In Hungary, issuing invoices is strictly regulated. For this purpose, a random piece of paper, a Word or Excel file will not be enough: you will have to issue your invoice more “officially”. Learn how it should be done.
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Taxation can be a complex matter. In order to best assist you, however, we need to understand the basics of your business operation. Still, you may find the following list of basic corporate taxes useful.
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When you start your company in Hungary and issue your own invoices towards your clients, you will charge VAT only towards individual (retail) buyers. However, if you are an international trader, you may not charge VAT at all.
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The easiest way towards a Hungarian residence permit is through setting up and running a company in Hungary. Also, now the Hungarian government is offering the opportunity for any nationalities to invest EUR 250,000 into government bonds.
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The Hungarian government bond program is sometimes also called Hungarian investment citizenship program. However, participants first gain residency in Hungary, and can apply for Hungarian citizenship only after a few years.
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Hungary has recently introduced a program granting permanent Schengen residency to investors. Through the Hungarian Residency Bond Program, all nationalities are eligible to receive a permanent resident permit.
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Helpers Hungary is proud to announce that we have processed the first applicants to receive permanent residency in Hungary through the purchase of EUR 250,000 worth of government bonds.
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Every Hungary-based company is legally required to have an accountant or bookkeeper. In Hungary, there is no real difference between accountancy and bookkeeping, but you do need the assistance of a certified person to submit the necessary reports to the tax authority.
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If you are not sure where to form a company in Europe, Hungary is your best choice, as Hungarian company formation in Hungary is the fastest in Europe. After you file the necessary documents, your company can be up and running within only 2-3 business days!
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Until March 15th, 2014 the minimum capital is HUF 500 000 (cca EUR 1,700), while after this date it will be increased to HUF 3 000 000 (cca EUR 10,000). However, this change will be a formality for most business owners because the capital will still not need to be deposited.
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