Have you ever thought about expanding your startup to Slovakia? The position between several European countries, growing infrastructure and euro currency lure many foreign investors and entrepreneurs and this article will explain you some basic obstacles you will have to overcome in order to successfully open your business in Slovakia. Startup scene in Slovakia has grown tremendously in the past couple of years, also thanks to governmental support including for…
It is natural that we wish to live with our family and the law respects this instinct. Whether you are a third country national working in Hungary or a Hungarian citizen with third-country national family members, they have an opportunity to join you. If the intended duration of the stay exceeds ninety days within any one hundred eighty day period, a residence permit may be issued to a third country…
KATA is a mosaic word for the so called Fixed-Rate Tax of Low Tax-Bracket Enterprises and on Small Business Tax whose detailed rules are regulated in the Act CXLVII of 2012 on the Fixed-Rate Tax of Low Tax-Bracket Enterprises and on Small Business Tax (afterwards: KATA Act). This tax system has been introduced originally for small taxpayers, i.e. low tax-bracket enterprises and for small businesses and allows a system for…
Companies in Hungary are legal persons, i.e. they have legal capacity, the shall be entitled to have rights and obligations. Their legal capacity covers all rights and obligations that do not inherently pertain solely to individual human beings (e.g.: religious beliefs), consequently the provision ont he protection of personality rights shall also apply to the inherent rights of legal persons as well. Legal persons may be established only in a…
Tax system in Hungary is classified into 2 fields: central (e.g. corporate income tax, VAT) and local levels (e.g. local business tax charged by the local municipality). For both of the fields is the so called self-assessment-principle determinative. But in certain cases the Hungarian tax authority, the National Tax and Customs Administration (NAV) is also entitled to enforce and collect tax.
Are you facing a serious takeover? Are you thinking about how to reduce your costs and save as much money as possible during the procedure? Would you like to prevent and avoid all of the unexpected risks they can emerge relating a takeover? A detailed, carefully conducted due diligence investigation is the solution you need. What are the most important things you need to know about the process? Before an…
Are you thinking about to move to Hungary, or have you heard the countries increasing investment opportunities, so you’ve decided to put your money in a charming flat or apartment in the heart of Budapest to feel the vibes and spirit of the Hungarian capital city or wanting to discover the natural beauty of the Hungarian countryside? Are you clueless, because you have no idea how to begin with the…
Are you thinking about to move to Hungary, or have you heard the countries increasing investment opportunities, so you’ve decided to put your money in a charming flat or apartment in the heart of Budapest to feel the vibes and spirit of the Hungarian capital city or wanting to discover the natural beauty of the Hungarian countryside? Are you clueless, because you have no idea how to begin with the…