Accounting and finance services in Hungary
10+
English speaking accountants
If you operate a company in Hungary, you are obliged to have an accountant. Our English-speaking accounting team will help you understand taxation and financial regulations as well as submit all your reports and declarations – this way you can keep your company compliant while you focus on your business.
Established in 2005, HELPERS is Hungary’s leading provider of comprehensive business and personal services for international clients. Our sister company, Helpers Finance provides bookkeeping, accounting and payroll services, specializing in foreign-owned businesses based in Hungary.
Our accountants work in close collaboration with the consultants of our business team, so we can handle everything from company formation to virtual office and accounting in-house. For details, contact us or ask your account manager.
10+
English speaking accountants
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How we price our packages
Accounting rates are based on your company’s business activity and volume (revenue, number of staff, number of invoices).
Discounts are available for long term clients and for advance payment of 6 months or more.
All our packages feature:
- English-speaking, certified accountants
- Representation at the tax authority in case of inspections,
- Liability insurance
- A dedicated account manager
- Transparent, quarterly pricing
Download Brochure
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Starting package
Ideal for the first period of operation with limited revenue and staff.
The package includes:
- Bookkeeping: up to 20 invoices per month
- Registering bank account statements: up to 30 transactions per month
- VAT reports and declaration to authorities
- Payroll / HR administration: up to 2 employees
- Chief accountant consultation: 1 hour per quarter
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Tailored service packages
Once your business picks up, or if you have specific requirements from the start, we are happy to tailor a quote to your preferences.
Whenever possible, we work with flat monthly packgage fees with no unexpected extra charges.
You can also choose additional services, such as:
- International or customized reporting
- Payroll and HR support for bigger staff
- Issuing invoices on your behalf
- Specialized consulting (tax, legal, etc.)
Contact us
When you are doing business in a foreign country, it is especially important to have a clear understanding of taxation and financial regulations as well as professionals keeping your books – this way you can keep your company compliant. Please note that if you are also applying for or currently holding a resident permit in Hungary, it is crucial that you keep your company’s books in order at all times, as these are checked by the immigration authority.
To get informed, download our taxation fact sheet and read our up-to-date blog articles.
To help you estimate your business costs, we have also created these easy-to-use calculators:
Helpers Finance Services
In Hungary, all companies must have accounting services through a licensed local accountant from the date of their incorporation. We are aware that some countries are more flexible or lenient in this regard, so we would like to ensure that our clients are aware of their obligations when setting up a company in this country, and can (with our assistance) run a compliant operation. At HELPERS, we focus on making administrative procedures as easy as possible for our clients and specialize in the specific requirements of foreign-owned businesses. Especially if you choose HELPERS for all your need in Hungary including company formation, virtual office, and even immigration, you’ll benefit greatly from having all your procedures handled in a coordinated workflow.
Accounting for startups and SMEs
We provide accounting and financial services including bookkeeping, invoicing, payroll, financial controlling, profit and loss calculations, cash flow projections and many more. All of our services focus on small and medium-size, foreigner-owned businesses. This specialization, in combination with related areas of our activity (like business planning, incorporation, residency and work permits) yields a unique pool of knowledge and experience that no other service provider in Hungary can boast. Working with a senior accountant, junior colleagues, and – when needed – external specialists like VAT or customs experts, we are able to cover all your accounting needs in one place. When starting up in a new country, most businesses do not have a local finance team, so foreign companies of all sizes must have a competent and specialized accountant’s support.
Reviews
What our clients say
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We have gone through a process of approximately one year. Naturally, during this period, there were many setbacks, problems, and events such as changes in laws. However, it was enjoyable to work with a results-oriented team that constantly took action to solve the newly arising issues. Especially with individuals like Dorka, Anna, Gergö, and Hilda, who help you take different and innovative steps to quickly resolve any problem. They are a team that knows their work, goes beyond the traditional European working style, and is always ready to support you. 🌸
From the company establishment process to post-establishment matters like residence permit applications, they provide significant support in many areas. I must emphasize that when something goes wrong, instead of saying, “This is your problem,” they adopt the mindset of, “Hmm, let’s see how we can find alternative ways to solve this.” Unfortunately, I can’t say the same for everyone in the Finance department, but overall, looking at the Helpers team, I can confidently say you will be working with a positive and professional group. 👌
Most of the team has been with Helpers for many years, so they are highly experienced and knowledgeable about almost everything. Compared to other companies that provide company setup services, they may be slightly more expensive. However, their quality makes this difference seem entirely normal and justified. After working with them, you realize how this small difference in cost positively impacts you.
We sincerely thank the entire team. They are a team I would love to work with again in the future, and I will always keep their contact information saved in my phone. 🤞
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My experience with Helpers team is excellent. During almost a year of cooperation we opened LLC company in Hungary, I received residence permit for 2 years. I have assistance in finance questions, accountancy, legal questions. All problems are solved in prompt and smart way. During this journey there were a lot of difficulties and complicated questions, plenty of request from authorities. But due to Helpers assistance actually I’m absolutely sure that any problem could be solved. They are like a part of my company. And I’m confident about this part.
I strongly recommend to establish your business in Hungary with Helpers. You will receive a pleasure from their problem-solving and communication skills. And your company will work properly for sure.
