In Hungary the investments of foreigners and residence for economic purposes enjoy full protection and security. In Hungary, foreign citizens may freely found businesses and other associations and public-benefit organisations whose purpose is an activity aiming at or resulting in the acquisition of income and profit. In Hungary, an enterprise registered abroad may establish a branch office or commercial representation through company registration or found an independent enterprise or subsidiary.
Certain economic activities specified by law may be performed without a branch office or the foundation of an independent enterprise, such as:
- educational activities in educational and training institutions or higher education institutions;
- performing arts;
- activities requiring expertise (with the exception of auditing, accounting and bookkeeping services and legal services);
- business activities if they may be performed in Hungary without the presence of the foreign person and his/her permanent equipment;
According to the freedom of services the foreign persons may supply cross-border services in Hungary without establishment in Hungary for an economic purpose, within the limits of EU law and international agreements.