Hungary Sole Proprietor (Egyéni Vállalkozó) Residency vs UK Innovator Founder Visa
Hungary freelancer route: $159 fee, 12 months. United Kingdom other route: $1,700 fee, 36 months.
- Hungary Sole Proprietor: $159 to apply, $1,541 less than United Kingdom UK.
- Hungary Sole Proprietor: about 1.1 weeks, 4.4 weeks sooner than United Kingdom UK.
Built for: Freelancers.
- Income
- $3,426/mo
- Fee
- $159
- Duration
- 12 months
- Fee
- $1,700
- Duration
- 36 months
- Processing
- 3-8 weeks
Next steps
Hungary Sole Proprietor
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Side by side
Hungary Sole Proprietor (Egyéni Vállalkozó) Residency
UK Innovator Founder Visa
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 savings, one time
Minimum investment, one time
Investment types
Application fee, one time
Renewal cost, one time
Income sources accepted
Employment types accepted
Local work permitted
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Language requirement
Required documents
Leads to permanent residency
Years to citizenship, PR plus naturalization
Tax regime
US tax treaty
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Visa type | Freelancer | Other |
| Status | Active | Active |
| Initial duration, months | 12 | 36 (Longest initial stay) |
| Renewable | Yes | Yes |
| Built for | Freelancers, Digital nomads, Remote employees, FIRE, Retirees | Freelancers |
| Minimum age, years | 18 | 18 |
| Practical minimum age, years | 18 | 18 |
| Nationality restrictions | Non-EU nationals only | Open to all nationalities |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Minimum income, per month | $3,426 | Not specified |
| Minimum savings, one time | Not specified | $1,679 |
| Minimum investment, one time | Not applicable | Not applicable |
| Investment types | Business creation | Not applicable |
| Application fee, one time | $159 (Lowest known fee) | $1,700 |
| Renewal cost, one time | Not specified | $2,120 |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Income sources accepted | Business income | Not specified |
| Employment types accepted | Business owner, Self-employed | Business owner, Self-employed |
| Local work permitted | No | Yes (Local work permitted) |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Processing time, minimum (weeks) | 1.1 weeks (Fastest known processing) | 3 weeks |
| Processing time, maximum (weeks) | Not specified | 8 weeks |
| Where to apply | Not specified | 2 items listedSee where to apply on the visa page |
| Interview required | No (No interview required) | Yes |
| Medical exam required | No | No |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Leads to permanent residency | No | Yes (Path to permanent residency) |
| Years to citizenship, PR plus naturalization | Not applicable | Not specified |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Tax regime | Worldwide | Not specified |
| US tax treaty | Not specified | Not specified |
| Field | Hungary Sole Proprietor (Egyéni Vállalkozó) Residency | UK Innovator Founder Visa |
|---|---|---|
| Health insurance required | No | No |
| Local bank account required | Yes | No (No local bank account needed) |
| Apostille required | Yes | No (No apostille needed) |
| US FBI background check required | Not specified | No |
| Certificate of coverage required | No | No |
| Language requirement | Not specified | English language proficiency at CEFR Level B2 (speaking and listening) required, proven by approved tests like IELTS... |
| Required documents | Not specified | 8 items listedSee full list on the visa page |