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…
Reasons for investing in a Hungarian limited liability company Being a country with low taxes and a stable economy, Hungary represents a very attractive country to set up a company, and the preferred by foreign investors is the Hungarian KFT (limited liability company). The incorporation period is rather short and it adds to other advantages…
ICO in Hungary refers to a procedure through which businesses and persons involved in cryptocurrency activities can raise capital for their business ventures. ICO defines initial coin offering, the procedure through which a company can raise its capital through the issuance of tokens (which are virtual currencies). Such tokens are sold to investors, who, in return, will obtain various financial advantages,…
Numerous businessowners who have incorporated a company in the UK, regardless if they were local residents or foreign investors, started considering relocating their companies in other European countries when Brexit was decided. As of 2021, the UK is formally no longer a part of the European Union (EU) and this has multiple consequences in regards to trading…
If you are a foreign investor and you open a company in Hungary or you have shares in a domestic company in the country, you will be repatriating your profits. The process of repatriating your profits in Hungary is bringing out your profits from your business in the country to where you or your company…
The Hungarian business environment is recommended for those who want to open an IT company in Hungary, as this market is one of the most representative in Central Europe. Foreign investors should also know that Hungary is a member state of the European Union (EU) and, as such, the legislation applicable to companies here follows…
Those who choose to open a restaurant in Hungary need to be very well informed about the country’s rules and regulations regarding establishments that store and sell food and/or alcoholic beverages for clients. These types of businesses need to make additional efforts to ensure food quality and safety. Our company formation experts in Hungary can help you establish…
Tourism in Europe is a very well-developed industry, especially considering that Europeans do not need visas or other immigration formalities within the EU’s and Schengen’s borders. This is why it is recommended to invest in a travel agency in a European country, as each one can have its competitive advantages.…
The Hungarian holding company represents a legal entity that is created for the purpose of holding shares in other companies, and its main role is to create a group of businesses. What is the role of a holding company in Hungary? Basically, a holding company doesn’t have business activities like producing goods or providing services. Its main responsibility is…
What is a shelf company? A shelf company in Hungary is an excellent option for foreign investors who do not want to register a new company in Hungary. These companies have already been incorporated but have been left dormant, meaning that they have no commercial activities but have all the incorporation documents in…
