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DXBDINO28 wrote:

....

How is Hungary in terms of living standards? Cost of living? climate? It would be great If I cound get some guidance

Thanks

Why don't you just Google it? All of the information is already out there.

DXBDINO28 wrote:

We are thinking of incorparating a business and apply for Permanent residency

Why Hungary?

Unless you speak Hungarian your options for running a business in Hungary are limited, especially if you plan to run a small to medium sized business: ie. you cater to local linguistic groups or foreigners (i.e. running a B&B for tourists). Of course you can always hire locals to run the business, but you have to trust your local business partners and/or employees implicitly because you will be out of touch with the daily business operations and.... well lets just say .

And, in my humble opinion, the Hungarian economy is not so great currently, especially for many small businesses. That may change in the future of course.

Malta is a booming economy in the EU with good long term growth prospects. And English is the official language. And Malta has a investment residency program. If you are interested in EU migration, that is where I would suggest to consider.

You really should visit before making a commitment like that, it's a really charming place with lots of natural beauty, but it's definitely not for everyone. What got you interested in the first place?