In our line of business, it is essential to stay up-to-date on regulations and trends, and to keep track of changes in immigration and corporate law. As a Helpers client, you will never miss out on an opportunity or experience delays because of outdated information.
Our news section contains articles on many topics that are of interest to our clients, including immigration law and programs, business and taxation news, as well as practical advice on various aspects of doing business and living in Hungary. Hope you’ll find it useful!
Got a cool logo or a witty motto? Why not register them as trademarks? If you want your company’s name, logo or motto protected by Hungarian or European law, you can start the trademark registration now and get your company the proper recognition.
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Even though the Hungarian Residency Bond program is suspended, there are plenty of opportunities for international investors to get a Schengen visa and settle in Europe. One of the newest programs is the Montenegrin citizenship program.
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If you have a permanent residence permit, you can simply renew it without meeting any further requirements. Naturally, you will need some supporting documents, partly depending on whether you and/or your family members actually live in Hungary.
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If you own a Hungarian company, you have to pay certain taxes and contributions after the dividend you take based on whether or not you are a tax resident in Hungary.
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Calculating the taxes on dividend and dividend advance is a complex task, so make sure to ask your accountant or payroll specialist to advise you on your specific case before you take dividend from your Hungarian company.
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In general, the costs related to a business trip are accepted as business costs in Hungary, and as such are deductible from the corporate tax. Some expenses, however, are subject to the so called “representation tax”.
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Company owners are allowed to take dividend from the profit of the company. From 2019 January, regulations on dividend tax change: instead of the health contribution, a social contribution tax is to be paid to the tax authority.
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When moving or expanding your business to the EU, Hungary is the best choice, with quick and easy company formation, instant EU VAT number, and simple work permit procedure if you want to bring work force from India – or any other part of the world.
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Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.
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In 2019, many bank holidays will be on a Wednesday, in the middle of the week. At the same time, if the holiday falls on any other day, Hungarian people usually prefer to have long weekends in exchange for a Saturday that would otherwise be a rest day.
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