It seems increasingly unlikely that the UK will get any kind of sweetheart deal from the EU after Brexit. This means that your UK company will no longer have access to the European single market, and that you as a UK national will lose the right to move freely within Europe.
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Getting a place in a co-working space might make sense in the initial phase of building your company. Once your company has expanded to several full-time employees, you might want to rent an office of your own.
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Hungary is one of the best places if you want to start a business in Europe. You only need 3 things: a registered address, a bank account and an accountant.
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Bank holidays are days when most people are not required to work. In Hungary, Sundays count as holidays, while Saturdays are usually also rest days. Besides, there are 11 bank holidays in Hungary in 2017 (a new one, Good Friday has just been announced).
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Your Hungarian accountant’s main task is to keep your Hungarian company’s books in order, while he/she is the person who represent you and your company before the Tax Authority. As a result, it is crucial that you always let your accountant know about any changes to the basic data of your company.
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Your accountant will regularly file VAT reports to the authorities, in which your (EU) VAT number will be indicated as well as the VAT payable and VAT reclaimable. The frequency of VAT reports depends on your trade volume or activity.
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When you open a Hungarian company, you immediately get an EU VAT number with it. But how can you use it to sell and acquire products or services within the EU without charging VAT on these sales?
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Whether you already have a company in Hungary or you are planning to register one, understanding how the 9% corporation tax rate affect your Hungarian business is crucial for planning ahead in 2017.
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No matter how great your performance is if you end up paying half of your profits to the government, right? Paying taxes is inevitable, but if you spend some time looking around and evaluate your options, you might save a lot on taxes.
The post Where is corporate tax the lowest in Europe? appeared first on HELPERS.
The corporation tax in Hungary just got as low as 9%, making Hungary one of the best countries in Europe for setting up a company. Apart from the 9% corporation tax placing Hungary among the countries with lowest tax rates, there are other factors that make it an ideal place for setting up a company.
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