A practical guide to banking in Hungary
![The first step in banking in Hungary is to open an account.](https://settlers.hu/wp-content/uploads/2024/06/199808523_m_normal_none_small-1024x683.jpg)
All you need to know about banking in Hungary to succesfully navigate the banking system and manage your finances.
New permit type from 2024: Guest investor residence permit
![guest investor residence permit](https://settlers.hu/wp-content/uploads/2024/05/104821095_l_normal_none-1024x682.jpg)
One of the significant innovations of the new immigration law entering into force from 2024 is the creation of a type of permit that non-EEA citizens can obtain by investing in Hungary: Guest investor residence permit.
Long-term residence rights from 2024
![Long-term residence right](https://settlers.hu/wp-content/uploads/2024/05/131890201_m_normal_none-1024x683.jpg)
Long-term residence status is the highest level of residence status that can be obtained for non-EEA nationals prior to Hungarian citizenship.
Residence permit for employment purposes
![Residence permit for employment purposes](https://settlers.hu/wp-content/uploads/2024/04/34405328_l_normal_none_small-1024x856.jpg)
Residence permit for employment purposes provides opportunities to work in Hungary for non-EU citizens who do not have a higher education degree or otherwise do not meet the special requirements of the types of permits that can be requested by those with high competences.
EU Blue Card – new rules from 2024
![EU Blue Card](https://settlers.hu/wp-content/uploads/2024/04/191650919_l_normal_none_small.jpg)
In order to attract highly qualified workers, the Hungarian government has refined the EU Blue Card regulation.
Details of the new immigration law 2024 – with the published background legislation
![Filling the new residence permit application](https://settlers.hu/wp-content/uploads/2024/03/121638808_m_normal_none-1024x683.jpg)
On 29.02.2024, legislation supplementing the new immigration law (Act XC of 2023) regulating the residence and work of third-country nationals (Btátv.) was published, and previous related legislation was amended.
Details of the new immigration law 2024
![new immigration law](https://settlers.hu/wp-content/uploads/2024/01/93542066_l_normal_none_crop-1024x490.jpg)
As of 01.01.2024, Act XC of 2023 regulating the residence and employment of third-country nationals is in force. The previously commonly issued residence permit for employment purpose have ceased to exist in its former form. Instead, the new immigration law introduces several specific permit types.
Breaking news: The new immigration law is published
![new immigration law](https://settlers.hu/wp-content/uploads/2023/12/11085397_l_normal_SMALL-1024x685.jpg)
The new immigration law was announced on the evening of 21.12.2023 by the government, it is effective from 01.01.2024.
An updated summary of the expected changes in immigration law in 2024
![law to be drafted](https://settlers.hu/wp-content/uploads/2023/12/49994251_l_normal_none_SMALL-1024x768.jpg)
In 2024 a comprehensive changes in immigration law is expected. The details are still pending. The amendment to the law becomes final with the official announcement, which has not yet happened.
Legal regulation on immigration to Hungary to be changed in 2024
![](https://settlers.hu/wp-content/uploads/2023/10/12558207_l_normal_none.jpg)
On 11.12.2023, the parliament accepted the bill, which fundamentally revises Act II of 2007 on the entry and residence of third-country nationals.