Company Formation

How do Hungarian personal income tax and social contributions change in 2017?

Personal income tax in Hungary is currently 15%. It is deducted from the gross salary of employees, who get only their net salary. It is the employer who transfers taxes and contributions to the authorities. This will not change in 2017 – let’s see what will!

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9% corporate tax to make running a business in Hungary even more economical

If you want to set-up a company in the EU, Hungary has been the best choice for a long time. Now running a business in Hungary will become even more economical thanks to new legislation on 9% corporate tax from 2017.

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How do I keep my European residence after Brexit?

For UK citizens living or doing business abroad, Brexit is likely to have a host of negative consequences. Hungary, boasting the lowest corporate tax in Europe, has long been an attractive country for UK investors. Since the country is a permanent member of EU and the Schengen area, with no intention to leave, as a UK investor, you can combine all its advantages

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Should I open a cafe in Budapest?

Hungary has a long-standing cafe-culture, but while this used to be an afternoon or evening pastime, expats and young Hungarian professionals have created a trend to have breakfast or brunch at their favorite cafe.

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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 […]

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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 […]

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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.

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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.

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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 […]

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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 […]

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