Business

Accounting in Budapest

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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MINIMUM CAPITAL TO INCREASE IN HUNGARY – HOW WILL IT AFFECT YOU?

Until March 15th, 2014 the minimum capital is HUF 500 000 (cca EUR 1,700), while after this date it will be increased to HUF 3 000 000 (cca EUR 10,000). However, this change will be a formality for most business owners because the capital will still not need to be deposited.

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