FirmaX Corporate Services Hungary
Over three billion euros worth of foreign investment was brought into Hungary during the first three months of 2019. The Hungarian people are well aware of the fact that investments made from outside of the country have a sizeable impact on the Hungarian economy.
As a direct result of this, foreigners are welcomed and accommodated in the commercial environment of Hungary. Hungary has many other advantages in addition to having lower taxes and a fantastic global political location.
The following is a list of some of the most significant benefits that can be obtained from conducting business in Hungary:
Incredible Business Location
In the exact geographical center of Europe is the country of Hungary, which also happens to be a part of the European Union. It was historically important because it served as a connection between the East and West of Europe and it continues to be an important economic and social center today.
When you establish a business in Hungary, you immediately gain access to the rest of Europe. It only takes a few hours to get to any part of the region, which makes traveling a breeze across the entire region.
In a broader sense, it can be said to be located exactly in the middle of Asia and the Americas. It is the perfect place for a multi-national corporation to set up their main office and administrative facilities.
Hungary Has Simple Business Regulations
Another significant advantage is the simplicity of starting a business in Hungary. Starting a business requires about five business days from beginning to end. You do not even need a local business partner; all you need is a legitimate form of identification.
You will need a bank account in Hungary, an accountant who speaks English, and a registered address in Hungary.
It’s also very economical.
Hungary offers excellent business opportunities and low risk. It is very affordable to conduct business there, especially when compared to Western Europe.
Low export barriers, affordable real estate, and business-friendly tax rates are the main drivers of this environment.
The Hungarian business-friendly and accommodating company tax system is friendly to legal entities. Through 2020, the corporate tax rate is expected to stay around 9%, and the payment process is simple and easy to understand.
Additionally, the local business tax ranges from 2% to zero. That’s right; local companies may end up owing no taxes. Finally, foreigners can benefit from VAT-free trading and dividends that are tax-free.
The Business Partner in Hungary: FirmaX
In Hungary, FirmaX is your go-to service provider for corporate services in Hungary including comprehensive, competent corporate, legal, tax, and accounting services.
Our primary mission is to provide customers with all of the information and assistance they require to successfully launch a major corporation in Hungary, where we have extensive experience. Our highly trained staff has years of combined experience working in a variety of business-related service roles. When you enlist FirmaX’s assistance, you can be certain that your business will receive the necessary support, care, and up-to-date information completely free of charge. FirmaX is there for you so that you can focus solely on the most important aspect of running your company successfully: generating revenue.
Corporate Services Hungary
Integral services eliminate the need for coordination between several different professionals because all of the services are provided by a single provider.
Free downloads & knowledge center – Obtain all of the most recent corporate updates and information you require to start or operate your business in Hungary without spending a dime.
Tax and legal services – Support services that are on time, provided by professionals, and priced reasonably.
The most competitive prices – Hungarian company formation package as of, including all applicable taxes and registration fees.
