Germany Opportunity Card (Chancenkarte) vs Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
Germany other route: $86 fee, 12 months. Hungary freelancer route: $159 fee, 12 months.
- Germany Opportunity Card: $1,223 a month, $2,203 less than Hungary Sole Proprietor.
- Germany Opportunity Card: $86 to apply, $73 less than Hungary Sole Proprietor.
Built for: Digital nomads, Remote employees and Freelancers.
- Income
- $1,223/mo
- Fee
- $86
- Duration
- 12 months
- Income
- $3,426/mo
- Fee
- $159
- Duration
- 12 months
Next steps
Germany Opportunity Card
Hungary Sole Proprietor
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Side by side
Germany Opportunity Card (Chancenkarte)
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)
Interview required
Medical exam required
Minimum income, per month
Minimum savings, one time
Minimum investment, one time
Investment types
Application fee, one time
Income sources accepted
Employment types accepted
Social Security counts as income
Pension income recognized
Local work permitted
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Leads to permanent residency
Years to citizenship, PR plus naturalization
Tax regime
US tax treaty
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Visa type | Other | Freelancer |
| Status | Active | Active |
| Initial duration, months | 12 | 12 |
| Renewable | Yes | Yes |
| Built for | Digital nomads, Remote employees, Freelancers | Freelancers, Digital nomads, Remote employees, FIRE, Retirees |
| Minimum age, years | Not specified | 18 |
| Practical minimum age, years | Not specified | 18 |
| Nationality restrictions | Non-EU nationals only | Non-EU nationals only |
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Minimum income, per month | $1,223 (Lowest known income requirement) | $3,426 |
| Minimum savings, one time | $1,223 | Not specified |
| Minimum investment, one time | Not applicable | Not applicable |
| Investment types | Not applicable | Business creation |
| Application fee, one time | $86 (Lowest known fee) | $159 |
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Income sources accepted | Not specified | Business income |
| Employment types accepted | Not specified | Business owner, Self-employed |
| Social Security counts as income | No | Not specified |
| Pension income recognized | No | Not specified |
| Local work permitted | No | No |
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Processing time, minimum (weeks) | Not specified | 1.1 weeks |
| Interview required | No | No |
| Medical exam required | No | No |
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Leads to permanent residency | Yes (Path to permanent residency) | No |
| Years to citizenship, PR plus naturalization | Not specified | Not applicable |
| Field | Germany Opportunity Card (Chancenkarte) | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency |
|---|---|---|
| Tax regime | Not specified | Worldwide |
| US tax treaty | Not specified | Not specified |
| Field | Germany Opportunity Card (Chancenkarte) | 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 |