In Hungary, the rate of VAT is usually 27%. There are some special product types where VAT rates are lower. Before you start trading in Hungary, make sure you know how much VAT you must pay to the tax authority in order to properly adjust your margins.
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2020 has just started, and the new regulation for Hungarian payroll taxes and salaries are in. The most significant change is the increase of the minimum wage.
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If all goes well, if you register as a resident of Hungary before the end of the transition period, you can keep all your rights associated with the EU registration card after 1 January 2021.
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Are you wondering where you should open a company in Europe? Choose Hungary! Opening an LLC in Hungary is simple and fast, so it offers a time- and cost-effective solution when moving your business operation to Europe.
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Became eligible for Hungarian permanent residency through the purchase of Hungarian government bonds? Then check on your investment agency and make sure to renew your permit.
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We will assist you from the first steps of recruitment to the last: we help you formulate the position, define a salary range based on standard salaries, post the advertisement, screen applicants, and even provide a basic employment contract.
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According to new regulation, you must actually spend half of your time in Hungary to stay eligible for residency renewal. The minimum stay requirement is defined in 90 days in any 180 days.
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In 2020, many bank holidays fall on weekends. However, Sundays that are bank holidays are different from regular Sundays. On bank holiday Sundays, shops are typically closed, and if you need employees to work, different wage supplements will apply.
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If you are eligible for voting at the municipal elections, you were automatically added to the list of local voters when you registered your address. This means you have received a letter from the local government stating the time and date of the elections, together with the venue where you can cast your vote.
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In Hungary, you can buy property regardless of nationality. Whether you want to buy real estate for rental purposes, as the headquarters of your business, or as a home for your family, you will find that Hungary offers attractive options, for fraction prices compared to Western Europe.
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