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 As a Helpers client, you will never miss out on an opportunity or experience delays because of outdated information.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!
According to new regulation, you must actually spend half of your time in Hungary to stay eligible for residency renewal. The minimum stay requirement is defined in 90 days in any 180 days.
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In 2020, many bank holidays fall on weekends. However, Sundays that are bank holidays are different from regular Sundays. On bank holiday Sundays, shops are typically closed, and if you need employees to work, different wage supplements will apply.
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If you are eligible for voting at the municipal elections, you were automatically added to the list of local voters when you registered your address. This means you have received a letter from the local government stating the time and date of the elections, together with the venue where you can cast your vote.
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In Hungary, you can buy property regardless of nationality. Whether you want to buy real estate for rental purposes, as the headquarters of your business, or as a home for your family, you will find that Hungary offers attractive options, for fraction prices compared to Western Europe.
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Employ disadvantaged workers and reduce the payroll taxes your Hungarian company pays to make your Hungarian operation more cost-effective.
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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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Working time refers to the time your employee spends working for your company. In Hungary, working hours are limited to 40 hours a week. However, the distribution of those working hours might vary.
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As of 1 July 2019 the Employer’s payroll tax decreased from 21% to 19%. This is thanks to the decrease of the social contribution tax from 19.5% to 17.5%, as it is a major element of the payroll tax (the other is the vocational training contribution tax at 1.5%).
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While you have great freedom in what tasks to assign to your employees, you should get familiar with the most important aspects of the labor law before making your first hire at your Hungarian company.
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Getting residency by investment is a simple way for getting visa-free access to new countries or for securing a second home for yourself and your family. In Europe, the investment residency program of Malta is among the most popular ones. Now it also offers a financing option for investors.
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