Business

How many foreigners can your Hungarian company employ?

The Hungarian Minister of Foreign Affairs recently made an announcement that the Parliament has decided to raise the limit on the number of third-country nationals a foreign-owned Hungarian company can employ. But what does this mean for your company in Hungary?

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Hungary rejects global minimum tax

The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how would this global minimum tax work? Where does Hungary stand? And most importantly: will your Hungarian business be affected?

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Subsidiaries and other forms of business in Hungary

A foreigner looking to start a company in Hungary can be perplexed by the many forms of business offered by the country. The most popular one is undoubtedly the Ltd (Kft in Hungarian), but there are many more, each with different benefits and limitations.

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How and when to register a Hungarian VAT number

To do business in Hungary, you will most likely need a Hungarian VAT number. This number is used for invoicing and taxation purposes: to put it simply, it is what identifies you as a company (or a freelancer) at the Tax Authority. It is not to be confused with the tax ID, which is what …

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KIVA: a small tax for small businesses in Hungary

KIVA is a tax for small businesses in Hungary. As opposed to running an LLC and paying the “regular” taxes (9% corporate tax and various other taxes, especially on payroll), the 11% rate of KIVA includes corporate tax, social contribution tax and vocational training levy. This, combined with how the tax base is calculated, makes …

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Move your IT company to Hungary from Serbia

Hungary offers favorable taxation, advanced infrastructure, and low costs. If you are operating an IT company in Serbia and are looking for better conditions, set up a company in Hungary and enjoy all the benefits it can offer.

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Taxes for affiliated SMEs in Hungary

Do you own, manage or do business with multiple SMEs in Hungary? They may be considered affiliated undertakings, which can affect taxation depending on the circumstances. The regulation seems complex, but Helpers Finance is here to help. In this blog post, we explain all you need to know. What is an affiliated undertaking? In Hungary, …

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The benefits of a virtual office (and why you should have one)

The cost-effective and digital solutions offered by our virtual office service can hinder the spread of the disease while contributing to reducing costs for your company without compromising operational safety.

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Bank holidays in 2021 Hungary

If you operate a business in Hungary and you have employees working for you, you must know about Hungarian bank holidays to better plan work loads, budget for wage supplements, and make informed business decisions.

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How to save money on European company setup in covid times

In times of change, it makes sense to base your plans on factors that are less liable to change. This is why it is worth choosing Hungary when you are moving your business to Europe.

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