Category: Company Formation

Stay informed on business and immigration in Hungary

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 As a Helpers client, you will never miss out on an opportunity or experience delays because of outdated information. Sign up for our newsletter and receive a monthly summary of our top news.

Our blog contains news on immigration law and programs, business and taxation changes, as well as practical advice on various aspects of doing business and living in Hungary. We work hard to post about any relevant new information within hours, making the Helpers blog an essential resource. We also react to frequently asked questions by clients and partners, so please use the search function or the keyword filter below. And if you still have questions, contact us!

How does VAT in Hungary change in 2017?

December 19, 2016 Accounting and Finance, Business Immigration, Business Planning, Business Solutions, Company Formation, Franchise Opportunities

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.

What are the changes to the tax declaration process in 2017?

December 19, 2016 Accounting and Finance, Business Immigration, Business Planning, Business Solutions, Company Formation, Residence Permit, Virtual Office

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.

How do Hungarian personal income tax and social contributions change in 2017?

December 19, 2016 Accounting and Finance, Business Planning, Business Solutions, Company Formation, Staffing Solutions

Personal income tax in Hungary is currently 15%. It is deducted from the gross salary of employees, who get only their net salary. It is the employer who transfers taxes and contributions to the authorities. This will not change in 2017 – let’s see what will!

9% corporate tax to make running a business in Hungary even more economical

December 14, 2016 Business Immigration, Business Planning, Company Formation, Franchise Opportunities, Residence Permit

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.

How do I keep my European residence after Brexit?

December 8, 2016 Company Formation, Residence Permit

For UK citizens living or doing business abroad, Brexit is likely to have a host of negative consequences. Hungary, boasting the lowest corporate tax in Europe, has long been an attractive country for UK investors. Since the country is a permanent member of EU and the Schengen area, with no intention to leave, as a UK investor, you can combine all its advantages

Should I open a cafe in Budapest?

December 8, 2016 Business Immigration, Business Planning, Commercial real estate, Company Formation, Residence Permit

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.

What does due diligence mean for my Hungarian company?

December 8, 2016 Accounting and Finance, Business Immigration, Business Solutions, Company Formation, Residence Permit

Keeping your Hungarian company compliant starts with submitting all reports and accounting documents on time, paying taxes, contributions and salaries when they are due and ensuring all contracts and invoices conform to regulations. In order to ensure this, you need to gather reliable information about all your business partners; ideally, before you start any business dealings with them.

Should I hire a Hungarian employee?

December 8, 2016 Business Solutions, Company Formation, Personal Assistance, Staffing Solutions

In most of Europe, the local official language is used by the Tax Authority, government and municipality offices, in banks, in contracts and in everyday life. Hungary is no exception: most letters a business owner has to read and most forms they have to fill in are in Hungarian. Similarly, the customer service representatives of the electricity provider or the repairmen and technicians are highly unlikely to speak foreign languages.

Should I buy into a franchise in Hungary?

December 8, 2016 Business Immigration, Business Planning, Company Formation, Franchise Opportunities, Residence Permit

Buying into a franchise you will be in control of your own business and develop it at your own pace while also enjoying the benefits of an established brand, a proven and successful business model, and a local partner who is just as devoted to your success as you are.

Should I buy a shelf company in Hungary?

December 8, 2016 Business Immigration, Business Solutions, Company Formation, Residence Permit

Buying a company is not only a convenient option, but usually requires less paperwork and offers an easier start. However, thanks to the quick administrative procedures and our well-coordinated partners, registering a new Hungarian company is much easier and quicker than buying a ready-made business.