INSIGHTS

How to Keep the Shares of a Family and its Business Together

Internal feuding can make the operation of a family business impossible. If the owners and managers of the company cannot work together, the firm will soon suffer. Problems between the stakeholders of family companies are often even more challenging to solve due to emotional relationships. Business owners must look at a company’s operations from a […]

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Wealth planning quick course: the trust, Part 4

In the next four posts, we will discuss the foundation, the private foundation, the trust, and the trust foundation in a few thoughts, summarising the most important facts. We will look at all four institutions from the same perspective, which we will summarise in a table for our kind readers at the end. The topic […]

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Wealth planning quick course: the private foundation, Part 3

In the next four posts, we will discuss the foundation, the private foundation, the trust, and the trust foundation in a few thoughts, summarising the most important facts. We will look at all four institutions from the same perspective, which we will summarise in a table for our readers at the end. The topic of […]

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Wealth planning quick course: the trust foundation, Part 2

  In the next four posts, we will discuss the foundation, the private foundation, the trust, and the trust foundation in a few thoughts, summarising the most important facts. We will look at all four institutions from the same perspective, which we will summarise in a table for our readers at the end. The topic […]

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Wealth planning quick course: the foundation, Part 1

In the next four posts, we will discuss the foundation, the private foundation, the trust, and the trust foundation in a few thoughts, summarising the most important facts. We will look at all four institutions from the same perspective, which we will summarise in a table for our kind readers at the end. The topic […]

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Happy New Year, happy taxation! Tax changes for 2023

Many of the changes came into force on 1 January 2023, so we had relatively little time to familiarise ourselves with and interpret them. We have compiled the most important details of the changes in this article. For those who would like to look at the amendments in more detail, we recommend that you consult the relevant issue of the Hungarian Gazette, which can be accessed by clicking here. At each point you will find links to our previous articles to ensure that everything you need to know about taxation is in one place.

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Minimum wage and guaranteed minimum wage from 2023

The mandatory minimum wage for full-time employees from January 1st of 2023. The minimum wage from the January 1st of 2023 HUF 232 000 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 296 400 for monthly wages Beginning from January 1st of 2023. […]

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What is ADR? Thoughts on Alternative Dispute Resolution

The terms court, judge, defendant, plaintiff, etc., certainly sound familiar, but do you know that we have other options in order to resolve and close legal disputes and disagreements apart from litigation? The new professionals appearing during alternative dispute resolution are called, for example, mediators or arbitrators. Mediation, arbitration, litigation? In the following, we will […]

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Another abbreviation? Yes! The FATCA statement

In one of our previous articles, we already talked about abbreviations such as AML, PMT, UBO, PEP, CCD, or KYC, and we also talked about the FCPA. How many and how many abbreviations. If we want to see the whole picture, we cannot leave FATCA out of the list either. Our topic today is the […]

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Hungarian Trust as an alternative of holding company

The holding companies are widely used for a lot of different business purpose such as asset protection for families or direct investments of private equity funds, etc. Since the Hungarian Trust is subject to corporate income tax it also benefit the same CIT benefits but has extra features. What makes them usage attractive.  In Hungary […]

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