There are many ways to get EU residency that grants you free travel in the Schengen zone. A European student visa is just one of the options, but if you are eager to learn, that’s a great opportunity to set your foot in the door of Europe.
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With a Hungarian student visa, not only you can come to Hungary to enjoy the benefits of Hungarian higher education, but you can also use it to visit any of the Schengen countries while you are here in Europe.
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Depending on the nature of their business, we usually suggest that our clients open 2 or 3 bank accounts for their Hungarian companies at a local bank: HUF, EUR, and USD, different currencies for partners from different markets.
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Are you are planning to make a real estate investment in Hungary as a non-EU investor? Then consider complementing your investment with setting up a Hungarian company and applying for Hungarian residency.
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Henley and Partners, a global leader in residence and citizenship planning, each year analyzes passport strength around the world. They count how many countries you can access visa-free if you hold a given passport, and rank passports accordingly.
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VAT regulations in Hungary are amended each year to adapt to the changing economical environment. Learn about the 2018 VAT reduction and other new regulations regarding invoices with a high VAT content.
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If your company has employees, your company deducts the personal income tax from their gross salaries (together with the social contributions). This way employees only get their net salaries, and you transfer their personal income tax to the Tax Authority.
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Corporate tax in Hungary is still 9%, which is the lowest in the EU. This, with the simple and fast incorporation procedure makes Hungary an ideal place so set up your first EU company and start trading in Europe. See the latest allowances and reductions you can apply for.
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In 2018 again, Hungarian payroll taxes and salaries have been modified to meet the new conditions of the changing world. Just like last year, the minimum wage has been increased, while the employer’s payroll taxes decreased.
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Offering fringe benefits can make your company a more attractive work place for professionals, while it also helps you cut costs on taxes and contributions. In light of the latest developments, you might want to change the cafeteria plan you offer to your employees.
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