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…
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…
Hungarian business environment is recommended for the incorporation of a company with business activities in the field of information technology (IT), as this market is one of the most representatives in the Central Europe. Foreign investors should also know that Hungary is a member state of the European Union (EU) and, as such, the legislation applicable…
What is the role of a holding company in Hungary? 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. 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…
Starting a business in Hungary as a foreigner implies choosing a legal structure, preparing the incorporation documents in accordance with the selected entity and the registration with the Trade Register. With a vast experience in company formation in Hungary, our local specialists can guide foreign investors coming here with the purpose of doing business. Businessmen who…
