Subsidiary

2024 tax changes affecting businesses in Hungary

A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview and ask your accountant if there is anything you should pay special attention to this year.

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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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Can I set up an offshore company in Hungary?

Whether you can set up an offshore company in Hungary depends on what you mean by an offshore company. Discover the most widespread definitions, and learn if Hungary is a good match for you.

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Hungary rejects global minimum tax

The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how would this global minimum tax work? Where does Hungary stand? And most importantly: will your Hungarian business be affected?

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Subsidiaries and other forms of business in Hungary

A foreigner looking to start a company in Hungary can be perplexed by the many forms of business offered by the country. The most popular one is undoubtedly the Ltd (Kft in Hungarian), but there are many more, each with different benefits and limitations.

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Subsidiary, branch office and commercial representative office in Hungary

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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Controlled Foreign Corporation or CFC laws in Hungary

CFC laws in general, alongside double taxation treaties, control how and where income from foreign companies should be taxed.

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Set up a subsidiary in Europe to your international company

Several international corporations choose Hungary to set up a subsidiary in Europe, giants like IBM or Microsoft among them. The most attractive features of the country are low taxes, affordable operation costs, a central location in the EU and full Schengen access.

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