Monday, 19 December, 2016
Value Added Tax, or VAT in Hungary is a consumption based tax, which is regularly added to the net price of products sold. If you have a company and you can reclaim VAT, its sum will matter to you. So let’s see the changes to VAT in Hungary in 2017.
Read MoreMonday, 19 December, 2016
Hungarian taxation rules are quite strict. If you run a Hungarian company, you need an accountant who is knows the latest updates to regulations and all declaration process changes.
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Wednesday, 14 December, 2016
If you want to set-up a company in the EU, Hungary has been the best choice for a long time. Now running a business in Hungary will become even more economical thanks to new legislation on 9% corporate tax from 2017.
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Thursday, 8 December, 2016
A residence permit based on business ownership in Hungary is usually granted for a year. During this year, you’ll have to do the groundwork and launch your business, and show the Immigration Office that your business is sustainable and profitable, so that it provides the necessary means for you to live in Hungary.
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Thursday, 8 December, 2016
The rental market is booming, and many apartment owners prefer to rent to a Hungarian who they can talk to in person, and who they believe knows local customs better. The situation is even more difficult when you are trying to rent a place before arriving to Hungary: the fact that they cannot see you in person dissuades many people from signing a contract with you.
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Thursday, 8 December, 2016
Hungary has a long-standing cafe-culture, but while this used to be an afternoon or evening pastime, expats and young Hungarian professionals have created a trend to have breakfast or brunch at their favorite cafe.
Read MoreThursday, 8 December, 2016
When deciding if you want to rent an apartment or a house or buy one, there are several questions to consider. Do you plan to spend a lot of time there? Would you also use it as your office? Would you prefer to be able to use it for a vacation rental when you are not using it yourself?
Read MoreThursday, 8 December, 2016
Since more and more tourists prefer to rent an apartment rather than staying at hotels, buying a small apartment to be converted into a vacation rental is an excellent investment opportunity in Hungary.
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Thursday, 8 December, 2016
There are a lot of Iranian students and residents in Budapest, the capital of Hungary. While they are happy to explore the lifestyle and cuisine of Hungary, they also miss the taste of home. However, there are very few Iranian or Persian stores that sell the ingredients for a traditional home-cooked meal.
Read MoreThursday, 8 December, 2016
The United Arab Emirates have traditionally been attractive for investors, especially from the Middle-Eastern region. However, the business environment for foreign investors is becoming less and less stable. As such, moving from UAE to Europe might be beneficial.
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