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It is valid for a maximum of two years initially and can be extended by one additional year, with an absolute three-year limit from first issuance.
Hungary's residence permit for the purpose of employment is issued for up to two years at first grant. It is designed as a time-limited route rather than an open-ended one.
You can extend it by one more year, but there is a hard ceiling of three years counted from the first issuance. Because of this cap, plan ahead if you intend to stay longer term, since this particular permit cannot simply be renewed indefinitely.
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