Business Opportunities in Budapest

Hello

I am from UK. I am looking for a business opportunity in Budapest. I can come any time

Wafadar99 wrote:

Hello

I am from UK. I am looking for a business opportunity in Budapest. I can come any time

Do you have the $$$?

atomheart wrote:

Wafadar99 wrote:

Hello

I am from UK. I am looking for a business opportunity in Budapest. I can come any time

Do you have the $$$?

Not a legit poster - if they had something solid, they'd have put in a properly written posting explaining their needs/requirements.  Probably scammer.

fluffy2560 wrote:

atomheart wrote:

Wafadar99 wrote:

Hello

I am from UK. I am looking for a business opportunity in Budapest. I can come any time

Do you have the $$$?

Not a legit poster - if they had something solid, they'd have put in a properly written posting explaining their needs/requirements.  Probably scammer.

Dang, I thought I finally found someone willing and able to invest into my very profitable and totally legit diamond mining operation in Nigeria...

atomheart wrote:

fluffy2560 wrote:

atomheart wrote:

Do you have the $$$?

Not a legit poster - if they had something solid, they'd have put in a properly written posting explaining their needs/requirements.  Probably scammer.

Dang, I thought I finally found someone willing and able to invest into my very profitable and totally legit diamond mining operation in Nigeria...

You too?  Mine was $$$$$$$$ from people without relatives who died in a plane crash and some kind soul wants to release their fortune to me in exchange for a cut while blessing me prolifically and appealing to my religious tendencies - variously Islamic or Christian neither of which suit me.   

I don't know if I can confess my interest in Satanism here and my pledge to Beelzebub.   I thought I was the only one who was offered these things due to my unique qualities. Being chosen makes all those sacrifices worthwhile but the victims/converts were of course quite willing.  The evil Lord is an equal opportunity employer.   But $100M stolen from the people of Wherever could mean I could carry on the "good" work for my master, oops, strike that "good", insert word bad.

Strangely I had a rash of those e-mails with minor variants a while back and I was getting worried how that airline managed to keep going.  They were getting through a plane every few days and the GDP of a medium country was building up in various banks waiting to be liberated.   And no-one seems to have noticed the global conspiracy.

atomheart wrote:

Do you have the $$$?

Meh. Who cares if they have USD.

Do they have Chinese Renminbi? Even if just a loan. A state backed currency loan may be even always better than cash, as there will always be more.....

klsallee wrote:

atomheart wrote:

Do you have the $$$?

Meh. Who cares if they have USD.

I meanth chilean peso, not USD.

atomheart wrote:

klsallee wrote:

atomheart wrote:

Do you have the $$$?

Meh. Who cares if they have USD.

I meanth chilean peso, not USD.

Ah... Then all is forgiven. And I thought I was the only one expecting an upturn in Chilean pesos next week.... 

klsallee wrote:

atomheart wrote:

klsallee wrote:

Meh. Who cares if they have USD.

I meanth chilean peso, not USD.

Ah... Then all is forgiven. And I thought I was the only one expecting an upturn in Chilean pesos next week.... 

I thought the currency in all of South America was Nachos?

Hello! Hope you all had a great Christmas.

I did, and in the meantime I also looked a bit into the future for my business. I'm Belgian born and raised and working self-employed in marketing for 5 years now.

I'm tired of the taxes here though, which can accumulate to roughly 50-60% depending on how well you are doing.

On paper, for taxes Hungary seems to be a way more interesting country to base my business in than Belgium (assuming I start a Kft). But I read up a little here yesterday and there appears to be a lot of difference between on paper and in reality.

I wouldn't be interested in selling to Hungarians though. The only reason I would pick Hungary is the tax rates and the living in Budapest. I would be working together with my existing Belgian/international clients and new international clients in a new business model I just developed. If one of them is a progressive Hungarian company, great, but I don't rely on them to make income.

Some questions I still have:

1) Do I need an OKJ to open up a marketing firm in Hungary?
2) I will be running the business on my own, without employees at first. And when I do hire people, I prefer working with freelancers that can just invoice my Kft for their services. Which implications does this business model have for my corporate tax, income tax and social security (assuming I would also have my permanent residence in Budapest)?
3) The "know a guy" culture, could I also be impacted by this? Is anyone going to give me any kind of trouble for just using Hungary as a tax haven and running a (successful) international business out of Hungary?
4) The day-to-day paperwork, is that something I could avoid by running everything through a good Hungarian lawyer and accountant? What would be a rough estimation of the yearly cost for that?
5) Any tax reformations coming up in the near future under the Orban administration?
6) Any other thoughts/aspects that I forgot to think about?

These are the first questions that pop up in my mind. I wish you all a nice weekend and end of the year!

Well than this is your source to check first:
doingbusinessinhungary.com/en

@atomheart LoL!!!

Hello, can anyone give me an idea as to how renovation business is doing in Hungary these days? Is it a business that can offer some decent returns. Given the not so optimal economic situation, and with most businesses being adversely affected by several factors (not least of which was Covid), such as hospitality etc, does this business (renovation of old properties and selling them as new) strike as a feasible one? Any local/ resident of Hungary who might want to reply?

- @Fais128