OUR SERVICES

Our services

  1. Cash Benefit Administration
  2. Company Formation Services
  3. Freelancer Services
  4. International Accounting Services
  5. Payroll in Hungary
  6. International Pension Administration
  7. International Tax Advisory
  8. International Tax Refund
  9. Labor and Social Security Advisory
  10. Labor Leasing Services
  11. Self-Employed in Hungary
  12. VAT Registration and VAT Administration
  13. Virtual Office Services
  14. Visa Application and Work Permit

 

1. Cash Benefit Administration

In Hungary the benefit in kind system is a very important tool for the employers to complement the earnings of their employee with reduced tax payments so it is essential to be planned properly. As part of our service we can plan the benefit-in-kind systems for companies and private entrepreneurs and we can prepare the benefit-in-kind policies also describing and planning the whole payroll process and cash flow system.

2. Company Formation Services

If you’re considering setting up a company in Hungary, stop right here! At TILEA Consulting Ltd., we offer a complete, one-stop solution for company formation in Hungary, including comprehensive and professional tax advisory, accounting, and payroll services. While forming a business is straightforward and something almost anyone can do, the real emphasis should always be on creating the correct tax structure. This is where we come in.

Our expertise goes beyond just helping you register your company. We assist you in navigating the complex landscape of tax regulations, ensuring you maximize your benefits and minimize liabilities. From the first step of choosing the right company structure to setting up a full-fledged business operation in Hungary, we provide guidance every step of the way.

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3. Freelancer Services

We provide support for private persons who would like to do business in Hungary as freelancers (here in Hungary we call them “individuals with tax number”).

4. International Accounting Services

According to the philosophy of our company the in-depth knowledge of accounting is a basic requirement for all tax and accounting fields. Our professional belief is that professional auditor, tax adviser or tax expert only those persons can be who is also a professional accountant. In accordance with this philosophy we can say that we are professional international tax experts because we have professional international accounting knowledge. The specialty of the international accounting we provide is that it is coupled with professional international tax advisory which is absolutely necessary for all international transaction. We have to emphasize that we provide real professional work so primarily we deal with the accounting and tax advisory of special and complex transactions. We can take the comprehensive accounting of companies only in those cases where the complex and complicated transactions make essential to entrust a professional international accounting and tax specialist.

We provide support mainly in those cases:

  • International transactions
  • Real estate project companies
  • Branch offices, subsidiaries
  • Sites in Hungary
  • International service providers
  • International distributors
  • Holding companies
  • Investors
  • IT companies

5. International Payroll Services

Managing payroll in Hungary can be a daunting task for businesses of all sizes, whether you’re a local enterprise or a multinational corporation entering the Hungarian market. With complex labor laws, unique tax requirements, and evolving regulations, ensuring compliance while keeping employees satisfied can be challenging.

At TILEA Consulting Ltd., we understand these complexities inside out. As not just another payroll service provider, but international tax experts with deep knowledge in accounting, tax consultancy, and legal expertise, we provide comprehensive payroll solutions that go far beyond the basics. Read on to discover why professional payroll services are essential in Hungary and how we can help your business thrive.

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6. International Pension and Social Security Administration

Social security administration services are very useful for:

  • expats
  • persons who are working in more than one country
  • domestic persons who are working abroad

and would like to clarify and manage their social security status or apply cash benefits.

With international pension administration service we can help those foreign private persons who would like to manage their pension with the Hungarian pension office. We can calculate the receivable maximum pension amount and we also help to act at the Hungarian pension office.

7. International Tax Advisory

International tax advisory and international tax planning are key services of our company. Taking into account all tax and accounting related areas we consider these two divisions as the most important and valuable ones since due to their complexity international tax advising and international tax planning require far the greatest expertise and the largest professional practice among them. This is the reason why our services reflect outstanding professional quality because all of them are based on the international tax professionalism we represent.

In general international tax planning is a tax optimization for the whole company taking into consideration the current typical conditions of the company’s operation, future economic goals, income structure, the characteristics of its activity, assets and workforce. The aim of international tax planning is not only to ensure the most optimal taxation of the income realized but also to facilitate the safe operation of the company and the protection of assets and resources.

International tax advisory is a more narrowly defined area than international tax planning. Typically, it provides tax expert solution for a certain economic transaction. With our international tax advisory services we provide support mainly for international companies who are dealing with product sales and service provision but we also have to mention those individuals who have incomes that have to be accounted towards tax authorities of different countries. Usually these individuals are expats, persons with international capital gains or persons who are engaged in real estate leasing, international performers and trainers, music artists.

Priority areas:

  • Triangular- and chain transactions
  • Tax warehouses and customs warehouses
  • Customer inventories
  • Electronic services
  • Webshops
  • IT services
  • Vehicle leases
  • Freight services
  • Construction activities
  • Conference organizer activities

8. International Tax Refund

With our international tax refund services we would like to support private persons (personal income tax, value added tax) and companies (withholding tax, VAT) to help them claim back their taxes from foreign tax authorities in a smooth process.

9. Labor and Social Security Advisory

Our international clients often require support in connection with their international employment relationship.

Usually we provide assistance in the following labor and social security areas:

  • Labour Law advisory
  • Social security advisory (with social security organisations)
  • Pension adivisory
  • Health contribution advisory
  • International tax advisory

10. Labor Leasing Services

With our international labor leasing services we can offer solutions for those foreign companies who would like to do business in Hungary or in the EU without establishing any local business entity. If the local presence is not required – up to a certain business size – this is a very cost effective way to do business.

This is economical because:

  • no company establishment fee
  • no administration and legal fee
  • no office rental fee
  • no management fee
  • no accounting and payroll fee
  • no responsibility

11. Self-Employed in Hungary

Starting a business in a foreign country can be both exciting and challenging. If you’re considering becoming self-employed in Hungary, you’re likely exploring the possibilities that this vibrant Central European country has to offer. Hungary’s business environment is favorable for entrepreneurs, particularly those interested in establishing a sole proprietorship. This article will guide you through the benefits, requirements, and process of becoming self-employed in Hungary, and how our company can assist you every step of the way.

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12. VAT Registration and Administration

VAT registration is one of the remarkable achievements of the European Union, enabling EU companies to sell their products and services within member states using VAT registration numbers obtained locally. In this blog post, we will explain the importance of VAT registration in Hungary, who should consider it, its benefits, and the process involved. Additionally, we highlight how our professional services can assist with all aspects of VAT registration and administration.

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13. Virtual Office in Hungary

Establishing a business in Hungary as a foreign entity can be both exciting and challenging. One of the critical aspects of setting up your company is the choice of a virtual office, a legal requirement for all businesses operating within the country. This article will explore the concept of virtual office services in Hungary, their benefits, the legal framework governing these services, and why choosing a full-service provider can be a game-changer for your business.

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14. VISA Application and Work Permit

Navigating the visa application process in a foreign country can be a daunting task, especially when it involves legal intricacies and a myriad of required documents. Hungary, as an EU member state, offers various visa and residence permit options depending on the purpose of the visit. This article aims to provide a detailed overview of the visa and residence permit types available in Hungary, the legal requirements, necessary documentation, and how our company can assist you with a comprehensive, professional service package that includes expert legal advice and support.

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