Hi,
Im from the UK but have been living here in Budapest for the last 5 years and love it here.
I am looking to set up a sports training camp here in Hungary for people from all over the world but mainly from the UK.
It will be a small business looking at annual profits of around £5,000-£10,000.
I understand that England and Hungary have a double taxation treaty with each other.
I am planning to register as a sole trader in the UK and pay tax n the UK not in Hungary. The sports club where the camps would be run is a registered company in Hungary so i would just be organising.
Will this be ok with the Hungarian law and tax? As the operations will be run here in Hungary but paying tax and registered in the UK?
I heard from all my friends its hard and expensive to set up a Hungarian business.
If anyone knows any information or can advise me then it would be greatly appreiated!
Thanks
Will