Trust Euro Hungary: reviews & investigation
Trust Euro Hungary Kft. has been in court-ordered forced liquidation since May 24, 2023. The company is legally bankrupt. It cannot sign new contracts or deliver any services. Anyone still advertising "Hungary residence permits in 4-6 weeks" under this name is operating without legal standing.
Trust Euro Hungary Kft. (reg. 01-09-373149) entered forced insolvency proceedings on May 24, 2023 under Budapest court case Fpk.3894/2023. The liquidator confirmed that company assets don't cover even the cost of the liquidation itself. Do not transfer any money to accounts associated with this company or this domain.
Who is Trust Euro Hungary and what do they claim to do
Legal name: Trust Euro Hungary Kft.
Services (advertised): Hungarian residence permit (2-year), legal support, EU Schengen access consulting
Claimed location: 1116 Budapest, Fonyod utca 2/B
Legal address (registry): 1119 Budapest, Andor utca 21/C fszt. 1.
Claimed founded: 2020 (actual registration: May 24, 2023)
Phone: +380935142377 (Ukrainian Lifecell operator)
Email: [email protected]
Website: residence-permit-hungary.com
Registration number: 01-09-373149
Tax number: 28766441-2-43
Key fact: The company entered forced liquidation the same day it was legally registered. It has never operated as a going concern. The claimed founding year of 2020 is false by at least three years.
Trust Score
Based on 1/5 from verified registry data. Court-confirmed insolvency, false address, foreign contact number.
Who's behind Trust Euro Hungary: checking the paperwork
Legal entity status
The registered legal entity is Trust Euro Hungary Kft., listed in the Hungarian company registry under registration number 01-09-373149 and tax number 28766441-2-43. The registry authority is the Budapest Metropolitan Court of Registration.
According to Yplon.hu (Hungary's creditor notification platform) and CompanyWall Hungary, the company entered felszamolas (forced liquidation) on May 24, 2023. The court case number is Fpk.3894/2023, filed at the Budapest Metropolitan Court. The appointed liquidator, Gellen Istvan, notified creditors that the company's assets are insufficient even to cover the cost of the liquidation procedure itself. That is as bankrupt as a company can legally get.
The Magyar Közlöny (official Hungarian gazette) published the insolvency notice, which is the formal public record. Any business conducted under the Trust Euro Hungary name after that date has no legal backing.
Address discrepancy
The website lists 1116 Budapest, Fonyod utca 2/B as the office address. The legal registry shows a different address: 1119 Budapest, Andor utca 21/C fszt. 1. But the more striking problem is what the site address actually is. Local Budapest sources and forum discussions describe Fonyod utca 2/B as a munkasszallo, a workers' dormitory. Not a consulting office. Not even close.
Phone number origin
The listed phone number, +380935142377, belongs to the Ukrainian mobile operator Lifecell. Hungary's country code is +36. A legitimate Budapest office wouldn't hand you a Ukrainian SIM number as its main contact. This points to remote operation from outside Hungary, most likely targeting post-Soviet clients who may not notice the mismatch.
Domain check
WHOIS records for residence-permit-hungary.com use privacy protection, so the registrant identity is hidden. The Web Archive at archive.org shows limited snapshots. No verifiable company name, ownership data, or license information appears on or around the domain.
BBB and review platform presence
A BBB search returns no listing for Trust Euro Hungary. Trustpilot, Google Reviews, and every CIS-facing review platform we checked have zero entries for this company. For a firm supposedly in business since 2020, that silence is loud.
