Business
Setting up a company in Hungary is an easy and fast way for non-EU citizens to establish themselves in the European market and obtain a resident permit. A well-written business plan will do the trick for you.
The main points that we need to show in the business plan are the following:
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If you are thinking about starting a business in Europe, don’t look further: Hungary is your best choice. In Hungary, setting up a company is fast and easy.
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Forming a company in Europe is the best solution for non-European businessmen who want to start business with Europe.
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Having a registered seat is essential for a Hungarian company. This is where authorities will expect to find you, therefore it is crucial that a competent person is there to handle any incoming mail or enquiry.
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When you own a Hungarian company, it is crucial that you keep good track of your income and expenses. The regulations are quite strict, and if you fail to comply, you may expect extensive fines. However, you only have to follow a few simple rules.
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In Hungary, issuing invoices is strictly regulated. For this purpose, a random piece of paper, a Word or Excel file will not be enough: you will have to issue your invoice more “officially”. Learn how it should be done.
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Taxation can be a complex matter. In order to best assist you, however, we need to understand the basics of your business operation. Still, you may find the following list of basic corporate taxes useful.
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When you start your company in Hungary and issue your own invoices towards your clients, you will charge VAT only towards individual (retail) buyers. However, if you are an international trader, you may not charge VAT at all.
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Every Hungary-based company is legally required to have an accountant or bookkeeper. In Hungary, there is no real difference between accountancy and bookkeeping, but you do need the assistance of a certified person to submit the necessary reports to the tax authority.
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If you are not sure where to form a company in Europe, Hungary is your best choice, as Hungarian company formation in Hungary is the fastest in Europe. After you file the necessary documents, your company can be up and running within only 2-3 business days!
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