Immigrate to Hungary from Canada

Immigrate to Hungary from Canada

Canadian citizens have the possibility of immigrating to Hungary from Canada for various purposes, which are regulated under the Hungarian immigration law. Canadians can arrive here for work purposes, visiting family and friends who are currently living here, relocate to Hungary on a permanent basis and even obtaining Hungarian citizenship. Of course, Canadians can arrive here for traveling purposes as well. …
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Immigrate to Hungary from US

Immigrate to Hungary from US

Those wishing to immigrate to Hungary from US must take all essential actions in order to enter Hungarian territory. Depending on the purpose of stay and the duration of the stay, American passport holders may need to acquire different types of visas, residence permits and other documents that grant them right to live in Hungary. Given the…
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Taxes in Hungary

Taxes in Hungary

The taxation system in Hungary is created on two main pillars – the personal income tax system and the corporate income tax system – the latter refers to the taxation of all corporate entities operating in this country. The country harmonized its tax system with the EU directives, making it more convenient for foreign investors to adapt to the tax system.  It…
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Arbitration in Hungary

Arbitration in Hungary

There may come a time where your business venture might end in conflict with the party you are transacting with. It may also take so much time, energy, and money to resort immediately to the courts. This is why a lot of businessmen in the country prefer to enter into arbitration in…
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How to Reserve a Company Name in Hungary

How to Reserve a Company Name in Hungary

Your company name is very important because it will serve as your company’s identity. All transactions entered into shall be in the company’s name, as well as all rights and obligations. That is why it is important you reserve a company name in Hungary. All businessmen who wish to establish a company in the…
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Open a Representative Office in Hungary

Open a Representative Office in Hungary

A businessman may not choose to establish an actual company. Some businessmen, specially foreign investors, choose to open a representative office in Hungary instead. Representative offices are organizational entities of foreign companies that have no separate legal identity of their own. As such, they may not engage into activities that generate profit or any other…
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Inheritance Law in Hungary

Inheritance Law in Hungary

When someone dies, grief will not be the only thing that has to be dealt with. There is still the issue of who gets what out of the properties left by the decedent. This is called succession. Inheritance in Hungary is governed by book seven of the Civil Code. The law defines succession…
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Franchise Agreements in Hungary

Franchise Agreements in Hungary

The franchising business implies the application of a successful business format in another economic area. In order to obtain a maximum of profit from franchising in Hungary there are a set of practical issues that you should not overlook. You might need the guidance and legal support from a law firm in Hungary, in order…
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Insurance Law in Hungary

Insurance Law in Hungary

A new Insurance Act was introduced in December 2014 in Hungary. The main purpose of the act was to prevent financial crisis and to avoid critical economic situations in Hungary. The increased customer protection and financial stability are only some of the goals of the Insurance Act. Our Hungarian law firm is the place where…
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Setting Up a Sole Trader in Hungary

Setting Up a Sole Trader in Hungary

An individual can open a sole trader in Hungary, which is a type of business with no legal personality. A sole trader can be established by registering itwith the Company Register as per the Hungarian company registration rules. A Hungarian sole proprietor has legal capacity, rights, andobligations. This business can also acquire property,…
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