There’s an unavoidable amount of filing documents, corresponding with various authorities, checking deadlines and regulations… Clearly, it’s not the best use of your time to deal with these issues. Setting up a Hungarian company with Helpers will get these boring but necessary tasks out of the way. Let’s see some of the advantages you will get to benefit from.
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Hungary is an ideal place for setting up your telecom company. It is a hotbed of engineering expertise, boasts great providers, an advanced infrastructure, and very affordable business and living costs.
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Several international corporations choose Hungary to set up a subsidiary in Europe, giants like IBM or Microsoft among them. The most attractive features of the country are low taxes, affordable operation costs, a central location in the EU and full Schengen access.
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To run your company smoothly and make sure it complies with laws and regulations, you will need one more thing: an accountant. But how to identify a client-centered accountancy provider?
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In many European countries, buying an already established company is the best and fastest way to start business. In Hungary, however, it is fast and easy to incorporate your own company. This makes founding your own company a better solution than finding an already existing business for sale in Hungary.
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Hungary has a special place on the European job market, because thanks to its top-quality universities and relatively low living costs it provides affordable, quality workforce to your new European company.
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The banking system of Hungary is much more up to date than in many countries in Western Europe. You can open accounts in all major currencies including EUR, GBP and USD. It is advisable to also have a HUF account to pay taxes and contributions from. Exchanging currencies between your own accounts is affordable and available via internet banking.
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Tourism in Hungary is one of the most important and fastest growing industries, amounting to 1558 billion HUF in 2016. In 2015, 15.6 million tourists have visited the country, in 2016 it was 16.8 million. One of the simplest ways to profit from this industry is buying an apartment to use as a vacation rental.
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If you are an international businessman looking to extend your business to Europe, forming a Hungarian company might be one of the best solutions. By setting up your European base in Hungary, you can enjoy the lowest corporate tax rate, a Schengen visa, an immediate VAT number, low business costs.
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Having an EU VAT number improves trading relations with European partners quite a bit. Cross-border transactions are mostly exempt from VAT if both you and your business partner have an EU VAT number. Needless to say, this is greatly beneficial for your cash flow as well as for VAT administration.
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