Business Planning

How to become self-employed in Hungary?

Being self-employed in Hungary gives you the flexibility to decide when and how much you work for who. But is it really for you? Get a quick overview of what to watch out for before you take the first step.

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HUF getting stronger at the end of Q1 2023

When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger, with just a relatively small hitch in exchange rates in the middle of March. EUR exchange rates EUR is currently around HUF 380, as has …

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Forms of self-employment in Hungary

With just your Ügyfélkapu access, you can register online, and you can start your activity almost immediately. One of the first questions will be which tax regime to choose? Read on for a comparison.

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Uncertainties in the banking world – is 2008 repeating?

Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry in the U.S., there is a worry that the even can start a domino effect. There is already a ripple effect observable globally – will it wear off before it leads to a new recession?

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Vehicle tax payment deadline coming up

If you or your Hungarian business owns a motor vehicle registered in Hungary, you must pay vehicle tax twice a year, by 15 March and 15 September. This tax is different from the company car tax, so make sure you pay it on time. The next deadline is coming up soon.

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Non-compete agreement in the Hungarian labor contract

Employees often have very specific, special skills which an employer might not want to see in the service of the competition. In such cases, a non-compete agreement can be drawn up. Read on to learn how that works.

The post Non-compete agreement in the Hungarian labor contract appeared first on Hungarian Work Permit.

Trademark law modified in Hungary as of January 2023

Hungarian trademark law has just been updated to better harmonize with EU regulations and other relevant Hungarian law. This means several small changes to the existing law, mostly with practical considerations, making the trademark registration process smoother than before.

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Is the loan of the Széchenyi Card Program a good option for your small business?

The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option in the current financial environment.

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How long will the MNB keep up the tight monetary policy in 2023?

Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange rates. They are continuing the implementation of a tight monetary policy until more encouraging economic trends are detected.

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