Accountancy

Set up a subsidiary in Europe to your international company

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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Client-centered accountancy service in Budapest

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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How do I find a business for sale in Hungary?

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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Get your immediate EU VAT number

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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The 3 requirements if you want to start a business in Hungary

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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What is a VAT report in Hungary and how does it work?

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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How to use my EU VAT number?

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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How does the 9% corporation tax rate affect your business?

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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Where is corporate tax the lowest in Europe?

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.

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