Cyprus Digital Nomad Visa vs Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
Cyprus digital nomad route: $80 fee, 12 months. Hungary freelancer route: $159 fee, 12 months.
- Hungary Sole Proprietor: $3,426 a month, $571 less than Cyprus Digital Nomad.
- Cyprus Digital Nomad: $80 to apply, $79 less than Hungary Sole Proprietor.
- Hungary Sole Proprietor: about 1.1 weeks, 4.9 weeks sooner than Cyprus Digital Nomad.
Built for: Digital nomads, Freelancers and Remote employees.
- Income
- $3,997/mo
- Fee
- $80
- Duration
- 12 months
- Income
- $3,426/mo
- Fee
- $159
- Duration
- 12 months
Next steps
Cyprus Digital Nomad
Hungary Sole Proprietor
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Side by side
Cyprus Digital Nomad Visa
Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
Visa type
Status
Initial duration, months
Renewable
Built for
Minimum age, years
Practical minimum age, years
Nationality restrictions
Processing time, minimum (weeks)
Processing time, maximum (weeks)
Where to apply
Interview required
Medical exam required
Minimum income, per month
Minimum investment, one time
Investment types
Application fee, one time
Renewal cost, one time
Extra income per adult dependent
Extra income per child dependent
Income sources accepted
Employment types accepted
Social Security counts as income
Pension income recognized
Local work permitted
Maximum income from local work, %
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Required documents
Leads to permanent residency
Years to citizenship, PR plus naturalization
Days in country, per year
Maximum consecutive days abroad
Tax regime
US tax treaty
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Visa type | Digital nomad | Freelancer |
| Status | Active | Active |
| Initial duration, months | 12 | 12 |
| Renewable | Yes | Yes |
| Built for | Digital nomads, Freelancers, Remote employees | Freelancers, Digital nomads, Remote employees, FIRE, Retirees |
| Minimum age, years | 18 | 18 |
| Practical minimum age, years | 18 | 18 |
| Nationality restrictions | Non-EU nationals only | Non-EU nationals only |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Minimum income, per month | $3,997 | $3,426 (Lowest known income requirement) |
| Minimum investment, one time | Not applicable | Not applicable |
| Investment types | Not applicable | Business creation |
| Application fee, one time | $80 (Lowest known fee) | $159 |
| Renewal cost, one time | $80 | Not specified |
| Extra income per adult dependent | 20% | Not specified |
| Extra income per child dependent | 15% | Not specified |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Income sources accepted | Remote work, Business income | Business income |
| Employment types accepted | 1099 contractor, Business owner, Self-employed | Business owner, Self-employed |
| Social Security counts as income | No | Not specified |
| Pension income recognized | No | Not specified |
| Local work permitted | No | No |
| Maximum income from local work, % | 0% | Not specified |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Processing time, minimum (weeks) | 5 weeks | 1.1 weeks (Fastest known processing) |
| Processing time, maximum (weeks) | 7 weeks | Not specified |
| Where to apply | 2 items listedSee where to apply on the visa page | Not specified |
| Interview required | No | No |
| Medical exam required | Yes | No (No medical exam required) |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Leads to permanent residency | No | No |
| Years to citizenship, PR plus naturalization | Not applicable | Not applicable |
| Days in country, per year | 183 days | Not specified |
| Maximum consecutive days abroad | 90 days | Not specified |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Tax regime | Worldwide | Worldwide |
| US tax treaty | Not specified | Not specified |
| Field | Cyprus Digital Nomad Visa | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Health insurance required | Yes | No (No insurance requirement) |
| Local bank account required | No (No local bank account needed) | Yes |
| Apostille required | No (No apostille needed) | Yes |
| US FBI background check required | No | Not specified |
| Certificate of coverage required | No | No |
| Required documents | 8 items listedSee full list on the visa page | Not specified |