Intra-corporate transfer: a reason for setting up a subsidiary in Hungary

Intra-corporate transfer: a reason for setting up a subsidiary in Hungary

Company Formation

Before you set up your Hungarian company, stop and consider who will work for it. If you are planning to move employees of another company of yours to Hungary, it might be better to set up a subsidiary instead of a standalone company, and take advantage of the preferential work permit procedure available to affiliates: intra-corporate transfer.

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Retention periods – Storing documents at your Hungarian company

Retention periods – Storing documents at your Hungarian company

Administration, Company Formation

In relation to Hungarian business operation, the retention period of documents is the time for which you are obligated to keep documents accessible and safe. The retention period of different documents varies, but it is always mandated by law. If multiple regulations mention one type of document, always the longer period prevails. Regulations apply to both electronic and physical documents.

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Subsidiary, branch office, representative office in Hungary – which one is right for your business?

Subsidiary, branch office, representative office in Hungary – which one is right for your business?

Administration, Business, Company Formation

If you already operate a business abroad and are planning to expand into Hungary, you have several options available. The most common solution is to establish a Hungarian limited liability company (LLC), but depending on your goals, a branch office or a commercial representative office may also be worth considering.

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Hiring executives at your Hungarian company – what you need to know

Hiring executives at your Hungarian company – what you need to know

Business, Company Formation

As your Hungarian company grows, you may want to add more executives – either by promoting current employees or hiring new ones. Executive roles come with special rules, fewer protections, and in some cases, changes to work permits, so make sure to consult a specialist like Helpers before you proceed with hiring executives.

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