Obligations after receiving the residence permit

Any third-country national holding a valid residence permit is entitled to enter Hungary and stay for more than ninety day within any one hundred and eighty day period during the validity of the permit. However, they also have additional obligations during residency especially in case of future extension intent. 1. Residence permit Third-country nationals shall preserve their residence permit and they are obligated to promptly notify the immigration authority if…

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When the debtor doesn’t pay – Vindicating claims in Hungary

Vindicating claims is often a difficult issue for the participants of economy. This matter has signs of dysfunction especially in the construction sector, but it is a common problem in other important areas and gives a hard time to private persons as well. In Hungarian law, creditors have a variety of ways to vindicate their claims. The tribute’s amount, expiry, the creditor and the debtor are determining circumstances that take…

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How to set up a company in Canada

There are numerous types of business entities in Canada. The procedures and requirements to register these lightly vary in each province, it also varies whether you have a local or foreign entity. Before you register your business, you will need to know the type of business that suits your needs the best. In Canada the most popularly chosen business type is the limited liability company, locally known as a private…

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