When registering your Hungarian company, you should also indicate its main activity. You do not simply state what you are planning to do: there is an official list, accepted by all EU countries, and you select the item that suits your planned activity the most. Each activity has a numeric ID, which is called their …
Your Hungarian company’s activity and your NACE code Read More »
Hungary is the ideal place if you want to set up your business in the EU. Advanced infrastructure, central location, and favorable taxation options make Hungary a friendly business environment, and many foreigners move here with their family so they can build a new life in the EU.
Using a virtual office as your seat address can save your Hungarian company a lot of time, effort, and money. You can have competent assistance from Day 1 of your operation for the fraction of the cost of an employee, and you can rest assured your official mail will always find you.
All companies registered in Budapest have obligations towards BKIK, the Budapest Chamber of Commerce: every year, they must provide the Chamber of Commerce with information about their activity and pay a small contribution. However, joining BKIK is optional, meaning that the yearly contribution is not a membership fee. So what is the difference between the …
BKIK membership as opposed to yearly contributions Read More »
If you are interested specifically in setting up a transportation company in Hungary, you are in the right place. We have just launched our page dedicated to the topic, with industry specific information, a couple of videos, and a profit calculator.
Applying for a VAT number is in most cases part of the company setup procedure. In Hungary, you can apply for an EU VAT number right when you register your company, without extra costs or waiting time. But what is a VAT number for?
Hungarian company formation is quite quick: thanks to the simplified company registration procedure, your enterprise can be registered within a week of submitting the required documents. To make use of this quick procedure, the articles of association of your enterprise must follow a certain template. However, simplified company registration does not apply to every form …
Business structures and company registration in Hungary Read More »
Are you wondering about starting a business during the pandemic? Among other favorable conditions, Hungary offers the option of forming a company by power of attorney. This is a significant advantage since international travel is still restricted. All you need is a reliable partner to take care of the bureaucracy: a role that we will …
Attestation of POAs for company formation in Hungary Read More »
The year 2020 saw business stunted around the world due to Covid-19. Thanks to the measures of the government, most enterprises in Hungary have been able to continue their operations so far. However, the credit moratorium will most likely end in 2021, meaning that a sudden increase in company terminations cannot be ruled out. This …
Company registrations in 2020: the effect of Covid Read More »
