Do you live abroad and want to set up a company in Hungary? One of the first questions is usually whether you need to travel to Budapest for the incorporation or whether the process can be handled remotely. This is particularly important for entrepreneurs who live outside Europe, need a visa to enter Hungary, or […]
A business bank account is a fundamental part of the financial infrastructure of a Hungarian company. It is not merely an account used to receive customer payments. It is closely connected with tax payments, accounting, payroll, supplier payments, foreign currency transactions and the company’s internal financial controls. Some requirements concerning corporate bank accounts in Hungary […]
When starting a business, the time needed to form a company directly affects business planning. Founders want to know when they can agree on the first delivery or service with their partners, begin opening a bank account and arrange the administration needed to operate. Under the simplified registration procedure, the court of registration decides on […]
The content of a contract can be commercially advantageous and legally carefully elaborated, but it can still carry a serious risk if it is signed by the wrong person in the wrong way. Signing company legal documents is not just an administrative step: it affects the representation of the company, the validity of the legal […]
Last updated: 26 August 2026 Hungary is taking another significant step towards digital tax administration. From 1 September 2026, a new mandatory receipt data reporting obligation will come into force towards the Hungarian National Tax and Customs Administration, or NAV. The new rule primarily affects traditional handwritten receipts and certain computer-generated receipts. The aim of […]
The EU’s Digital Product Passport system entered the operational phase in 2026. We will show you how the digital product passport works, which businesses may be affected, what data can be included in it, when the first obligations will appear, and what you should prepare for now. The Digital Product Passport is no longer just […]
The European Union introduces a new framework for the screening of foreign investment. We present how Regulation (EU) 2026/1386 may affect acquisitions, joint ventures, restructurings and strategic investments in Hungary. A new era of European investment control begins The European Union is one of the world’s most important investment destinations. Foreign capital plays a significant […]
When can a Hungarian company reclaim VAT? A practical guide for 2026 The central rule Paying VAT on a business expense does not automatically mean that the VAT is recoverable. A Hungarian company may generally deduct input VAT only where the purchase is linked to VAT-taxable business activity, the documentary conditions are met, and no […]
A practical guide for non-EU manufacturers and investors For manufacturers and investors based outside the European Union, entering the European market can be challenging when every customer order must be shipped separately from a third country. Customs procedures, import taxes, long delivery times and changing logistics costs can make expansion difficult and reduce competitiveness. A […]
Reasons for rejection of a corporate bank account, legal consequences, temporary solutions and subsequent termination of an account that has already been opened The establishment of a Hungarian business association does not end with the registration at the Court of Registration. In order to actually operate, the company needs, among other things, a tax number, […]