Also my special thanks to Tala Shalati, Anna Kőszegi, Norbert Tekler, Tímea Köbli and Tamara Szabó. I really appreciate that my acquaintance with Hungary began with you!
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I was welcomed by HELPERS who understood my expectations and concerns. Even though I came to ask for information on creating my photo studio, she clearly and simply explained the different possible solutions taking into account Hungarian regulations. In short, a very pleasant conversation.
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What can I say? Helpers really lives up to its name! Helpers is a classy organization that helps people get their business licenses in a really stress-free laid back way. I was so pleased at how easy it was to work with them and negotiate my needs. As long as you make sure they have all the information and papers that are needed to get the job done, believe me, they GET THE JOB DONE!
I was helped out mostly by Tala, Norbert and Boti. They were all friendly professionals and genuinely kind people!
They respond to emails professionally and promptly. They help and communicate with you through every step of the process and even offer tea and coffee along the way! Really, I couldn’t stress more how convenient it is for someone who doesn’t speak the language to have this sort of help. I couldn’t recommend it more to anyone who needs it!!
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I recently had the pleasure of working with Helpers Hungary to obtain a residence permit and set up a company as a foreigner, and I couldn’t be more satisfied with their exceptional service. From start to finish, the team at Helpers Hungary demonstrated professionalism, efficiency, and a genuine commitment to helping me navigate the complex processes involved.
Their expertise and knowledge in handling residence permit applications were evident from our first interaction. They guided me through every step with clear instructions and timely updates, ensuring that I had all the necessary documents and information. The entire process was smooth and stress-free, thanks to their meticulous attention to detail and proactive approach.
Setting up a company in a foreign country can be daunting, but Helpers Hungary made it a seamless experience. They provided comprehensive support, from choosing the right business structure to handling all the legal formalities. Their local insights and understanding of the Hungarian business environment were invaluable, allowing me to make informed decisions and avoid potential pitfalls.
The team’s dedication to their clients’ success is truly commendable. They were always available to answer my questions, address my concerns, and offer practical solutions. Their friendly and approachable manner made me feel at ease throughout the entire process.
In summary, Helpers Hungary exceeded my expectations in every way. Their professionalism, expertise, and unwavering support were instrumental in helping me achieve my goals. I highly recommend Helpers Hungary to anyone seeking assistance with residence permits or business setup in Hungary. They truly did a great job, and I am incredibly grateful for their outstanding service.
Frequently Asked Questions
FAQ
In Hungary, all companies must have accounting services through a licensed local accountant from the date of their incorporation. We are aware that some countries are more flexible or lenient in this regard, so we would like to ensure that our clients are aware of their obligations when setting up a company in this country, and can (with our assistance) run a compliant operation.
How do I issue an invoice?
Invoices to buyers/clients can only be issued through a licensed invoicing software. Invoices issued in Excel, foreign invoicing programs or other means are not acceptable in Hungary. With a certified invoicing software, you’ll be able to issue invoices in Hungarian and English, in full compliance with the local regulations, and even in PDF format if you wish. Of course, we will assist you in acquiring the software and learning how to use it.
VAT is value added tax, also known as sales tax in some countries. In Hungary, VAT is 27%, and whenever you buy something in a shop for example, it is always already added to the price you see. When you start your company in Hungary (which will immediately receive an EU VAT number as well), and issue your own invoices towards your clients, you will charge VAT only towards individual (retail) buyers or corporate EU-based buyers who are not registered for VAT. However, if you are an international trader, you may not charge VAT at all.
What are the basic corporate taxes I have to pay in Hungary?
The basic Hungarian business taxes are the following:
- local business tax: 2% on net revenues (meaning: your income minus any direct costs such as cost of goods or services that are re-sold)
- corporate tax (also known as profit tax): 9%; applies to profits after the deduction of all expenses including direct and general expenses
- dividend tax: the company’s taxed profits can be retained in the company’s budget or paid out to shareholders as dividend; in Hungary, dividend tax is 15% – however, this only applies to Hungarian residents; in the case of non-local residents, specific bilateral agreements between Hungary and your country of residence may apply. Dividend payments between companies are tax free.
- VAT (value added tax, or also known as sales tax in some countries) is 27%; whenever you buy something in a shop for example, it is always already added to the price you see. You will charge VAT only towards individual (retail) buyers or corporate EU-based buyers who are not registered for VAT, meaning that if you are an international trader, you may not charge VAT at all.
What are the most important dates for my accountant?
- Fiscal year closing / reports due: May 31st for the previous fiscal year
- VAT declarations and payments: on the 20th of each month, for the preceding month or quarter (depending on how often the company declares VAT)
- Payroll taxes & social contributions: on the 12th of each month, for the preceding month
- Corporate tax advances: paid quarterly on the 20th of July, October, January and April, in 4 equal installments, calculated on the basis of the previous closed fiscal year
What are the most important deadlines for me?
- Submitting invoices and bank statements to the accountant: 5th of each month
- Reporting sick leaves, salaries or bonuses: 1st of each month
- Reporting any changes in the company’s operations (changes in ownership, owner’s or director’s personal data, bank accounts, activity, employees, etc.): within 5 working days
