Hungary Residence Permit under Company Setup :
Europe remains an extremely important market and a safe and profitable area to set up a business. However, the capacity to develop an appropriate business model may vary consistently from a country to another. Differences between countries include: tax laws, employment laws, commercial laws, languages and language skills, market size and preference, business culture and bureaucracy.
One of the competitive advantages Hungary has compared to other countries in the region is the government’s strong commitment to streamlining business processes and to increasing the competitiveness of both SMEs and large enterprises in Hungary through a wide range of available incentives.
Both refundable and non-refundable incentives are available to investors coming to or expanding in Hungary. The main types of incentives related to investments are cash subsidies (either from the Hungarian Government or from EU Funds), tax incentives, low-interest loans, or land available for free or at reduced prices. The regulations on incentive opportunities are in accordance with EU rules.
Hungary is situated in the heart of Europe, which makes the country optimal for manufacturing, services and logistics. Hungary is the ideal base for investors who are planning cross-border business developments. Foreign capital is, in a large part, attracted by the highly skilled and highly educated labour force, particularly in the engineering, IT, pharmaceutical, economics, mathematics, physics and professional services sectors. Around two-thirds of the workforce in Hungary has completed a secondary, technical or vocational education.
Beside the favorable business climate and availability of various incentives, Hungary is an ideal place for doing business for a series of other reasons:
ideal geographical position in the centre of Europe for manufacturing, services and logistics;
excellent infrastructure, ready-made industrial sites, offices and science parks;
good balance of labour costs and quality;
governmental and municipal incentives (cash subsidy, tax allowance)
investment friendly economic policy
competitive tax system
financial and fiscal stability
success in reducing public debt
Our Law firm in Budapest will assist you in opening bank account, registration of the company as well as registering VAT.
The cost of Hungarian Residence Permit through company formation is USD 6000