Business Immigration

What is management accounting?

Managing directors can feel sometimes that the only purpose of financial accounting is to fulfil the requirements of the Tax Authorities. However, transparent and faithful representation is useful, as it is essential for informed decision making.

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How can the Chinese New Year affect your business?

In 2017 the first day of the Chinese New Year is 28 January, initiating the year of the rooster. The Chinese have a celebration that lasts for about 20 days. Employees have seven days off from work, and business is usually resumed on the 8th day of the festival. This may have an effect on your business if you have a Chinese partner.

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Retire in Europe

Do you want to enjoy your retirement under mild climate, in a safe environment and stable economy? Retire in Europe and enjoy the good infrastructure and high culture.

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How does the Hungarian Small Business Tax (“KIVA”) change in 2017?

KIVA is short for Small Business Tax in Hungarian (“Kisvállalati Adó”). It is a tax construction that can be chosen by small businesses if they fulfil certain conditions. Let’s see how KIVA changes in 2017.

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How does VAT in Hungary change in 2017?

Value Added Tax, or VAT in Hungary is a consumption based tax, which is regularly added to the net price of products sold. If you have a company and you can reclaim VAT, its sum will matter to you. So let’s see the changes to VAT in Hungary in 2017.

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What are the changes to the tax declaration process in 2017?

Hungarian taxation rules are quite strict. If you run a Hungarian company, you need an accountant who is knows the latest updates to regulations and all declaration process changes.

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9% corporate tax to make running a business in Hungary even more economical

If you want to set-up a company in the EU, Hungary has been the best choice for a long time. Now running a business in Hungary will become even more economical thanks to new legislation on 9% corporate tax from 2017.

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How do I renew my Hungarian residence permit?

A residence permit based on business ownership in Hungary is usually granted for a year. During this year, you’ll have to do the groundwork and launch your business, and show the Immigration Office that your business is sustainable and profitable, so that it provides the necessary means for you to live in Hungary.

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How can I find a registered address as a foreigner in Hungary?

The rental market is booming, and many apartment owners prefer to rent to a Hungarian who they can talk to in person, and who they believe knows local customs better. The situation is even more difficult when you are trying to rent a place before arriving to Hungary: the fact that they cannot see you in person dissuades many people from signing a contract with you.

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Should I open a cafe in Budapest?

Hungary has a long-standing cafe-culture, but while this used to be an afternoon or evening pastime, expats and young Hungarian professionals have created a trend to have breakfast or brunch at their favorite cafe.

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