The tourism industry in Hungary performs very well, as the number of the incoming tourists increased in August 2016 by 3,6%, compared to the same month of the previous year. At the same time, the Central Statistical Office in Hungary presented data on the local tourists and it is important to know that they are represented even better, as the number of local visitors increased by 6,8%. Thus, those interested in opening a company in Hungary can set up a business in this field and our team of specialists in company formation can provide assistance on the incorporation procedures, but also on the licenses which are necessary for this industry.
When opening a company in a foreign country, the investor will have to take into consideration many aspects, including the identification of the perfect location for the company’s office. In doing so, the businessmen will need to refine their search in accordance with the specific operations carried out by the company, the overall budget, the size of the company and many others. Hungary represents an important business market, where many industries are welcoming foreign investors and our team of company formation representatives can offer their assistance in finding a suitable office.
Hungary, a member state of the European Union, is located in the Central Europe. Many business fields are very well developed here and the market provides good business opportunities for small businesses. A small company is defined by a limited number of employees, less than 10, and such businesses are strongly recommended for families or individuals who want to carry out operations in their own name. Our team of Hungarian company incorporation representatives can assist foreign persons who want to access Hungary in order to start a company here.
The Hungarian economy is showing positive prospects which can appeal to foreign investors, as the it experienced a significant growth in the fourth quarter of 2015. An important aspect of the local economy is represented by the industrial sector, which was the main provider of growth measured in terms of Gross Domestic Product (GDP). Foreign businessmen interested in opening a company in Hungary can receive an in-depth presentation on the local economy from our Hungarian company formation specialists.
The tourism revenues in Budapest have the potential to rise by up to 1 billion EUR, according to the Hungarian news publisher mno.hu. This information emerged from a comparative study of 13 European cities, conducted by a consulting firm. Besides Budapest, some of the cities analyzed in the study were: Barcelona, Lisbon, Berlin, Vienna and Prague.