Hire employees and manage payroll in Hungary

Registering a company in Hungary is generally prerequisite for doing business. A local registered attorney must sign the company’s constitutive documents. Incorporation is carried out as a request, which is filed with a Hungarian Court of Registration within 30 days from the conclusion of the constitutive document. The registration procedure is digitized.

In sum, the timeframe to consider for incorporating in Hungary includes: 1 day to prepare registration documents, 1 one to open a bank account, followed by incorporation and the issuance of the certificate of registration from the Trade Register, which usually takes up to 15 days. Finally social insurance registration takes 1 day. A registration certificate is then issued, which the company needs to operate.

In Hungary, a written employment contract is a requirement and an obligation which falls on the employer. As per Hungarian labour law, the contract must stipulate the wage and position of the employee – these terms are essential under. Generally speaking, an employment can either be fixed term (határozott időre szóló munkaszerződés), a contract which cannot exceed a total of 5 years, or indefinite (határozatlan időre szóló munkaszerződés). Probationary periods are possible, but may not last longer than three months.

In Hungary, full time equals 8 hours per day and 40 hours per week. Overtime hours during workdays are to be paid at a rate of 150% and overtime hours on weekends and bank holidays are paid at a rate of 200%.