Everything you need to know about the registered office address The navigation in the maze of laws and requirements can be a real challenge for many new company owners. Choosing the right form of business address is no exception to it. In our guide get yourself familiar with the different kinds of addresses, especially with […]
In a World Bank survey, Hungary had the top ranking for trading across borders out of 190 surveyed nations. Their GDP has been rising year-over-year since 2010 and growth peaked at 5.2% in 2019. Forecasts for 2020 suggest further growth well above the average in Europe. Taking all this into account, it’s easy to see […]
If you want to start a business as a foreigner in Hungary, it is easier than in many other places in Europe. The process is also less time-consuming. There are many other benefits to this choice. For one, starting a business in Hungary could be your gateway into the European Union. Hungary is also known […]
If you want to start a company in Hungary, or to move your business there, you need to know how to pay taxes in EU member states. Also, it’s crucial to understand Hungarian tax laws and regulations. Since learning about the intricacies of the country’s tax system is difficult to do on your own, it […]
The National Intellectual Property Office (hereinafter referred to as „HIPO”) keeps a record of start-up companies and companies that support start-up businesses in Hungary. The registration by the HIPO is a precondition of the tax benefit of section 7 of Act. LXXXI. of 1996 on corporate tax law. According to the referred act, the investment […]
According to Act CL of 2017 on Taxation, companies have to announce information about their foreign bank account(s) to the National Tax and Customs Administration (in Hungarian “NAV”). The deadline for the registration is 31 January 2018. All domestic business organization must report the number of all valid bank accounts held by a foreign financial […]
