Company Formation
When you want to start doing business in Hungary, you might want not to create an individual LLC but set up an outpost of your foreign company, which can be a branch office or a commercial representative office.
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In the latest forecast published by the IMF, Hungary is listed among the economically strongest EU member states, with the least expected GDP loss in 2020, and an impressive comeback in 2021.
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Whenever the basic data of your Hungarian company are changed, the new data must be registered officially, so all those interested can access up-to-date information in the company registry.
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Discuss TEÁOR codes with your account manager when planning the company formation, so you can submit the right codes to the registry. You will need to revisit the concept of TEÁOR codes only if you want to alter or expand the range of economic activities of your company.
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A Power of Attorney (or a POA in short) is an official document through which you can authorize persons or entities to act in your name. However, if you want the Power of Attorney to be recognized by all authorities internationally, you will need it attested.
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Are you wondering where you should open a company in Europe? Choose Hungary! Opening an LLC in Hungary is simple and fast, so it offers a time- and cost-effective solution when moving your business operation to Europe.
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Hungarian company formation was more popular in the first quarter of 2019 than anytime since 2014. The increasing number of incorporations, together with a recent decrease in the number of company dissolutions shows a positive trend altogether.
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In Hungary, every company is required to have accountancy from the moment of company formation. As a result, it is worth choosing a provider that offers both assistance in incorporation and accounting.
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The “company gate” is an electronic storage where official mail sent to your company is always accessible. Whenever you get an official letter, a notification is sent to your indicated email address. You can then log in to the company gate and view the message.
The post Cégkapu: What is the “company gate” in Hungary and why do I need it? appeared first on HELPERS.
When you are starting business in Europe, it might not be obvious where you want to set up your company. This short comparison of company formation in Poland, Hungary, Serbia and Albania might be able to set you on the right track.
The post Company formation in Central Europe – Comparing Poland, Hungary, Slovakia and the Czech Republic appeared first on HELPERS.