Hungary is still considered as an attractive location for foreign investors. Buying a property may be the safest investment with an excellent return. Based on the report of Eurostat, the purchase prices of properties in the EU grew 4%, in the euro zone with 3% from January to March 2016 in an annual comparison. The highest growth was however produced by Hungary in January and March 2016, the purchase prices…
Foundations are legal persons set up to pursue the long-term objective defined in the charter document. The founder shall define in the charter document the funds made available to the foundation and the organizational structure of the foundation. Therefore, the objective of the found doesn’t has to serve general interests, but –based on the Hungarian judicial custom -, the objective has to enable a persistent operation, that lasts longer than…
The rules of the land acquisition in Hungary are depending on the citizenship of the purchaser and the kind of the property. Non-citizens typically need to fulfil additional obligations to acquire the ownership of properties. According to the regulation, non citizens are natural people, they are not the citizens of a member state of the European Union, of the European Economic Area or an other country, which is party of…
When people hear the word crime or fellony, probably come the most serious crimes in their minds, like homicide or rape. However, there exist also such actions in the law, which cause not so significant damage to the society, altough they are also apostrophised as criminal acts. These crimes represent usually the lowest level of criminal offenses, for example the misdemeanor of simple battery, defamation, slander, public nuisance or vandalism.…
A pecuniary claim can have not only civil law relations, but also criminal consequences. In most cases it is simpler and more cost-effective, if we try to assert our claim within the frame of a criminal procedure. The means to do that is the recovery of the civil claim. Using this method we have a good chance to avoid a very long and expensive procedure. I. The term of a…
Questions regarding Business Immigration to Hungary? Contact us! E:dobos@doboslegal.eu T:+3630 3088151
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:…
1. Check the land registry sheet carefully. You (or your attorney) have to examine, if there are any encumbrances registered concerning the apartment. If so, you shall agree with the seller about the procedure how to cancel the encumbrances. 2. Undersigning the sale and purchase agreement (S&P): There are two options when you conclude the S&P agreement. a./ Either you undersign it in Hungary, in front of the attorney at…
What does the procedure look like when founding a company? What kind of steps have to be followed? In principle we can speak of two kinds of procedures. Our client can freely choose if he/she travels to Hungary and signs all documents before one of our lawyers or he/she can choose to sign these documents in his/her own country of origin and send them to us by post. In the…
When it comes to arriving to Hungary and applying for a residence permit, the legal regulations allow a special type of permit: the residence permit for the purpose of employment or other gainful activities (“Business Immigration”). Hungarian regulations According to Act II of 2007, third-country nationals have the right to apply for a residence permit of such kind in three cases. The first option is if they perform actual work…
