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…
If someone has never been to Europe before, they have to ask the question if there is a need for a visa to enter the Schengen Zone. By acquiring a visa, the third country-national becomes authorized to stay in the territory of Hungary for an intended duration of no more than ninety days. For longer stays, some kind of residence permit should be applied to. 1. Visa categories The correct…
Although there are several residence permit types, each with different requirements for third-country nationals who wish to enter and stay in Hungary for more than ninety days within any one hundred eighty day period, some overlaps can be detected. The so-called general rules apply to every residence permit, and just like in the case of regulations regarding the right of residence for an intended duration of no more than ninety…
Despite of the obvious interpretation, a residence permit for the purpose of employment shall not only be applied to in case of a traditional employment relationship. Definition There are two cases when the issuance of this permit is reasonable as specified in point (2) of Section 20 of the Act II of 2007: “A residence permit for the purpose of employment may be issued to third-country nationals: a) whose purpose…
The employment of a third-country national in Hungary is subject to a work permit, except as provided by law. The proper residence permit usually must be requested by the future employer or the hosting entity from the competent government office. It is a general condition that the third-country national has to have the necessary expertise and qualifications. Quantitative restrictions regarding work permits There is an annual limit on the maximum…
Third-country national entrepreneurs and executive officers may choose this option to lay the foundations of legitimate work in that capacity in the territory of Hungary. Residence permit for the purpose of gainful activity may be issued if the purpose of residence is to lawfully perform work in a self-employed capacity for remuneration or to engage in any gainful activity in the capacity of being the executive officer of a for-profit…
Contracts are keystones in effective economy. We can conclude contracts for many different reasons but sometimes we are not well aware of the fact that despite the agreement in writing, performance is not eventuate or not the way that we expected.˛ Securing contracts –and securing our aims as well- can be achieved with using proper contractual securities. Contractual securities are leading tools in confirmation of contract. These tools are closely…
Personal service contract and employment contract seem to be very similar, but the differences between the two contract types are determinative. The most important features, similarities and differences of the above mentioned contracts are summarized in this script. 1.) Personal service contract Personal service contract is in Act V of 2013 – on the Civil Code (afterwards: Ptk.) regulated. In civil relations the principle of interdependence and the principle of…
The new Civil Procedure Code of Hungary came into force 1 January 2018 and – we can say – it has brought numerous changes. At the time of delivering this code the aim was to create a procedure which not only fits into the international practice but establishes a framework for a more professional one. To achieve this objective the legislator made changes even on a basic level. Two major…
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…
