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Company Setup in Hungary I 5 Good Reasons to Start

By 26 March 2022October 31st, 2022No Comments

In this article, we will mention why you should Start Your Business in Hungary and Company Setup in Hungary with the advantages and opportunities.

 

Company Setup in Hungary

5 Good Reasons to Start Your Business in Hungary 

In the following article, we try to collect all the main advantages of registering a company in Hungary.

 

1. Gate to the EU

Hungary has been a member state of the European Union since 2004. Our country is also part of the Schengen zone. Hungarian residence permits are valid for other EU countries as well.

Companies may register an EU VAT number with all the advantages of that.

2. A Stable Economy, Good Infrastructure

Hungary has a developing economy and infrastructure. Modern and cheap industrial parks are available with good road connection.

Internet and mobile phone accesses are available countrywide.

Most of the government services are accessible electronically or may be done via authorization (power of attorney).

Gurcan Partners International Law Firm is a corporate member of Foreign Economic Relations Board  (DEIK) and DEIK Hungary Business Council.

Hungary Business CouncilsDeik Member

 

3. Low Taxes and Wages

Taxes in Hungary are one of the lowest in among the countries of the European Union.

So far we have assisted over 400 companies. Check out our experiences.

Please check our article regarding Taxation in Hungary.

 

”For example, corporate income tax is only 9%.”

Wages are relatively low and Hungary may offer a well-trained workforce for enterprises. 

The average gross salary is 292.900.- (ca. EUR 945.-; source.)

 

Please check Frequently Asked Questions about Company Establishment in Hungary.

 

4. Low Costs of Company Registration and Upkeep

Company registration and upkeep fees are very low in Hungary. You can start your business for as a low price.

 Check out our article on Company Registration in Hungary I Step by Step.

 

For example, we offer complete packages for our clients where you get a ready-made, ready-to-use, fully registered Hungarian enterprise.

Company registration and bank account opening may be done personally or via power of attorney (notarized authorization).

 

Gurcan Partners provides company formation services with its professional, experienced team. Please contact us via our email:

Please Contact Us

@: [email protected]

or Call Us

+ 36 1 808 9449 (English)

 

5. Friendly Culture

If you consider starting a stable enterprise, Hungary and Budapest offer a safe place for doing business.

People accept multiple cultures. Every year especially Budapest many investors and tourists from all over the world.

All in all, if you are about to start or move your business to a low-tax but legally and a politically safe area within the EU, It is a wise choice to start your business in Hungary.

During the process, our international team is ready to help you. You can have a check our professional team from here.

 

Gurcan Consultancy provides accounting and virtual office services with its professional, experienced team. Please contact us via our email:

Please Contact Us

@: [email protected]

or Call Us

+ 36 1 808 9449 (English)

Check out Gurcan Journal for more articles in 13 languages. Schedule your online meeting below.
To read our other articles about Hungary:
  1. Company Taxation in Hungary I ” KATA ” Start-up Friendly Taxation
  2. Taxation in Hungary I Taxes – Social Security
  3. Company Registration in Hungary I Step by Step
  4. Company Formation in Hungary
  5. Buying Property in Hungary

Company Setup in Hungary

Gurcan Partners Budapest Office

@: [email protected]

Gurcan Partners

 

All rights reserved. All rights of Company Setup in Hungary article belong to Gurcan Partners. The author has no responsibilities from the information of this article. This article is prepared just to inform.

 

Contact Us

Please contact us via mail. We endeavor to respond within 24 hours.

@: [email protected]

or Call Us

+ 36 1 808 9449 (English)

 

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Westend Business Centre, 7th Floor, Váci út 22-24, 1132 Budapest /Hungary

@: [email protected]

Phone: +36 1 808 94 49 (English)

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