NEWS
Open Company in Hungary
How to Open a Company in Hungary? – Requirements and Guideline There are many economic benefits to setting up a company in Hungary. Having a business in Hungary, unlike some other countries, means fewer expenses when it comes to companies register and upkeep. And compared to many Western European countries, the average wage is still […]
How can a business accountant assist you and when should you hire one?
If you are familiar with the business you have probably encountered the terms of business accounting and accountant. However, when starting a new business it is vital to limit any unnecessary money spending. That is where usually a good business accountant comes into the picture. What does a business accountant do? Accounting usually refers to […]
Registered office address
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 […]
Tax Bookkeeping essentials for you and your company
When it comes to handling the finances of a company, keeping the books organized is more than desirable for maintaining a smooth day-to-day operation. To do that, you should familiarise yourself with the basics of accounting and it is crucial to ask questions when you don’t know the answer. To help you and your business […]
The Challenges and Benefits of Doing Business in Hungary
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 […]
Starting a Business in Hungary – Business Forms and Taxing
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 […]
Hungary Tax Guideline: What You Should Know about VAT in Hungary
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 […]
Tax Benefit for Start-up Companies
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 […]
Obligatory Bank Account Registration
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 […]
Mandatory Online-Gate for Companies
According to the Act CCXXII of 2015 on the E-administration Law the registration of an Online-Gate (in Hungarian “Cégkapu”) is obligatory for every business entity in Hungary. The deadline for the registration is 1st January 2018. The purpose of the Online-Gate is to provide direct connection between business organizations and the State of Hungary’s authorities. Since […]