Please note that we only provide help to candidates that have prior business or managerial experience and that will maintain SELF-EMPLOYED status in Europe via creating their own business or extending a branch of their existing company or by joining an existing business as an active partner. We do NOT offer job search.

Hungary joined the European Union in 2004 and it is a part of the Schengen Zone. The capital city of the country is Budapest which has 1.7 million inhabitants, is considered a financial hub in Central Europe. Budapest has been ranked as Europe’s 7th most idyllic place to live due to its beautiful sights and affordable cost of living.

In order to obtain a Hungary’s resident permit (RP) that is also recognised in all European Union countries for up to three years the easiest and quickest solution is to set up a company and start a business.

During the application procedure we will form a Hungarian company with you being the director of the company. One time visit to the country is enough to form the company, to open the bank account and to start the business activity. If you cannot travel this first time, we will help you do it in your absence.

We help you with the whole process and preparing all the necessary documents for you to apply for the Hungarian resident permit.

The company is formed by signing the article of association at a registered lawyer by all founders. The document includes all the necessary information about the company itself, its members, directors and officials, their rights and responsibilities. The signature patterns are also recorded that time. The lawyer submits the article of association electronically to the Registry Court to obtain the company registration number.

There are three types of the most common legal entities that can be incorporated in Hungary: limited liability company, joint stock company and sole proprietorship. Limited liability company is suitable for most small and medium size business and can be founded within short period of time. The amount of share capital needed for incorporation is 10 000EUR that can be provided partially by contribution in kind. Depending on the business itself, further licenses might be necessary to perform the activity.

A bank account needs to be opened after forming the company. Citizens with any nationality can open a bank account in Hungary, but have to be presented personally at the bank and showing their passport as proof of identity.

In order to facilitate electronic administration whenever is possible an online client ID is assigned to the company. This ease and speed up the processes with local authorities where applicable.

The company must be registered at various local authorities within certain amount of time after the company is formed. Registration includes the municipality for paying local municipality tax, the Chamber of Industry to pay annual fees, the Central Statistics Office and the National Tax Office to obtain tax number.

It is suggested that the applicant for resident permit become one of the employees (director) of the company. The minimum gross salary (400EUR/month) according to law costs 530EUR/month to the employer, the net salary received by the employee is 275EUR/month. ДОБАВИТЬ However, you can engage yourself and your workers on a pat time basis. It is expected that you have at least three local people / EU citizens.

Personal income tax rate is 15%, pension contribution is 10%, healthcare contribution is 7% and 1.5% unemployment insurance paid by the employee from gross salary. Social contribution 27% and training contribution 1.5% is paid by the employer. Dividend is taxed at 10%. Treaties ensure that no double taxations occur with on taxable income received from other countries.