Planning to apply for Golden Visa in Hungary by investment in residental property? As a forward-thinking investor, you would like to secure your investment. Successful investors habitually seek due diligence services to ensure they remain on track with legalities. At the same time, it’s imperative to assess your ROI and secure your property at the lowest cost. When buying […]
Basically, with a few exceptions, such as agricultural land, non-Hungarian citizens are free to buy property in Hungary. However, the obstacles faced by nationals of different countries differ as to whether a special permit is required. Cases where no special permit is required for non-Hungarian citizens to purchase real estate. The following cases do NOT […]
Fiduciary trusts as a legal institution are one of the latest steps in the development of Hungarian civil law. Since their introduction in 2014, they have become more widely used and more widely known. We would now like to present the legal background of this legal instrument, focusing more on the person of the trustee. […]
Hungarian company may appoint German-style Supervisory Board with strong decision-making powers. The main role of the supervisory board is to monitor the management of the company in order to safeguard the interests of the legal person. And it must be composed of persons who are independent of the management of the company and who cannot […]
The presence of Ukrainian workers in the Hungarian labour market is nothing new, but the conflict in the neighbouring country has created a completely different situation: new arrivals are seeking refugee status, but the conditions for this – despite the already facilitated employment rules – were not always met. In early March 2022, the Hungarian […]
As part of the economic protection package introduced by the Hungarian Government, another measure restricting the acquisition of property by foreigners in Hungarian companies appeared in the National Gazette of Hungary published on 25 May 2020. Pursuant to Government Decree No. 227/2020 (V.25.), the acquisition of ownership in strategic companies is, in certain cases, subject […]
The European Union has introduced two new instruments for certain types of companies that make it easier to obtain information and keep track of information at EU level for any individual in each Member State. What is the EUID? The EUID (European Unique Identifier), is a complex identifier code, which allows companies and their branches […]
