Business

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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Working time in Hungary

Working time refers to the time your employee spends working for your company. In Hungary, working hours are limited to 40 hours a week. However, the distribution of those working hours might vary.

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VAT deduction in Hungary

When you are buying goods or services in Hungary, their price will most probably contain VAT. However, this VAT may be deducted from the VAT your own company is paying to the Tax Authority.

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Controlled Foreign Corporation or CFC laws in Hungary

CFC laws in general, alongside double taxation treaties, control how and where income from foreign companies should be taxed.

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Trademark registration in Hungary and in the EU

Got a cool logo or a witty slogan? Why not register them as trademarks? If you want your company’s name, logo or slogan protected by Hungarian or European law, you can start the trademark registration now and get your company the proper recognition.

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