Business

Open a Persian store in Hungary!

There are a lot of Iranian students and residents in Budapest, the capital of Hungary. While they are happy to explore the lifestyle and cuisine of Hungary, they also miss the taste of home. However, there are very few Iranian or Persian stores that sell the ingredients for a traditional home-cooked meal.

The post Open a Persian store in Hungary! appeared first on HELPERS.

How can I get a dividend payment from my Hungarian company?

Dividend is a payment made to the company’s owners from the profit after taxation and free accumulated profit reserves. This also means that if a company did not produce profit, it cannot pay a dividend.

The post How can I get a dividend payment from my Hungarian company? appeared first on HELPERS.

When do I need to pay overtime to employees?

Employees are entitled to wage supplements when they work overtime, on weekends, at night or on state holidays. As the employer, it is your legal responsibility to determine your employee’s schedules, so you need to take the mandatory wage supplements into account when doing so.

The post When do I need to pay overtime to employees? appeared first on HELPERS.

What does due diligence mean for my Hungarian company?

Keeping your Hungarian company compliant starts with submitting all reports and accounting documents on time, paying taxes, contributions and salaries when they are due and ensuring all contracts and invoices conform to regulations. In order to ensure this, you need to gather reliable information about all your business partners; ideally, before you start any business […]

The post What does due diligence mean for my Hungarian company? appeared first on HELPERS.

State holidays and vacation days for employees in Hungary

Hungary has a number of state holidays when shops and offices are closed, and employees are usually not required to work. In addition, Hungarian Labor Law states that all employees are entitled to a minimum of 20 days of paid vacation per year.

The post State holidays and vacation days for employees in Hungary appeared first on HELPERS.

Should I hire a Hungarian employee?

In most of Europe, the local official language is used by the Tax Authority, government and municipality offices, in banks, in contracts and in everyday life. Hungary is no exception: most letters a business owner has to read and most forms they have to fill in are in Hungarian. Similarly, the customer service representatives of […]

The post Should I hire a Hungarian employee? appeared first on HELPERS.

Should I buy into a franchise in Hungary?

Buying into a franchise you will be in control of your own business and develop it at your own pace while also enjoying the benefits of an established brand, a proven and successful business model, and a local partner who is just as devoted to your success as you are.

The post Should I buy into a franchise in Hungary? appeared first on HELPERS.

Should I buy a shelf company in Hungary?

Buying a company is not only a convenient option, but usually requires less paperwork and offers an easier start. However, thanks to the quick administrative procedures and our well-coordinated partners, registering a new Hungarian company is much easier and quicker than buying a ready-made business.

The post Should I buy a shelf company in Hungary? appeared first on HELPERS.

Hungary to have the lowest corporate tax in the EU

According to the new taxation plans accepted by the Hungarian Ministry of Economics for 2017, corporate tax will be lowered to only 9%  starting on the 1st of January 2017. This means that Hungary will have the lowest corporate tax in the European Union and the Schengen zone. The corporate tax decrease will affect small […]

The post Hungary to have the lowest corporate tax in the EU appeared first on HELPERS.

Do I really need a business plan?

A well-made business plan includes professional and thoughtful planning in marketing, sales, finance, risk management, HR and operational management, and gives you comprehensive guidance and assistance in how to put your high level business ideas into practice. Even if you already have experience in running a business, a different country has a new set of […]

The post Do I really need a business plan? appeared first on HELPERS.