Accounting and Finance
When you have a business idea you want to make reality, you don’t want to waste time with unnecessary administration. Hungary offers the fastest company incorporation procedure in Europe. Have your company incorporated in just a few days Founding a limited liability company in Hungary only takes 2-3 business days. Our lawyers prepare all necessary […]
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Your passport is the only document you need to bring. For nationals of many European countries, an ID card might be enough. However, be sure to check with us in advance if this applies to you.
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Setting up a company in Hungary is fast and uncomplicated. We will walk you through the process in detail in this post. Rest assured, we’ve got your back!
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The Helpers Virtual Office and Accountancy combined are the best services to relieve as many burdens from Hungarian company owners as possible. Now new procedure allows your Hungarian Accountant to sign certain payroll related documents, making your life even easier.
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Only 9% is payable regardless of how much your turnover or profit is. Although some countries apply higher corporate tax rates to companies with higher profit, there is no such rule in Hungary. This means that you can take advantage of the lowest corporate tax rate in Europe regardless of your business volume.
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The Hungarian Tax Authority introduced the representation tax in order to avoid companies buying personal supplies on company money, this way reducing the company’s profit (and paying less as corporate tax).
The post The so-called “representation tax” in Hungary: What is it and how are food, drink, and travel expenses taxed appeared first on HELPERS.
Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.
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When you plan to sell your goods or services exclusively online, you have more freedom to choose the country where you set up your business. Within Europe, Hungary offers more than just membership in the EU and the Schengen zone. It has a fast and simple incorporation process, an automatic EU VAT number, and the lowest corporate tax rate in the EU.
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Hungary has one of the fastest and least complicated company setup procedures in Europe. In fact, it is so easy that we can summarise it in just 5 points!
The post Company formation procedure in Hungary step by step appeared first on HELPERS.
Once your company is set up, you will want to focus on getting your business up and running. However, keeping your company compliant is just as important business planning. A key component of this is the handling of your company’s mail.
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