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Being self-sufficient is a form of exercising treaty rights, as is self-employment.bobo7991 wrote: ↑Sat Dec 21, 2019 10:11 amHello, I recently acquired a Portuguese citizenship via naturalization. I want to move to another EU country and there's something I can't really understand.
Generally from what I'm seeing, as an EU national I can enter any other EU country for 3 months and after which I would need to apply for residency. Now I currently don't work, I'm starting a new online business which will likely take a while to become profitable. I wish to live off investment money I have which is around 2000 usd a month. I can mostly find information for EU nationals who wish to seek employment.
Would it be possible for me to move to another EU country and live off my investment money? The country I'm currently thinking of is Hungary.
I did find this site from Sweden which says free of movement of all is ensured and you only need to prove sufficient resources, which is something I saw being repeated in other places too.
Could I move to Hungary just by way of proving self sufficiency or do I have to seek employment in order to stay?
I am afraid I know nothing about Hungarian domestic laws. As self-employed and receiving rental income you'd need a Hungarian tax accountant for sure.bobo7991 wrote: ↑Sat Dec 21, 2019 2:25 pmGreat! thank you. You seem like you know what you're talking about so if you don't mind I'd like to ask a couple more questions. I'm having difficulty finding out the tax rate for someone in my situation, someone deriving income through a rental property (which is located outside of Hungary). Do you happen to know anything about this?
Also I can't really find which amount of money would be considered self sufficient for Hungarian authorities. I'm guessing it probably varies on a case by case basis, but still would be nice to get a general direction.
Anyhow, thanks again
Just out of curiosity - why Hungary?
Excellent, good to know that you've visited before. I have seen quite a few posts online about moving to Hungary only due to low cost of living but without any clue about the culture there, which I find a bit risky to do.bobo7991 wrote: ↑Mon Dec 23, 2019 12:45 amThe business I'm working on is online, so I can pretty much run it from wherever I wish. There's a bunch of different factors as to why I chose Budapest, from cheap rent in central locations, to the fact that it's still a very large, cosmopolitan and impressive city. Also I genuinely enjoyed my time there in the past.