Business Planning

Economic relief measures in Hungary due to the coronavirus pandemic

Learn about the set of economic relief measures that intend to alleviate the economic burdens of companies and self-employed persons operating in the sectors most affected by the coronavirus pandemic in Hungary.

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Accountancy from company formation

In Hungary, every company is required to have accountancy from the moment of company formation. As a result, it is worth choosing a provider that offers both assistance in incorporation and accounting. Company formation and accountancy In accounting, there are some tasks that need to be performed right after company formation. These include mostly reporting …

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Corporate tax Hungary 2018

Corporate tax in Hungary is still 9%, which is the lowest in the EU. This, with the simple and fast incorporation procedure makes Hungary an ideal place so set up your first EU company and start trading in Europe. See the latest allowances and reductions you can apply for.

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What documents are required for company formation in Hungary?

Your passport is the only document you need to bring. For nationals of many European countries, an ID card might be enough. However, be sure to check with us in advance if this applies to you.

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Setting up a Hungarian Company

Setting up a company in Hungary is fast and uncomplicated. We will walk you through the process in detail in this post. Rest assured, we’ve got your back!

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6 benefits of a Hungarian company

With so many countries to choose from, which one is the best for setting up your European company? Let us tell you about the 6 benefits that incorporating a company in Hungary comes with.

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The lowest corporate tax rate in Europe

Only 9% is payable regardless of how much your turnover or profit is. Although some countries apply higher corporate tax rates to companies with higher profit, there is no such rule in Hungary. This means that you can take advantage of the lowest corporate tax rate in Europe regardless of your business volume.

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Limited Liability Company: LLC in Europe, Hungary

One of the most popular forms of business for small and medium sized companies is a limited liability company (LLC or LTD). Hungarian LLCs offer several advantages: uncomplicated and fast setup, low taxes and a relatively small share capital. In addition, the ownership and management structure is open for all.

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Advantages of a limited liability company in Hungary

A limited liability company, commonly abbreviated LLC or LTD, is a widely popular form of business. Here are all the advantages of setting up a limited liability company in Hungary.

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The so-called “representation tax” in Hungary: What is it and how are food, drink, and travel expenses taxed

The Hungarian Tax Authority introduced the representation tax in order to avoid companies buying personal supplies on company money, this way reducing the company’s profit (and paying less as corporate tax).

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