When looking for the best country to set up your trading business in Europe, Hungary stands out for several reasons. Low taxes, a strategic location, well-developed infrastructure and low business costs make it an ideal place to set up your trading business.
As of 2017, Hungary has the lowest corporate tax in Europe. As usual, the tax is calculated based on a company’s profit, so all business costs can be subtracted from your total income. This extremely low tax is applicable to all Hungarian companies, regardless of size or trading volume.
Hungary is located at the geographical center of Europe. The country’s shipping and transport infrastructure is well-developed. Thanks to it, you can reach all of the continent, by air, rail, land or water. Major world cities outside Europe have regular air and railway connections to Budapest. Hungary is also a full member of the EU and the Schengen zone. This has the added benefit of free movement of goods and people.
The cost of living in Hungary, as well as renting warehouse or office facilities, is very cheap in Hungary compared to Western Europe. This means that you will get a much better value for your money here than you would in France or Germany.
Incorporating a limited liability trading company in Hungary is quick and uncomplicated. In just 4-5 business days, you will have your trading company ready. It also comes with an automatic and immediately functional EU VAT number. Our comprehensive company incorporation package also includes a registered seat address with mail forwarding. And, to keep your business running smoothly, we have a competent English-speaking accounting team at your disposal. Contact us for a quote today.
Last updated 28.11.2019
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