Company Formation

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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4 mistakes business owners make

1. Doing it all alone When opening a business in Europe, there are several bureaucratic procedures you have to navigate, along with unfamiliar laws and regulations that might differ significantly from your native country. Even without the language barrier, it is daunting for anyone to sort through and take care of all the paperwork. Attempting […]

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How to immigrate to Europe from the US?

If you want to visit Europe, you only need your passport, and you will be granted entry to the Schengen zone without questions. However, if you would come to stay, that’s a different story.

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Company ownership in Hungary – The most important accounting deadlines

If you operate a Hungarian company, you will want to be aware of certain accounting deadlines when you should pay taxes and contributions. Your accountant will always remind you when a payment is due.

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How do you calculate salary and contributions in Hungary? – Employment in Hungary

The gross salary is what you agree on with your new hire. Employees pay taxes and contributions from that, so in the end they receive only their net salary. Your company also pays contributions, and the sum an employee actually costs you is called super gross salary.

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Checklist for hiring an employee – Employment in Hungary

If you run a Hungarian company, sooner or later you will need employees to help you run your business. Finding the right employee is an art in itself, for which you might want to consult an HR specialist. Apart from that, there are some basic things you need to know.

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