Trust Euro Hungary risk analysis: 5 things to know
| Area | Risk | What we found | What to expect |
|---|---|---|---|
| Price | high | No pricing published anywhere. No service packages, no fee schedule, no minimum listed on the site. | You'll be quoted verbally with no paper trail. That makes disputes essentially impossible to win. |
| Contract | high | A bankrupt legal entity cannot sign enforceable contracts. Any agreement you receive from Trust Euro Hungary Kft. has no legal backing in Hungary. | Your money goes in. There's no contract that a Hungarian court would uphold. |
| Timelines | high | The site promises 4-6 weeks for a Hungarian residence permit. Established operators like Helpers Hungary don't quote fixed timelines and recommend starting 3 months before any deadline. | The promise is not backed by any legal capacity to fulfill it. |
| Risks | high | Forced insolvency since May 2023. Office address is a workers' dormitory. Contact phone is Ukrainian. Founding date misrepresented by at least 3 years. | Multiple simultaneous red flags indicate a pattern consistent with fraud, not a legitimate consulting firm. |
| Refunds | high | The liquidator confirmed the company holds no assets, not even enough to cover liquidation fees. There's nothing to return. | Zero realistic path to recovering any payment made to this company. |
Trust Euro Hungary: red flags and green lights
| ✅ | Corporate domain email: The contact address ([email protected]) uses the company's own domain rather than a free Gmail or Yahoo account. This is the only verifiable professional signal found. |
| ✅ | Registered legal entity: Trust Euro Hungary Kft. does exist in the Hungarian company registry with a verifiable registration number (01-09-373149). The company is real on paper, which means it's theoretically traceable. |
| ✅ | Budapest address given: A specific Budapest street address is listed publicly, which at least creates a point of reference for investigators, even if the location turns out to be a workers' dormitory. |
| ⚠️ | No pricing anywhere: Not a single tariff, package price, or fee range is published on the site or in any accessible communication. Legitimate immigration consultants publish at least starting rates. |
| ⚠️ | No lawyer credentials shown: "Legal support" is advertised but no licensed attorneys are named, no bar membership numbers listed, no qualifications shown. In Hungary, substantive immigration legal work requires a registered attorney. |
| ⚠️ | Unrealistic timeline claim: The 4-6 week promise contradicts what every established Hungary immigration firm tells clients. It may be used to pressure quick payment decisions. |
| ❌ | Court-ordered bankruptcy: Trust Euro Hungary Kft. has been in forced liquidation (felszamolas) since May 24, 2023, case Fpk.3894/2023. The company cannot legally operate or enter contracts. This alone disqualifies any engagement. |
| ❌ | Office address is a workers' dormitory: The listed address, 1116 Budapest Fonyod utca 2/B, is identified in local Budapest sources as a munkasszallo (workers' dorm), not a commercial office. The legal registry address is a different location entirely. |
| ❌ | Ukrainian phone number for a Hungarian firm: +380935142377 is a Lifecell Ukraine number. No Budapest consulting office with a genuine local presence would list a foreign mobile number as its primary contact. |
| ❌ | Founding year falsified: The site claims 2020. The legal entity was registered on May 24, 2023. The company couldn't have operated legally before that date, yet it advertises three years of implied experience it doesn't have. |
| ❌ | Zero reviews after claimed 5 years: No verified client reviews exist on Trustpilot, Google, BBB, or any CIS-facing platform. A legitimate agency operating since 2020 would have some organic feedback. The silence is a signal. |
| ❌ | Assets insufficient to cover liquidation: The liquidator officially notified creditors that the company holds no recoverable assets. If you paid them and something went wrong, there's legally nothing to recover from. |
Trust Euro Hungary vs competitors: which is better value
The highlighted column is the company under review. best worst mixed
| Parameter | Trust Euro Hungary ★ | Helpers Hungary | DIY (self-file) |
|---|---|---|---|
| Price | Unknown no data | From EUR 1,300 + 27% VAT transparent | Gov. fees only (~EUR 50-110) cheapest |
| Legal status | Bankrupt since May 2023 insolvent | Active since 2005 verified | N/A (you are the applicant) |
| Timelines | Claims 4-6 weeks (unverifiable) | Realistic estimate, start 3 months early | Depends on your preparation variable |
| Office | Listed address is a workers' dormitory fake | Budapest office, verifiable on Google Maps real | N/A |
| Public pricing | None published | Published on website | Government fee schedule public open |
| Refund policy | No assets, no policy impossible | Contact their team directly for details | Gov. fees are your only cost |
What to check before paying any Hungary residence permit service
- Legal status: Search the company name and registration number in the Hungarian company registry at e-cegjegyzek.hu. If the company shows "f.a." (felszamolas alatt) in its status, it's in bankruptcy. Walk away.
- Contract: Get a written contract before transferring any money. It must name the legal entity, list exact services, give a fixed or maximum price, and spell out what happens if the immigration authority rejects the application.
- Payment: Never pay 100% upfront to an immigration consultant you can't verify in person. Milestone-based payment (partial on signing, partial on filing, final on approval) is the standard for reputable agencies.
- Phone number: Check the country code. A company claiming a Budapest office should have a Hungarian number (+36). A Ukrainian (+380) or other foreign number as the sole contact raises immediate questions about physical presence.
- Office visit: Ask to visit the office or at minimum do a video call with a named staff member. Look up the address on Google Street View first. If it shows a residential building, a warehouse, or a dormitory, that's your answer.
- Lawyer credentials: Immigration legal work in Hungary requires a registered attorney. Ask for the full name and bar registration number of the lawyer who will handle your case. Verify that name at the Hungarian Bar Association (magyarugyvedichamara.hu).
- Reviews: Search the company name plus the words "scam," "complaint," and "review" in both English and Russian. Zero results for a 3-to-5-year-old firm are not a clean bill of health; they're a missing paper trail.
