1 year
Initial Duration
$2,000
Monthly Income
$110
Application Fee
$1,200
Cost of Living/mo
Highlights
Affordable EU livingFast processingBudapest nightlife
Requirements
Income Requirement$2,000/month
Health InsuranceRequired
Proof of AccommodationRequired
Background CheckNot Required
Processing Time2-4 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration2 years
Renewal Options1 year, renewable once
Benefits
Work Permissionremote only
Tax BenefitsNone
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- Language barrier
- Cold winters
- No residency path
Best For
- Budget nomads
- Party lovers
- Central Europe base
Lifestyle
Internet Quality4/5
Safety Rating4/5
Climatecontinental
TimezoneUTC+1/+2
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026