Employment

3 recruitment mistakes to avoid at your Hungarian company

Learn how to avoid the most typical recruitment mistakes, and reduce the time, stress, and costs related to making new hires at your Hungarian company.

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5 questions to ask yourself before you make your first hire at your Hungarian company

If you operate a company in Hungary, sooner or later you might need to make hires. Your employees can perform tasks essential to growing your business. To optimize your operation, make sure you keep in mind these 5 things before you make your first hire. 1. What do you need the employee for? You do …

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The post 5 questions to ask yourself before you make your first hire at your Hungarian company appeared first on Company Formation.

Tax benefits in Hungary

When planning for salaries in Hungary, you should keep in mind the various tax benefits available to employees. Since they increase net salaries without extra costs to the employer, they also function as incentives for employing certain demographic groups. Tax benefits and gross salary The tax benefits available in Hungary apply to everyone who is […]

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Salaries and minimum wage in Hungary

In Hungary, the employment relationship is strictly regulated to ensure fair conditions both for employers and employees. Workers should always receive a living wage, and this is regulated by defining a minimum wage and regularly updating it. Living wage is the minimum The minimum wage in Hungary is the minimum sum you are required by […]

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Working hours for student residency holders increased in Hungary

Third-country nationals studying in Hungary are allowed to work beside their studies. The number of officially approved working hours has just increased, so now you are allowed to work 30 hours a week without forfeiting your student residency.

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Working with student residency in Hungary

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EKHO, the simplified tax for creative professions

EKHO is short for Simplified Tax and Contribution (“Egyszerűsített Közteherviselési Hozzájárulás”) in Hungary. It is a favorable tax regime aimed at creators in various fields intended to promote Hungarian culture. Learn its basics, and find the list of professions that can make you eligible. EKHO is for natural persons The beneficiaries of the EKHO tax …

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Hungarian residency options for non-EU citizens

The Hungarian residence permit is issued based on your plans in Hungary. The procedure will be slightly different in each case, and different supporting documents will be required. The application procedure usually takes 2-3 months, so make sure to apply in time.

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KATA alternatives for limited partnerships: TAO, KIVA, EKHO

While flat-rate taxation is a cost-effective alternative for self-employed KATA orphans from September, it is not available for limited partnerships. Instead, they may consider whether TAO, KIVA and/or EKHO are suitable alternatives for their company. Limited partnerships in Hungary The limited partnership (“betéti társaság” or “BT”) in Hungary is a popular form of company for …

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Side job with a work permit in Hungary

The Hungarian work permit is tied to the job it was issued for. If you get a new job, you need a new work permit. But what to do when you want to work two jobs at the same time, that is, to get a side job? Read on and find out. What even is […]

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