Checklist

Who can set up a company in Hungary?

Hungarian company formation is allowed for any legal person who is not specifically forbidden from doing so. But how does that work in practice? Anyone can set up a company in Hungary In Hungary, the most popular form of business is the LLC. Any legal person can set up a company who is not expressly …

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Who can be my accountant in Hungary?

If you operate a Hungarian company, you will need an accountant to take care of booking incoming and outgoing invoices, do the payroll administration of your employees, and report data to the Hungarian Tax Authority. But who can be your accountant in Hungary? Let us clear it up for you! Why do you need an …

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Company modification in Hungary

In Hungary, data of any company are registered with the Company Registry, and it is the owner’s or the executive’s responsibility to keep those data up to date. Some changes can be simply reported, but changes to core data require a more complex procedure called company modification. Learn what these are, and how to handle …

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Year-end closing at your Hungarian company

The end of May is an important time in the life of Hungarian companies. Yearly reports and taxes must be submitted by 31 May. Are you ready for the year-end closing? Year-end closing and annual reporting For most Hungarian companies, the fiscal year is the same as the calendar year. After the end of their …

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How to choose a company name in Hungary

hen you set up a company in Hungary, it will need a name that distinguishes it from other ventures. Learn what the compulsory elements of a company name in Hungary are, and choose the perfect name.

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What to include in the labor contract in Hungary

The work permit issued to third country nationals in Hungary is always tied to a specific job. Because of this, there should be an agreement between the employer and the employee before the work permit application is submitted. The agreement is preferably a labor contract (although it can also be a preliminary agreement as well). […]

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