Hungary Company Formation Survey – OI 2015
Author: Gábor Szabó
The European Commission adopted 80% of Hungary’s operational programmes for the 2014-2020 programming period in mid-February. The tender to support the expansion of SME’s production capacity will probably be published among the first ones in April, according to preliminary information with the following details. Title: EXPANSION OF PRODUCTION CAPACITY OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES, Goal: […]
Updated rules of company formation and operation according to the Civil Code of Hungary 2013 what replaced the Act on Business Associations 2006.
The minimum capital requirement for limited liability company (KFT) registered in Hungary is HUF 3 million according to the new Civil Code 2013 (what replaced the Business Association Act 2006) effective from 15th of March, 2014.
Peremptory Supervisory Board | Hungarian company may appoint German-style Supervisory Board with strong decision-making powers. The articles of association of companies may contain provisions on assigning the right of appointment and recall of management board members and of managing directors, as well as of establishing their remuneration to the supervisory board, and on rendering the […]
www.oecd.org In a week at Global Forum on Transparency and Exchange of Information for Tax Purposes in Jakarta, Indonesia, a number of additional countries and jurisdictions are expected to sign the Convention 12 November 2013 Hungary became the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention must now be […]
www.theguardian.com Ireland pledged to crack down on multinational companies who use addresses in the republic to avoid paying tax in their home countries . The new rules will come into force from January 2015. Ireland’s finance minister, Michael Noonan, has promised a new finance bill that will include a measure to ensure that no Irish […]
www.admin.ch 12 September 2013 in Budapest, Switzerland and Hungary signed a new double taxation agreement in the area of taxes on income and assets. It replace the agreement of 9 April 1981. The new DTA contains provisions on the exchange of information in accordance with the international standard applicable at present. Aside from an OECD administrative […]
www.bbj.hu Romania-based information technology/communications product retailer eMag has launched its Hungarian website in preparation to open its online shop for the market; the website emag.hu is live and touting its giveaway promotions, online ordering, customer service and delivery services, but no products are available through the website as of yet. According to Romania-based business news […]