Business

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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Further economic relief measures in Hungary

Some further measures have just been announced to alleviate the burdens of a broader segment of the population, and counter the impact of the current COVID-19 pandemic on Hungarian economy.

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Economic relief measures in Hungary during the COVID-19 pandemic

The Hungarian government introduced the following economic relief measures to alleviate the burdens posed by the current COVID-19 pandemic, and make sure it is easier for everyone to get through these difficult times and pick up work once the situation clears up:

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KIVA, the small business tax in Hungary

KIVA, or the small business tax benefits companies in the service industry in Hungary. It is best for companies selling their expertise instead of goods.

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Bringing employees to Hungary – Work permit or Intra Corporate Transfer?

If the employee is a national of a non-EU country and is entering the EU for their temporary deputation, they will need a work permit. In some special cases, the employee might apply for an intra corporate transfer permit, which offers added benefits to both employer and employee.

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The benefits of Hungarian company formation

Are you wondering where you should open a company in Europe? Choose Hungary! Opening an LLC in Hungary is simple and fast, so it offers a time- and cost-effective solution when moving your business operation to Europe.

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Standard salaries in Hungary – How much should you pay your employees?

We will assist you from the first steps of recruitment to the last: we help you formulate the position, define a salary range based on standard salaries, post the advertisement, screen applicants, and even provide a basic employment contract.

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Bank holidays in Hungary in 2020

In 2020, many bank holidays fall on weekends. However, Sundays that are bank holidays are different from regular Sundays. On bank holiday Sundays, shops are typically closed, and if you need employees to work, different wage supplements will apply.

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Immigrate to Europe from South Africa

In Hungary, you can buy property regardless of nationality. Whether you want to buy real estate for rental purposes, as the headquarters of your business, or as a home for your family, you will find that Hungary offers attractive options, for fraction prices compared to Western Europe.

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Hungarian company formation trends in 2019

Hungarian company formation was more popular in the first quarter of 2019 than anytime since 2014. The increasing number of incorporations, together with a recent decrease in the number of company dissolutions shows a positive trend altogether.

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