Top 5 benefits of permanent residency in Europe

Would you like to live and start a business in Europe or maybe take a job? Each European Union citizen has the right to move and reside freely, which means that everyone has the right to stay in another Member State or even to carry out an economic activity.

Citizens outside the EU, also known as third-country nationals, can apply for a permanent residency in Europe on various grounds in the case, if they want to work, study or do business within the European Union.

In the following, we collected the benefits of permanent residency in Europe

Europe is made up of highly colourful and diverse countries looking back at a deep historical past offering a wide range of job opportunities and business opportunities for doing business in Europe.

Europe offers many great opportunities for entrepreneurs and employees as its central location provides excellent business opportunities. This way, if someone is thinking about entering a foreign market, Europe is the place to bring business success.

If you are thinking about European company formation, it can also be an important aspect that the tax burden on companies in the EU has decreased significantly in recent years.
The corporate tax rate can vary from one European country to another and ranges from about 9 to 35 percent.

The corporate tax rate in Hungary is currently the lowest in the European Union, and the personal income tax rate is also very low (only 15% regardless of income). This way Hungary is also particularly attractive for doing business in Hungary for individuals and business people wishing to get a European permanent residence.

Third-country nationals can travel freely within the countries in EU by obtaining a European residence permit, and furthermore they are treated in the same way as EU nationals, which means that they can participate in education, employment and be the members of social insurance.

Permanent residency in Europe might also be necessary later when applying for European citizenship. One of the easiest country to get permanent residency in Europe is Hungary. After obtaining a permanent residency in Europe, you can travel freely within the European Union and in many other countries, so you have the opportunity to learn about the wonders of European countries and even learn a new language, which will turn your European residency into a lifelong experience.

Final thoughts

You can get a European residence permit in Hungary as an employee and you can get an European residency by investment as well. The easiest way to obtain an EU residency by investment is to register a company in Europe and get EU residency by company formation, or buy two real estates in Hungary and get EU residency by real estate investment.