Doing business in Hungary
If you are doing business in Hungary as a foreigner, it is especially important to have a clear understanding of taxation and financial regulations as well as professionals to set-up your Hungarian company, and an expert accountant, an English-speaking accountant who is leading your books orderly, according to the current accounting and taxation rules – this way you can keep your company always compliant, and can avoid any unpleasant fines or difficulties.
Is it obligatory to have a Hungarian accountant?
Each and all companies in Hungary are legally obligated to have a Hungarian accountant from the very beginning who is a certified person to submit the necessary reports to the tax authority, look after your incoming and outgoing invoices, and prepare the payrolls for your employees, submit the necessary reports and returns. ProacTeam can offer you the services of English-speaking accountants, so your Hungarian company will always be meeting the strict legal requirements in Hungary.
Who can be my accountant?
The above-mentioned tasks must be executed by a qualified person who always knows the latest, current regulations. This means a person with the necessary licenses, referred to as a chartered accountant in Hungary. We have good news, in the team of ProacTeam everybody has a chartered accountant license and Batcheler of Art degree in the most relevant majors (as economics, accountancy & finances, human resources…etc), and has significant professional work experience, 10-20 years of experience or even more.
It is essential for you to communicate easily and effective with your accountant in Hungary. Our colleagues at ProacTeam are fluent English-speaker next to Hungarian, and we do our best to reply to your queries within 2 business days. Thanks to our impressive experience in the SME and the international corporate sector, we know how to explain Hungary-specific concepts to owners of a foreign company the best way. We also strive to communicate deadlines and other responsibilities clearly and promptly, making sure you know what steps to take to remain compliant with the Hungarian and EU regulations.
Related services – company set-up, registered seat, mail forwarding services
If you have registered seat and mail forwarding services already with us, and you engage us for accountancy service together with the mentioned services at ProacTeam, you can remain calm and make sure that all the legal and official enquiries will reach you on time, and your company will be compliant with the all-the-time regulations and will never miss any deadline when any administration task is due.
These services are all standards at ProacTeam, as we can assist you throughout the whole company formation process. We handle all the administration work needed for the company registration at the various authorities, we help you to open the mandatory company bank account at a Hungarian bank branch, provide registered seat (virtual office) for the company and handle the incoming mails, and naturally, we provide an English-speaking accountant dedicated for your company. We have a small but stable accounting team, so you will be able to work together with the same person for years.
If you need further information, please contact us by sending an email to info@proacteam.hu or call us on the phone +36 70 370 1973. We would be more than happy to prepare you a favourable company set-up and/or accounting proposal tailored to your (future) company.
We can offer a stable and reliable English-speaking accountant, and with the help of our tax & business consultants, you will find the most suitable service structure that serves your business the best. Do not hesitate to contact us now, ask for a quote today.