- Timeline promises: Any consultant guaranteeing a Hungarian residence permit in under 6 weeks is either misinformed or misleading you. Processing times depend on immigration authorities, not on the consultant's enthusiasm.
Frequently asked questions about Trust Euro Hungary
Is Trust Euro Hungary legitimate?
No. Trust Euro Hungary Kft. (registration number 01-09-373149) has been in court-ordered forced liquidation since May 24, 2023. A company in this legal status cannot enter new contracts or provide services. Any current advertising under this name operates without legal standing.
Is Trust Euro Hungary bankrupt?
Yes, confirmed. Trust Euro Hungary Kft. entered felszamolas (forced liquidation) on May 24, 2023 under Budapest court case Fpk.3894/2023. The liquidator Gellen Istvan officially notified creditors that the company's assets don't cover even the cost of the liquidation process itself. This is the most extreme form of insolvency under Hungarian law.
What actually happened to Trust Euro Hungary Kft.?
The legal entity was registered in Hungary on May 24, 2023 and immediately became subject to insolvency proceedings. The court case Fpk.3894/2023 was filed at the Budapest Metropolitan Court. Its liabilities exceeded all assets from the start. The company, in practical terms, never operated as a functioning business.
Can Trust Euro Hungary actually deliver a Hungarian residence permit in 4 to 6 weeks?
No, and for two separate reasons. First, the company is legally bankrupt and cannot deliver any service. Second, standard Hungarian residence permit processing for non-EU nationals routinely takes longer than 4 to 6 weeks even when handled by experienced, licensed consultants. Helpers Hungary, one of the established firms in Budapest, tells clients to begin the renewal process at least three months before their current permit expires.
Why does Trust Euro Hungary use a Ukrainian phone number?
The contact number +380935142377 is registered to Ukrainian mobile operator Lifecell. Hungary's country code is +36. A Budapest-based consulting office with genuine local staff would use a Hungarian number. The Ukrainian number suggests the operation targets Russian-speaking clients remotely, from outside Hungary, which also explains why there's no verifiable office.
What legitimate alternatives exist for Hungary residence permit services?
Verified options with traceable histories include Helpers Hungary (operating since 2005, transparent pricing from EUR 1,300 plus VAT, verifiable Budapest office), IST Hungary (founded by Timur Igamnazarov, 16+ years in the market), and ITL Consulting (since 1995). All three publish Hungarian phone numbers and have independently verifiable addresses and client histories.
Where can I leave a review about Trust Euro Hungary?
You can read and submit reviews about Trust Euro Hungary on proverj.com. If you've had direct experience with this company, your account there would be the most useful public record available, since no verified client reviews exist anywhere as of this writing.
Expert verdict: Yury Mosha
As someone who has worked in immigration consulting since 2011 and built a network of 50+ offices serving exactly this demographic (Russian-speaking people trying to relocate to Europe), I recognize this pattern immediately. And it's not a good one.
What concerns me first is the bankruptcy timing. Trust Euro Hungary Kft. was registered on May 24, 2023 and simultaneously entered forced insolvency. The company never had a functional period. That's not a business that tried and failed. That's a shell, most likely created for a specific purpose and then abandoned when the legal situation became too complicated to maintain.
The address situation is also telling. In my years of work, I've seen a lot of virtual offices and rented desks. But listing a workers' dormitory as your consulting office? That's not cutting corners; that's telling you the office was never real. Clients from post-Soviet countries, many of whom are anxious about their immigration status and sometimes willing to overlook red flags, are particularly vulnerable to this kind of surface-level legitimacy.
The Ukrainian phone number is the piece that pins the geography for me. Whoever runs this site is operating from Ukraine or using a Ukrainian contact relay, not from Budapest. Which means they can't walk a client through the Hungarian immigration office, can't appear at a hearing, and can't solve problems that require physical presence. All things that can and do come up in real residence permit applications.
On the positive side: at least there's a verifiable registration number. If someone has already paid this company and needs to file a complaint, the entity can be traced through Hungarian courts via case Fpk.3894/2023. That's the only constructive thing I can say.
My verdict: do not engage. If you want a Hungarian residence permit and need professional help, contact a firm with a real Budapest office, published pricing, and named licensed attorneys. The money you'd save by choosing a cheaper unknown service is a fraction of what you'd lose if the application fails or the money disappears entirely.
Don't get burned
Trust Euro Hungary is in forced bankruptcy. But if you've dealt with them or want to warn others, your review matters. See what others are saying before making any decision about Hungary immigration services.
Read real reviews about Trust Euro Hungary