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The Hungarian EUGO team

Starting Up in Hungary

The primary act of law in Hungarian company law is Act 4 of 2006 on Business Associations (Companies Act). The main types of business associations under the Companies Act are identical to those regulated in EU countries.

The procedures on founding, implementing changes in data and winding up of Hungarian associations are primarily governed by Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings (Company Procedures Act).

 

Under the Companies Act, business associations may be founded by non-resident and resident natural persons, legal persons and business associations without legal personality...

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Doing business In Hungary

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.

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It is an important strategic goal for Hungary to modernize its public administration and to increase the use of modern information and communication technologies in the interactions between state institutions themselves as well as between state institutions and citizens.

The Hungarian EUGO Team makes all efforts to guarantee the accuracy and validity of all pieces of information published on this site. Nevertheless, in spite of all efforts, inaccuracies or mistakes may always occur.

The service activity focusing on the training of road transportation professionals covers the organised training and further training of road transportation professionals, as well as the provision of training courses for school managers, specialised instructors and examination supervisors in compliance with the legally prescribed institutional, material and personal requirements.

The service activity focusing on the training of motor vehicle drivers covers the organised training of motor vehicle drivers, as well as the provision of knowledge and skills required for driving, in compliance with the legally prescribed institutional, material and personal requirements. The service activity focusing on the training of motor vehicle drivers is listed in the Standard Classification of Economic Activities (TEÁOR'08) under section.

The activity directed at the organisation of complex vocational examinations is a service activity subject to a licence. The activity directed at the organisation of complex vocational examinations is listed under Sector No. 85 “Education” in the Standard Sectoral Classification of Economic Activities (TEÁOR'08).

The services of a tour operator are aimed at the compilation and provision of travel service packages with the combination of minimum two of the following: passenger transportation, accommodation and other tourism services (in particular, meals, guided tours, entertainment and cultural programmes), within the framework of a gainful business activity.

Tour guide services engaged in as part of a gainful business activity cover the detailed on-site presentation and introduction of attractions significant from a tourism point of view and other sites to visitors as well as the provision of related information and, as the case may be, assistance for visitors in the interest of their guidance and orientation in a place which they are not familiar with.

Services aimed at the operation of holiday homes fall within the range of accommodation services. In the Standard Classification of Economic Activities (TEÁOR'08), accommodation services aimed at the operation of holiday homes fall into Accommodation Services Sector 55; more specifically, into sub-category 55.2 (55.20) Holiday and other temporary accommodation services.

Services aimed at the operation of natural bathing resorts are services tied to a licence provided in respect of natural waters authorised for bathing purposes and the attached shore line areas, as part of which the service provider offers bathing services in the designated area operated by the service provider as a bathing resort. In the Standard Classification of Economic Activities (TEÁOR'08), services aimed at the operation of natural bathing resorts fall into Sports, Entertainment and Leisure-Time Activi

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