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You’re thinking about opening a new company, and Hungary is the place where you want to build your dreams. Here are the benefits that opening a Hungarian company may offer to you. Hungary has a stable economic and political system Real real GDP growth has been expected to pick up to 3.7% in 2017, from […]

There has been a couple of weeks passed on since the latest administration nuisance: Company Gate registration became available, and we released our first news about. Below we give a more detailed overview of Company Gate administration. What’s it good for? Company Gate is an official storage space available to business organisations. According to the […]

Attention: KFT owners Hungarian limited liability company owners shall pay attention to obligatory share capital increase.  According to a 2-years-ago passed bill KFT minimum share capital was set to HUF 3,000,000 from the former HUF 500,000. Accordingly since 15 March 2014 newly established KFTs need to have minimum HUF 3 million share capital. Nevertheless owners of […]

As a company owner or manager it’s worth knowing that telephone services will imply significant extra costs if you don’t pay attention. The law by default assumes there was private usage, and this does prohibit deducting the VAT of the expense. For this reason the VAT act applies the 70% rule on deductibility: meaning that 30% of […]

  Basic information The value added tax is called „Általános forgalmi adó” or simply „Áfa” in Hungarian. Hungary is a member state of the European Union. Non-Hungarian entities are required to register for Hungarian VAT if they perform business transactions in Hungary. The main source of Hungarian VAT regulations is Act CXXVII of 2007 on […]

In this article you will learn about two special business organisations that are available in Hungary for foreing companies to carry out business activity. These business organisations differ from the common forms of companies, however may easily be suitable for several foreign enterprises.   1. Branch offices Foreign entrepreneurs may conduct their business in Hungary by opening […]

For particular tax, accounting and audit questions please contact us. The objective of Doing Business in Hungary 2016 is to provide guidance on the business environment in Hungary for those decision-makers who are interested in engaging in business activity in Hungary. The publication focuses on the general overview, like currency, climate, cost of living, bankink, and […]