NEWS
Restrictions on foreign direct investments will apply at least until the end of the year
According to the law passed upon the end of the state of danger, until 31 December this year, a foreign direct investment (FDI) to a company operating in a strategic industry will require prior approval of the Ministry for Innovation and Technology (ITM). The concept...
Protective measures for the second wave of the coronavirus
Due to the second wave of COVID-19 and the growing number of infected people, the Government of Hungary has ordered new epidemiological measures from 21 September 2020. The relevant government decree stipulates that everyone, except a minor under the age of 6, must...
Travel restrictions due to pandemical preparedness
Due to the second wave of the coronavirus, the Hungarian government introduced travel restrictions that came into effect on September 1, 2020 to protect citizens in Hungary. According to Government Decree 408/2020 (VIII.30.) on travel restrictions during the...
New travel restrictions in Hungary
UPDATED: 7 AUGUST, 2020 As the coronavirus pandemic has picked up recently in many countries of the world, Hungary introduces travel restrictions in international traffic. The chief medical officer grouped each country into three categories: green, yellow and red,...
Buying real estate from your home
When buying a real estate, personal presence seems unavoidable due to strict identification rules. We now present how we can provide for a secure deal without meeting the other party. Anti-money laundering act and the act on attorneys makes identification possible...
Hungary allows business entry from certain countries
From 1 May 2020, citizens of the Czech Republic, Poland, South Korea, Germany, Austria and Slovakia will be allowed to enter Hungary for business purposes, and Hungarian citizens traveling to these countries for business purposes will be exempted from the rules of...
Tax reliefs, postponed tax returns and more attractive fringe benefits
On April 22, 2020, a government decree came into force which granted entrepreneurs a deferral until September 30 to submit their financial statements and tax returns. A number of other minor relieves have been introduced. Concerning any corporate tax, small business...
Collective redundancy in a nutshell
The coronavirus epidemic, which also affects Hungary, has a significant impact on the economy, including jobs. Several companies were forced to shut down, lost revenue and had to carry out a forced divorce from employees. In our article, we present the rules of...
State aid for short-time work in Hungary
The first governmental decree on the details and conditions of the previously announced support for short-time work was published on 10 April. However, the regulations were too complicated and therefore the Government made several modifications based on the incoming...
How to convene the general meeting during the epidemic?
Blooming lilacs are the sign of approaching high school final exams for students and, the period of annual general meetings for managing directors. Because of the epidemic special regulations apply to both high school seniors and managing directors, the latter are...