Your Hungarian company will most likely be a VAT subject, which means you will have to add VAT, or Value Added Tax to your sales. You will also be paying VAT on your purchases, but you will be able to reclaim VAT later. VAT in Hungary When you are making purchases on Hungary, the sales …
How to reclaim VAT at your Hungarian company Read More »
The post How to reclaim VAT at your Hungarian company appeared first on Company Formation.
You can become an EU resident and gain visa-free access to the EU if you set up a company in Hungary. Alternatively, if you become a Hungarian resident first, you can more easily set up a company and start trading in the EU. The Hungarian guest investor program offers an excellent opportunity for that. Business …
Set up an EU company as a guest investor Read More »
The post Set up an EU company as a guest investor appeared first on Company Formation.
When you set up your business in Hungary, your company will need a name which clearly identifies it and which distinguishes it from competitors. A Hungarian company name must be unique, correct, and appropriate. What does that mean? Read on to find out.
The post Choose the right name for your Hungarian business appeared first on Company Formation.
Hungary has introduced a new immigration law that came into force on 1 January 2024. It will not affect Hungarian company setup, which will remain available to all nationalities. However, it will affect residency applications for the managing director, the employees, and their family members.
The post New immigration law in Hungary – Will it affect your business setup? appeared first on Company Formation.
Before you make your first hire at your Hungarian company, consider the payroll costs you will incur through their employment. Read on to learn about minimum wages, payroll taxes, and company costs.
The post Budget for the payroll costs at your Hungarian company appeared first on Company Formation.
Your Hungarian company is required to track its incoming and outgoing payments. Your taxes are calculated based on these, and transactions must be recorded. Incoming payments are recorded on invoices in Hungary – read on to learn how that works.
The post Invoices in Hungary: How to create and manage invoices? appeared first on Company Formation.
When are you planning to make the first hire at your Hungarian company? Your new employee will need a labor contract that defines the employment relationship between the two of you, and protect the rights of both the employer and the employee. Let’s take a closer look at how that works.
The post Labor contract at your Hungarian company appeared first on Company Formation.
Starting a business in Hungary is very easy. Registration is done in 4-5 business days, and you immediately get an EU VAT number as well, so you can start trading in no time. You only need a bank account to manage your finances, and you are ready to go. But what else to consider before setting up? Here is a list of the most important things – with which our team will be happy to help.
The post 11+1 things to consider before starting a business in Hungary appeared first on Company Formation.
The Hungarian Central Statistical Office publishes reports regularly about various topics, including the developments in Hungarian economy. Read a short summary of the latest reports to see how foreign-owned companies are doing in Hungary, and that Hungary has room for your business too.
The post The share of foreign-owned companies on the Hungarian market appeared first on Company Formation.
Is your Hungarian company in need of some extra work force? Do you have recurring or seasonal tasks that would not warrant for a full-time employee? Consider employing students as a flexible and cost-effective solution.
The post Why it is worth employing students at your Hungarian company appeared first on Company Formation.