Business

Formal requirements of a contract in Hungary

When you make a written agreement about anything, it should comply with certain formal requirements to make it a binding document. You are expected to put your signature and initials in specific places, provide appropriate attestation, and use a blue ink pen.

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What to include in a contract in Hungary?

When you make a written agreement about anything, it should cover certain topics to ensure that both parties are aware of their rights and obligations. If there is a dispute in the future, it can be settled based on the terms laid out in the contract and in the relevant law.

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Subsidiary, branch office, representative office in Hungary – which one is right for your business?

If you already operate a business abroad and are planning to expand into Hungary, you have several options available. The most common solution is to establish a Hungarian limited liability company (LLC), but depending on your goals, a branch office or a commercial representative office may also be worth considering.

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Hungary to strengthen ties with the EU

With TISZA Party winning the last elections, Hungary is ready to strengthen ties with the EU, which will include working more closely with EU institutions, and which puts the introduction of EUR in the not-too-distant future. Markets have been reacting positively to the impending changes, making Hungary an even more attractive destination for business and investment.

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EU INC and Hungarian company formation

If all goes well, a new business form will be available to European businesses from 2027: EU INC. It will be possible to set up an EU INC in either of the 27 member states of the EU, but the company will be able to operate legally in all of the member states. For now, this is just a plan – stay tuned for updates.

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Election results in Hungary – what to expect from a TISZA government?

On April 12, TISZA party garnered a landslide victory in the latest general elections in Hungary. With that, the FIDESZ government will be replaced after their 16-year rule. Foreign exchange rates and stock markets seem hopeful about the results and the increased stability a TISZA government promises. At the same time, immigration related rules are not expected to change in the immediate future.

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What do EU Inc. and the 28th regime mean for business in the EU?

The European Commission is working hard to make the EU more competitive in the global market. As part of this effort, they have introduced the concept of the 28th regime, a virtual state besides the existing 27 member states. Through this, EU businesses could easily expand from their home country to the EU market by setting up an EU Inc. business.

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Business setup in Hungary – Why KFT is the best business structure?

Are you considering starting a business in Hungary? Then let our team at Helpers Hungary guide you through every step of business setup to ensure a smooth, efficient, and fully compliant process. Take advantage of our local know-how to make the most of the low corporate tax, the strategic location in the EU, and the flexible business structures.

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Ongoing services for growing companies

As a company grows, its operational needs will inevitably change over time. If you work with a partner like Helpers, you can receive administrative support throughout your entire Hungarian operation from a single provider, always adjusted for your current needs.

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