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Business, investment and economic regulation news from Hungary, about Hungary.

Insurance Coverage for Third-Country Nationals Working in Hungary

Understanding the insurance obligations for third-country nationals employed in Hungary can be complex.  Here’s a simplified breakdown to help clarify the rules. What is a Third-Country National? Under Hungary’s Social...
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Hungarian Company Register: What It Is, How It Works, and Access Information

The Hungarian Company Register is an official database that contains comprehensive information about companies registered in Hungary. It is maintained by the Hungarian Ministry of Justice and serves as a...
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Accounting in Hungary: What to Watch Out For, Common Practices, and the Importance of Expert Management

Managing accounting effectively is a vital part of running a business, and it becomes especially important when operating in a foreign country like Hungary. The country has specific accounting standards...
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Taxation of Foreign Branches of a Hungarian-Registered Company

Many of our clients have encountered situations where their Hungarian-registered company also conducts economic activities through a related foreign branch. If a Hungarian company generates profits at a foreign branch,...
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As an EU citizen operating as a sole proprietor in Hungary:

According to EU regulations, the general rule is that insurance obligations arise in the country where the individual performs their activity. If the work is carried out exclusively in Hungary,...
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Taxation of Foreign Citizens as Executives of Hungarian Companies

According to the Civil Code, the management of the company is performed by the executive officer, who can do so under a mandate or employment relationship according to the agreement...
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Navigating Healthcare Options for Non-EU Residents in Hungary: What You Need to Know

For those coming from outside the European Union who wish to settle in Hungary, access to healthcare services can be an important question. Both the state healthcare system and the...
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Notification Requirements for Posted Workers in Hungary

While many professional articles discuss the personal income tax and social security status of workers sent to Hungary from other countries, the notification and registration rules for these workers are...
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Social Security Coverage for Foreign Performing Artists and Guest Lecturers

This article outlines the statutory provisions regarding the social security status of foreign performing artists and guest lecturers, including those excluded from insurance coverage.Insurance ExclusionsUnder Section 17, Paragraph (1), Point...
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Special Rules for Social Security and Social Contribution Tax Payments for Third-Country Nationals in Hungary

The legal provisions regarding the payment of social security contributions (tb-járulék) and social contribution tax (szocho) for third-country nationals employed in Hungary contain special rules. Third countries are defined as...
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