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Hungary

At a glance

  • Capital

    Budapest

  • Currency

    Hungarian Forint (Ft, HUF)

  • Official Languages

    Hungarian (official language)

  • Population Size

    9,678,000 (2023)

  • Ease of doing business

    Very Easy

  • VAT

    0.27

About

Hungary experienced significant political and territorial changes throughout the 20th century, notably losing 71% of its territory following World War I. However, since transitioning to democracy in 1989 and joining the European Union in 2004, Hungary has steadily rebuilt its infrastructure and diversified its economy. Today, it ranks as one of the most attractive foreign direct investment destinations in Central and Eastern Europe.

Thanks to its skilled workforce, modern transport links, and competitive tax environment, Hungary presents strong opportunities for companies employing staff overseas, managing a remote workforce, or considering how to expand their business internationally. The country’s business climate is increasingly supportive of international HR consultancy, global compliance, and EOR payroll solutions.

Mauve Corporate Systems UK has a registered payroll in Hungary and offers a full range of in-country services, including Employer of Record (EOR) services, payroll for international employees, and strategic global HR support to ensure full compliance with local employment laws.