Open a company in Hungary: succeed from the beginning
Hungary offers fabulous opportunities for those who want to open a company on its territory. To begin with, there is no general auditing obligation for new companies. This management flexibility reduces operational costs that encourage the creation of new businesses.
Given this reality, to open a company in Hungary is highly beneficial.
Once an entrepreneur or a business group has decided to work in Hungary, the best thing to do is to focus on growing the company and making a lot of money. The key to success is to leave the administrative matters to a truly capable team of accountants and bookkeepers so that the entrepreneur can only work on developing his capital.
FirmaX’s team of accountants and bookkeepers in Budapest works especially in the development of small and medium sized companies. This team of professionals works through accounting methods that are adapted to the specific needs of each company. If the company does not have a commercial activity, FirmaX will only charge a minimal fee.
Once the company begins to conduct a greater number of transactions, the fees will be adapted proportionally. The accountants and bookkeepers work to ensure that their clients’ businesses are well managed and successfully established in Hungary.
The services provided by FirmaX cover four areas: Accounting, Payroll, Value Added Tax and Auditing.
1)The Accounting area works in accounting compliance, general ledger analysis, complete accounting, periodic analysis of financial statements, preparation of amortization schedules, property depreciation schedules, consultations with bookkeeper and accountant and also summaries of payments related to taxes due: amount, due date, bank account.
2)The Payroll area works in payroll preparation, preparation of payroll reports, payroll taxes, payroll compliance, payroll consulting and summaries of payments related to taxes payable: amount, due date, bank account.
3)The Value Added Tax area works in the preparation of VAT returns, VAT compliance, representation in VAT audits, VAT advice and summaries of payments related to taxes due: amount, due date, bank account.
4)In Hungary some company forms are obliged to carry out an audit. If the company falls within that exception, FirmaX auditors guide the client in the annual declaration. This advice also covers the preparation of other documents to be certified by an official auditor.
As you can see, opening a company in Hungary is a smooth process that is conducive to business success. The most important thing is to delegate the administrative matters to suitable professionals in order to focus exclusively on the expansion of the company.