Foreigners are allowed to open a trust in Hungary, a structure that is designed for asset management purposes. It must be noted that foreigners do not need to have a residence permit issued by the Hungarian authorities in order to register this type of entity, making it a very attractive…
Foreign investors can set up their operations in Hungary through a variety of structures. They can incorporate commercial companies or non-for-profit structures (which can take the form of associations or foundations). Those who want to open a foundation in Hungary must abide by the requirements of the Hungarian Civil Code.…
A fiscal representative in Hungary defines the entity that is appointed as the tax representative of a company, who will handle various formalities established by the Hungarian authorities. While for some companies, there isn’t a legal obligation to appoint a fiscal representative, for others, it is mandatory in order to…
Payroll in Hungary refers to all the accounting procedures and other formalities related to the taxation of employment. Payroll refers to the calculation of the employment taxes, benefits, bonuses, vacation days, sickness benefits and many others. Payroll is a procedure that falls under the responsibility of our accountants in Hungary…
