Setting up a business in a foreign country could be a worrying discussion. This is because of the totally different legal system one has to navigate, as well as the unfamiliar regulations.
For people who wish to establish and grow their business in Hungary, having a firm and reliable local partner is very important.
Firmax will be your business partner for all services, including requirements. Its foundation is solid and operations are perfectly compliant with local laws-forming companies and tax optimization to immigration services and continuity business support while making things easier for you so that you can devote all your time and energy to what matters: growing your business.
When it comes to business expansion in the EU market, Hungary brings many advantages to emerging entrepreneurs located in Central Europe. Committed tax rates and a severe legal framework with low operational costs are becoming increasingly attractive locations for business owners. Start small or grow big, firmaX is present through every single step of the journey with you.
Why People Choose Hungary for Business Expansion?
Hungary is the place for businesses of all shapes and sizes, an enterprising and cheap environment within the EU. This leads to easy access to the European market, competitive tax rates, and strategic scope in Central Europe. The business-friendly Hungary also includes very low-cost operational running, making it a perfect location for starting a new business.
Starting your business in this country gives favorable taxation, the opportunity for skilled labor, and the possibility to expand within the European Union.
Considerations for Setting up Your Business
Setting up a business in Hungary is a very straightforward process, but there are a number of critical considerations. Common legal structures and registration processes, as well as administrative tasks, save time in the process and ensure compliance.
Navigating the Company Registration Process
In Hungary, it takes several steps to register a business. With FirmaX, your business partner in Hungary, it’s quite swift and simple. Here is a brief overview of what it involves:
- Company Registration at the Court: We assist you with registering your business into Hungary’s official company registry while ensuring all legal compliance.
- Chamber of Commerce Registration: Each business has to be registered with the Hungarian Chamber of Commerce, which we do for you, along with every fee payable there.
- VAT and Tax Registration: We help conduct the local VAT and the EU VAT application, allowing your business to operate within Hungary and the EU.
- Statistical Office Registration: Entry into the Hungarian Central Statistical Office for the proper classification of your business for statistical purposes.
FirmaX Services to Simplify Your Business Journey
At FirmaX, we take our services into business partnership with you. We have varied activities for you as you venture into business pursuits. From the establishment of a company to its legal and tax consulting aspec, we form the basis of your success.
Most expats do business from home but have some grand addresses for business that carry the stamp of Hungary. Our virtual office services provide you with a fully equipped office space including:
- Registered Hungarian business address
- Mail handling and forwarding
- Access to meeting rooms and coworking spaces
- Using a virtual office increases your professional image while allowing location flexibility.
Legal and Tax Support for Business Owners
Working in Hungary requires careful attention to legal and tax matters. FirmaX provides a complete range of services to keep your business operations compliant as well as to take advantage of the favorable conditions for taxes in Hungary:
- Tax Optimization- The lowest corporate tax rates in the EU are according to what Hungary offers,. We help you determine how to maximize your savings by structuring your business in the way that is most favorable for taxation.
- Legal Guidance- Advice about contracts to issues of intellectual property and even employment law, our legal experts are here to help you get appropriate guidance on time.
Streamlining Your Business Operations
As a business owner in Hungary, you’ll need to stay on top of various administrative tasks. FirmaX will take care of these activities for you so that you can focus on developing your business. These are the services we offer:
- Accounting and Bookkeeping: While you stay busy with your work, we carry out accounting services for you, and your financial records will be correct and up-to-date at all times.
- Corporate Bank Account: We will assist you in opening a corporate bank account, which is another important step in the life-cycle of your business, in handling transactions.
- Employee Recruitment and Work Permits: If you are going to hire employees from Hungary or abroad, we can help you with work permits and compliance with local Hungarian labor laws.
The Advantage of Residency Through Business Ownership
Setting up a company in Hungary benefits a lot, but the one that stands out most is residency. As an expat, starting a business qualifies you for a residency permit, which is attratice option for many entrepreneurs.
- EU Citizens: Looking to live and work in Hungary? Well, if you are an EU citizen, you do not have any restrictions for doing this. Setting up a company adds more ‘official’ badges to it.
- Non-EU Citizens: Third-country nationals could have legal grounds for applying residency permission to reside in Hungary under the business activities of running a company.
Why is FirmaX the best partner in Hungary?
At FirmaX, we take pride in being more than just a service provider; we are your business partner in Hungary. Our dedicated team of experts is committed to supporting you throughout every stage of your business journey, from initial company formation to ongoing operational support and assistance in achieving your business goals in Hungary.
- Complete Services- We indeed offer all that you need to start and run a business, including legal, tax, immigration, and administrative assistance.
- Professional Help- With our substantial experience in helping expats in Hungary, we can assure you of expert advice and services according to your needs.
- Competitive Pricing- Our rates are low, we do not compromise on the quality of services we offer.
Conclusion
Starting a business in Hungary is an open and smooth process, especially when you have the right partner by your side. FirmaX is honored to present itself as your business partner in Hungary, a place of excellent guidance and numerous services that will assist you in doing business.
Thus, from company formation to tax planning and virtual office solutions, we ensure that your business runs smoothly, allowing you to concentrate on growth and success.
Get in touch with us today to discover how we can help you in Hungary.
