Making Compound Interest Work for You
Compound interest is a rather simple concept in theory. It refers to reinvesting the interest earned on a positive balance in a savings or investment account to earn more…
Author: Robert
Why Hungary Is Not the Offshore Tax Haven You Think It Is
Hungary, one of many Central European countries, is often mistakenly believed to be an offshore tax haven. This perception seemingly stems from Hungary’s lower corporate tax rate (9%) compared…
Are You Non-Domiciled? How To Determine Your Domicile Status
Since the news broke that British Prime Minister Rishi Sunak’s wife is non-domiciled (UK), the topic has been discussed and written about almost nonstop. But what does ‘non-dom’ status mean…
Protect Your Legacy By Minimizing Your Hungary Inheritance Tax Now
Protecting your loved ones’ financial future is the most important part of estate planning. However, in Hungary, inheritance tax can take a large chunk of the inheritance you leave behind.…
Investing in Real Estate to Obtain Second Citizenship
Many people are considering obtaining a second citizenship (or dual citizenship) in 2024. Being a citizen of two countries gives people the freedom to live, work, and own property in…
A Hungarian Tax Guide for Expats and Investors
Hungary is known for its ancient historical sites and distinctive culture. However, in 2024, investors and expats are drawn to the country because of its growing economy. Those considering a…
Global Inflation Is Set To Stabilize For 2024
After another year of price increases, global inflation will stabilize in 2024. This is according to forecasts by several leading financial institutions. This welcome news brings relief to consumers…
A Closer Look at Hungary’s Export Market
Global economic changes continue to affect export markets. This presents both challenges and opportunities for several countries, including Hungary. In 2024, despite several challenges, the country’s export market is still resilient. It also shows…
Get a Better Look at Where the Job Market is Heading for 2024
There was a lot of uncertainty in 2023, but it turned out to be a smooth, stable job market. Even among tough issues, like high interest rates and inflation,…
Where Does Hungary Stand With the Average Income of EU
While it is true that Hungarian salaries have increased over the past couple of years, many want to know how they compare to the rest of the European Union.…