{"id":53667,"date":"2023-11-23T14:45:06","date_gmt":"2023-11-23T13:45:06","guid":{"rendered":"https:\/\/www.nzp.de\/7-reasons-to-choose-hungary-as-your-place-of-business-8-steps-to-make-it-happen\/"},"modified":"2026-07-23T11:38:46","modified_gmt":"2026-07-23T09:38:46","slug":"7-reasons-to-choose-hungary-as-your-place-of-business-8-steps-to-make-it-happen","status":"publish","type":"post","link":"https:\/\/www.nzp.de\/tr\/7-reasons-to-choose-hungary-as-your-place-of-business-8-steps-to-make-it-happen\/","title":{"rendered":"Macaristan\u2019\u0131 i\u015f merkeziniz olarak se\u00e7meniz i\u00e7in 7 neden ve bunu ger\u00e7ekle\u015ftirmek i\u00e7in 8 ad\u0131m"},"content":{"rendered":"
What are the main arguments for setting up a business in Hungary?<\/strong><\/h5>\n
    \n
  1. Low Tax Rates<\/strong>: Hungary has a favorable tax system, it has one of the lowest corporate tax rates in the European Union, ranging from 9% to 19%, and the personal income tax of private individuals is 15%. This makes HU an attractive location for companies looking to maximize their profits.<\/li>\n
  2. Strategic Location<\/strong>: Hungary is located at the crossroads of Europe, making it an ideal location for companies looking to take advantage of the continent\u2019s diverse markets. It has a well-developed infrastructure, good transportation links to other European countries, including a well-connected highway system, multiple airports, and a major port on the Danube River. From Budapest, you can get to London in 2.5 hours, Dubai in 5 hours and Munich in 1 hour by plane.<\/li>\n
  3. Digitalization<\/strong>: The government is obliged to communicate with you digital only; so are you.<\/li>\n
  4. Low Labor Costs<\/strong>: Labor costs in Hungary are much lower than in other European countries, making it a cost-effective option for companies looking to minimize overhead expenses.<\/li>\n
  5. Skilled Workforce<\/strong>: Hungary has a well-educated and highly-skilled workforce that is well-equipped to handle the challenges of the modern workplace.<\/li>\n
  6. Strong Government Support<\/strong>: The Hungarian government is very supportive of foreign investment, offering incentives and tax breaks to companies that choose to establish operations in the country.<\/li>\n
  7. Easy to Establish<\/strong>: Only a smartphone with a camera and an ID is needed.<\/li>\n<\/ol>\n
    How to make it happen?<\/strong>
    \n<\/u><\/h5>\n
      \n
    1. Find a Lawyer<\/strong>: Our lawyers have years of experience in establishing companies. We know the process and help you to prepare the founding documents.<\/li>\n
    2. Choose a Company Type<\/strong>: Choose the type of company you would like to establish.<\/li>\n
    3. Decide on a Name<\/strong>: Choose a name for your company that is unique and complies with the Hungarian Companies Act.<\/li>\n
    4. Prepare the Founding Documents<\/strong>: Prepare the founding documents, which include the articles of association and the company\u2019s bylaws.<\/li>\n
    5. Appoint the Board of Directors or the Managing Director<\/strong>: Appoint the managing director or a \u201emanagement board\u201d (i.e. board of directors) and select a \u201echief executive officer\u201d (i.e. company director).<\/li>\n
    6. Register the Company<\/strong>: Register the company with the local court and obtain a business registration number.<\/li>\n
    7. Open a Bank Account<\/strong>: Open a bank account for the company in Hungary.<\/li>\n
    8. Apply for Licenses and Permits<\/strong>: Apply for any necessary licenses and permits required for the operation of the company.<\/li>\n<\/ol>\n

      The four types of business entities in HU are the followings:<\/p>\n