Japanese Companies and Investments in Hungary

The existence of Japanese countries in Hungary is increasing observed the last few years, as a result of that became Japan one of the biggest investors in Hungary, and Hungary became one of the most important partner of Japan in Central-Eastern Europe. About Hungary Hungary is one of the most dynamic economies situated at the very heart of Europe. After the historic political changes in Central Europe in 1989-90 and…

Read more

Taxation of Hungarian companies and private persons

Personal income tax and VAT were introduced into the Hungarian tax system in 1988. This was a first step in a long process of tax reform. The next major step, undertaken in 1991, was the modernization of the corporate income tax system. In 1993, the VAT legislation was further modified to conform, at least in principle, to the VAT systems used in the European Union. 1995 witnessed the introduction of…

Read more

Introducing Hungary – The logical choice for companies

Hungary is a member of the OECD and the NATO, part of the European Union’s internal market and the Schengen Area. Hungary became a full member of the European Union on 1 May 2004. Ten arguments why Hungary is the suitable investment location in Central Europe: 1. Great location in the heart of Europe 2. Dynamic economic growth 3. Business-friendly environment 4. Membership in the European Union and NATO 5.…

Read more

What shall a foreign company take care of when entering into a contract with a Hungarian company?

According to the statistics of the German-Hungarian chamber of commerce and industry, it is quite obvious that in the last decades the business relationship has immensely strengthened between Germany and Hungary. Introduction From 2000 until 2014 the import between the two countries has grown from 10.000 million euros to approximately 19.000 million euros as well as the export which has increased from 10.000 million euros to 22.000 million euros (source:…

Read more

Concept of the Takeover Directive

The Takeover Directive sets out minimum requirements for the conduct of takeover bids for individual Member States, including disclosure, involving securities with voting rights of companies governed by the laws of Member States, where all or some of these shares are admitted to trading on a regulated market. Main points of the Takeover Directive The framework means that supervisory agencies are appointed to review and approve the proposed takeovers. Each…

Read more