Moving your business to Hungary? Whether you are setting up a subsidiary to your existing business or a completely new venture, the Limited Liability company (or LLC for short) is an excellent option for starting your operation in Hungary and the EU.
NACE, the classification of economic activities in the EU received an update. In Hungarian, it is referred to as TEÁOR’25. See if you need to do anything.
Transparency is a key value in the European Union. When you set up your Hungarian company and want to register for mandatory services, you are expected to present the ownership structure of the company in a transparent way.
You can become an EU resident and gain visa-free access to the EU if you set up a company in Hungary. Alternatively, if you become a Hungarian resident first, you can more easily set up a company and start trading in the EU. The Hungarian guest investor program offers an excellent opportunity for that.
When you set up your business in Hungary, your company will need a name which clearly identifies it and which distinguishes it from competitors. A Hungarian company name must be unique, correct, and appropriate. What does that mean? Read on to find out.
Hungary has introduced a new immigration law that came into force on 1 January 2024. It will not affect Hungarian company setup, which will remain available to all nationalities. However, it will affect residency applications for the managing director, the employees, and their family members.
Starting a business in Hungary is very easy. Registration is done in 4-5 business days, and you immediately get an EU VAT number as well, so you can start trading in no time. You only need a bank account to manage your finances, and you are ready to go. But what else to consider before setting up? Here is a list of the most important things – with which our team will be happy to help.
The Hungarian Central Statistical Office publishes reports regularly about various topics, including the developments in Hungarian economy. Read a short summary of the latest reports to see how foreign-owned companies are doing in Hungary, and that Hungary has room for your business too.
Hungarian company formation is allowed for any legal person who is not specifically forbidden from doing so. But how does that work in practice?
In Hungary, data of any company are registered with the Company Registry, and it is the owner’s or the executive’s responsibility to keep those data up to date. Some changes can be simply reported, but changes to core data require a more complex procedure called company modification. Learn what these are, and how to handle …
