The objective of Doing Business in Hungary 2022 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 safety and security guidance, followed by a broad outlook on the current economical situation. You will learn from our booklet what business organisations are allowed in the Hungarian company law, what are the criteria to estblish a particular company, what are the minimum share capital requirements, and what is the procedure to form a company.
This publication also deals with the taxation system of Hungary and gives detailed guidance on corporate tax, tax deductibles and tax incentives in Hungary, value-added tax system, personal income tax. A brief guidence will also be found about small business tax, small taxpayers’ itemized lump sum tax, employment taxation, local business tax, innovation contribution, company car tax, withholding tax, and finally tax penalties.
Hungary is an attractive investment target for foreign companies with its qualified human resources, language skills and outstanding location in Central Europe.
Our Doing Business in Hungary booklet has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained herein without obtaining specific professional advice. Please contact us to discuss these matters in the context of your particular circumstances. Neither we nor our partners, employees or agents accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.