Business Planning

Intercultural communication and business strategy

It goes without saying that different countries have different cultural norms and different ways of interacting, but finding a foreign business partner that speaks the same language we do can trick us into thinking that we understand each other perfectly. Which might not always be the case.

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How can I get a dividend payment from my Hungarian company?

Dividend is a payment made to the company’s owners from the profit after taxation and free accumulated profit reserves. This also means that if a company did not produce profit, it cannot pay a dividend.

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When do I need to pay overtime to employees?

Employees are entitled to wage supplements when they work overtime, on weekends, at night or on state holidays. As the employer, it is your legal responsibility to determine your employee’s schedules, so you need to take the mandatory wage supplements into account when doing so.

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Should I buy into a franchise in Hungary?

Buying into a franchise you will be in control of your own business and develop it at your own pace while also enjoying the benefits of an established brand, a proven and successful business model, and a local partner who is just as devoted to your success as you are.

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Do I really need a business plan?

A well-made business plan includes professional and thoughtful planning in marketing, sales, finance, risk management, HR and operational management, and gives you comprehensive guidance and assistance in how to put your high level business ideas into practice. Even if you already have experience in running a business, a different country has a new set of […]

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4 mistakes business owners make

1. Doing it all alone When opening a business in Europe, there are several bureaucratic procedures you have to navigate, along with unfamiliar laws and regulations that might differ significantly from your native country. Even without the language barrier, it is daunting for anyone to sort through and take care of all the paperwork. Attempting […]

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How to reduce payroll taxes in Hungary?

Authorities let companies reduce payroll taxes if they employ workforce who have difficulties entering the labor market. Members of the listed groups may prove as eager, skilled, and earnest employees as anyone else, while employing them grants you significant payroll tax relief.

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How do you calculate salary and contributions in Hungary? – Employment in Hungary

The gross salary is what you agree on with your new hire. Employees pay taxes and contributions from that, so in the end they receive only their net salary. Your company also pays contributions, and the sum an employee actually costs you is called super gross salary.

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Checklist for hiring an employee – Employment in Hungary

If you run a Hungarian company, sooner or later you will need employees to help you run your business. Finding the right employee is an art in itself, for which you might want to consult an HR specialist. Apart from that, there are some basic things you need to know.

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Pagony, so much more than a bookstore

Pagony is not a bookstore. It is a space where you can spend some quality time: browse books, try board games, participate in various activities – and, from next Friday on, drink a cup of coffee. – An interview with the managing directors.

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