Friday, 26 August 2022 16:50

Hungarian VAT registration: what you need to know

Hungarian VAT registration Hungarian VAT registration pixabay

Hungary is a prosperous European country located in the center of the continent, conducive to the creation of the most lucrative businesses.

This territory has a broad mentality that allows foreign investments to efficiently develop the best ideas. In Hungary today it is possible for a foreign company to do business in this country without establishing a Hungarian company or any other commercial presence.

In this specific case, you are obligated to carry out a Hungarian VAT registration. This mandatory procedure complies with the legal requirements of the European Union VAT. The key is that you are well advised, so that you are then only concerned with doing good business.

Hungarian VAT registration is a routine administrative process, especially if your company comes from another EU country. When incorporating a Hungarian company, you will receive a general tax identification number, which is also valid for VAT purposes. This means that you do not need to register a separate VAT number.

FirmaX has a team of tax and administrative experts who will guide you efficiently through the whole process of VAT registration of your company on Hungarian territory. If you are going to do business in Hungary, it is convenient that you meet all the requirements to develop your projects successfully.

FirmaX provides VAT registration service in Hungary, which includes the following benefits: identifying whether VAT registration is required or not, as there are exceptions, preparing the VAT registration form, arranging the signing of the required VAT registration forms, submitting the VAT registration application, coordinating the VAT registration with the tax authority, providing tax advice regarding VAT registration.

Your company must follow all the steps proposed by FirmaX experts, that guarantees that the procedure is well done. Once your company has fulfilled the requirements, you will be able to work on what you are most interested in: doing good business in Hungary.

Hungarian VAT registration is a routine procedure that must be fulfilled in order for foreign entrepreneurs to build a good business base in this country. Hungary is a prosperous nation, flexible and open to the creation of successful businesses in its territory. FirmaX has a team of tax experts to guide foreign entrepreneurs on tax and legal issues in Hungary. If you are well advised, the better chances you will have to build prosperous projects..

If you have any doubts, you should know that FirmaX offers a free initial consultation, either in person, by phone or by e-mail.