Analysis
Despite recent rumors, Revolut is not moving out of Hungary. However, Revolut’s Hungarian HUF bank account is being cancelled as of 1 April 2022, which is most relevant for employers sending salaries to Revolut accounts and people spending HUF in Hungary. Get an overview from us, and see if you are affected. Who is Revolut …
The post What is happening to the Hungarian HUF bank accounts of Revolut? appeared first on Helpers Finance.
Currently, tension is growing on the border of Ukraine and Russia. Whether or not it will develop into a military confrontation, the situation is likely to affect economy in Europe and around the world. Even if inflation does not skyrocket, already existing trends might accelerate. Russia is vast, and it is a major provider of …
The post How a conflict between Ukraine and Russia can affect business in Europe appeared first on Helpers Finance.
Last updated on 28 January 2022. Because of the soaring inflation, Hungary has announced the introduction of a price cap for a handful of basic foods. The price control will be in force starting from 1 February 2022, and will remain in place for 3 months. You can find the official decree here. Price of …
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Getting a new citizenship and an extra passport can grant you additional freedoms and security. While investment is in some countries a straightforward fast-track to citizenship, in many cases you can also apply for citizenship by descent. Citizenship by descent Normally, you become a citizen of a country if you are born there and your […]
The post Citizenship by descent for the international investor appeared first on New Residency.
Hungary is the ideal place if you want to set up your business in the EU. Advanced infrastructure, central location, and favorable taxation options make Hungary a friendly business environment, and many foreigners move here with their family so they can build a new life in the EU. Foreigners in Hungary Currently, more than 350,000 …
Foreign business in Hungary in 2021 Read More »
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How to boost the economy during recession, like the one caused by the COVID-19 pandemic? Scandinavian countries have found a recipe that has let them remodel their economy: green taxation.
The post Green taxation trends in Europe boosting the economy appeared first on Helpers Finance.
Automation in accounting, just in any other fields, aims at removing simple and repetitive tasks from the workload of specialists, so they can focus on tasks that require more expertise and creativity. Adding AI to the mix will be a next step that enables an even higher level of automation and increase in efficiency.
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Many countries around the world offer fast-track citizenship to foreign descendants of former citizens. But how does that work – and how can you become an EU citizen?
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In July, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó announced that the limit on the number of foreign workers in foreign-owned Hungarian businesses would be raised from 10% to 20%. However, many enterprises under foreign ownership already employ more third-country nationals than that. How is that possible? Are these enterprises breaking the law? […]
The post Labor demand and the 20% new quota on foreign workers appeared first on Hungarian Work Permit.
Hungary has been facing labor shortage because of demographic reasons. As a result, the government has taken steps to make it easier for foreigners to work in the country. These measures proved very successful, more than tripling the number of work permit applications over the last three years before the pandemic. Work permit vs. EU […]
The post Hungarian work permits: the year 2020 in numbers appeared first on Hungarian Work Permit.