Hungarian Company Formation

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New immigration law in Hungary – Will it affect your business setup?

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.

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Budget for the payroll costs at your Hungarian company

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.

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Invoices in Hungary: How to create and manage invoices?

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.

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Labor contract at your Hungarian company

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.

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The share of foreign-owned companies on the Hungarian market

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.

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Why it is worth employing students at your Hungarian company

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.

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5 questions to ask yourself before you make your first hire at your Hungarian company

If you operate a company in Hungary, sooner or later you might need to make hires. Your employees can perform tasks essential to growing your business. To optimize your operation, make sure you keep in mind these 5 things before you make your first hire. 1. What do you need the employee for? You do …

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What does an accountant do at a Hungarian company?

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Who can set up a company in Hungary?

Hungarian company formation is allowed for any legal person who is not specifically forbidden from doing so. But how does that work in practice? Anyone can set up a company in Hungary In Hungary, the most popular form of business is the LLC. Any legal person can set up a company who is not expressly …

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