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…
We are BridgeWest Hungary and we are specialized in company formation and related services in Hungary. BridgeWest Hungary operates locally through Tálosi & Tálosi Attorneys, a prestigious law firm based in Budapest.Meet our company formation expert in Hungary below! Ádám Tálosi, Hungarian lawyer Dr. Ádám Tálosi studied at the Faculty of…
Investors who want to open a cryptocurrency company in Hungary have to take into consideration a few aspects, such as the formalities for the issuance of a crypto license in Hungary. One of the most important matters is that cryptocurrency is not considered yet a legal tender. However, the Hungarian authorities are actively working at creating…
An investor planning to open a SPV company in Hungary makes an important step towards risk minimization. The special purpose vehicles (SPVs) are enterprises representing an important protection element from bankruptcy or other losses. Our Hungarian company formation experts can help you establish a SPV company in Hungary and safely continue your business in this country. Advantages…
The purpose of company liquidation in Hungary is to dissolve a company and satisfy the claims of its creditors. The legal grounds for company liquidation are set forth in the Bankruptcy Act. Any company in Hungary that wants to end its activities needs to observe the proceedings for this purpose as described by law (our team provides…
The main legislation that must be followed by those who want to establish a branch in Hungary is the Branch Offices and Commercial Representative Offices Act CXXII of 1997, which must be respected during the commercial activities carried out by the branches of foreign companies. If you choose to invest in Hungary by expanding your…
