Bank Account
New opportunity to save on taxes in Hungary: If your Hungarian company does most of its business in foreign currencies, you can avoid exchange fees by paying your taxes directly in EUR or USD. The new rules apply to TAO and HIPA (the regular corporate tax and the local business tax), and will be relevant …
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To counter the effects of inflation, new government securities are introduced in Hungary, while existing ones are also updated to provide safe options for savings and investment in Hungary. Announcement by the Government Debt Management Agency Starting from 19 September, interest rates will be increased as follows: One Year Hungarian Government Securities (EMÁP): from 4.75% …
The post New government securities available to natural persons in Hungary appeared first on Helpers Finance.
Every Hungarian company must have a local bank account, which you can only open in person. In a previous article, we explained what Hungarian banks expect from foreigners and how you can prepare for your bank appointment and the KYC procedure. This time, we focus on the arrangements that should make your bank account opening …
Bank account opening: planning your trip to Hungary Read More »
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Every Hungarian company is required by law to have a Hungarian corporate bank account. But how does banking work in Hungary, and which aspects should you consider to make your banking cost-effective as well as effortless? Please note: If you have a Hungarian company, its banking data are part of its official data, and they …
The post How to cut costs on corporate bank accounts in Hungary appeared first on Helpers Finance.
These days, banking is made simple through online platforms and mobile phone apps. But how exactly does money transfer work in Hungary? What is IBAN, SWIFT, and OBA?
The post Banking in Hungary appeared first on HELPERS.
If you are setting up a company in Hungary, you will need a corporate bank account. Over the last few years, bank policies have changed, so bank account opening in Hungary for your company as a foreigner has various aspects you should be aware of if you want the process to be smooth and swift. …
Corporate bank account opening as a foreigner in Hungary Read More »
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As a fallout of the current war between Ukraine and Russia, the Central Bank of Hungary (Magyar Nemzeti Bank or MNB) has recently announced that Sberbank Hungary will be liquidated. Bank deposits are insured by OBA and will be returned to customers; corporate customers should find a new financial provider as soon as possible. So …
The post Sberbank liquidation and OBA deposit insurance appeared first on Helpers Finance.
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.
If you have a Hungarian company, you probably have at least two or three bank accounts. But why exactly do you need them? Company bank accounts defined by currency The most important feature of a bank account is its currency. Nothing is simpler than receiving EUR payment to your EUR account, or paying a HUF […]
The post Why to have a bank account for each currency you do trade in? appeared first on HELPERS.
Opening a bank account is obligatory for all Hungarian companies. You have to comply within 8 days after company registration. This is a prerequisite of starting your business activity. We usually advise clients to open 3 bank accounts for 3 currencies. Read on to learn why! Open 3 Hungarian bank accounts HUF: for official fees, …
The post Hungarian bank accounts for your Hungarian company appeared first on Helpers Finance.