence permit is for a maximum of one year, but it can be extended for another year, reports SchengenVisaInfo.com.
In this regard, the CEO of Digital Tourism Kft, Dávid Rasztovits, pointed out that “Budapest has entered an ‘interesting and complex matrix’, as reported by Daily News Hungary.
According to Rasztovits, this matrix is very diverse, adding that for digital nomads, internet speed is essential, and in the Hungarian capital it is excellent and cheap.
He said Wi-Fi is free in hotels and restaurants, while citizens abroad have to pay for Wi-Fi in those places.
Rasztovits added that Hungary is ranked among the top ten countries when it comes to info-communications.
The rapid spread of the Coronavirus and its new strains has led to a significant increase in the number of digital nomads.
“It is a very trendy lifestyle among young people, and it is no coincidence that in many countries there is already a marketing campaign around it, which is driving up demand,underlined Rasztovits.
The Hungarian authorities have previously announced that internationals fulfilling the conditions mentioned below could benefit from the white card
- Hold an employment contract in other countries
- Having a share in a for-profit company in a country other than Hungary
- Persons interested in benefiting from the carte blanche do not engage in gainful activity while remaining in Hungary and do not hold any shares in any of the companies in Hungary
According to Turizmus.com, digital nomads spend a considerable amount of money; thus, Hungary is an excellent opportunity to increase consumption.
Last year, the Hungarian Parliament approved the introduction of a temporary residence permit in order to offer interested internationals the possibility of benefiting from this programme.
All persons from third countries whose “the use of advanced digital technology allows them to conduct their work from anywhere” are authorized to complete an application for “Flames” which allows them to reside in Hungary for one year while allowing them to extend their period, allowing them to stay legally in the country for an additional year.
In November, Hungary approved its White Card Bill, with a vote of 134 in favor and 54 against.
Besides Hungary, the following European countries have introduced their digital nomad visas: Romania, Spain, Portugal, France, Germany, Malta, Croatia, Estonia, Malta, Greece and the Czech Republic.