Hungary
Make employment in Hungary easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Hungary, all in one easy-to-use platform.
- Capital City
Budapest
- Currency
Hungarian forint (Ft, HUF)
- Languages
Hungarian
- Population size
9,772,756
Facts & Stats
- Capital City
Budapest
- Currency
Hungarian forint (Ft, HUF)
- Languages
Hungarian
- Population size
9,772,756
- Ease of doing business
Very easy
- Cost of living index
$$ (79 of 139 nations)
- Payroll frequency
Monthly
- VAT - standard rate
27%
- GDP - real growth rate
4.6%
Hungary, a landlocked nation in Central Europe, is one of the oldest countries on the continent. With a literacy rate over 99% and a robust educational system, Hungary is one of the most educated countries in the world. A country filled with delicious food and more thermal springs than any other country, Hungary is a top destination for global travelers.
Grow your team in Hungary with Remote
Looking to employ workers in Hungary? Companies hiring in Hungary must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Hungary on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Hungary team. You can also pay contractors now in Hungary with Remote.
Risks of misclassification
Hungary, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Hungary may lead to fines and penalties for the offending company.
Employing in Hungary
Hungarian employment is legislated by a combination of national and international laws, matching its fellow European countries in most respects. Employers and employees in Hungary must use written employment agreements to commence employment relationships. These contracts must include several details, including the title of the position, the salary to be paid, and the location where the work will be performed. With remote work on the rise, employers must be vigilant to ensure their employment contracts in Hungary will hold up to scrutiny.
Minimum Wage
Hungary differentiates between the minimum wage and the guaranteed minimum wage. The guaranteed minimum wage only applies to full-time employees hired for jobs that require at least a secondary school qualification or secondary vocational qualification. The minimum wage applies to everyone regardless of qualifications.
From December 2023, the minimum wage may increase by 15% to HUF 266,800, and the guaranteed minimum wage by 10% to HUF 326,000.
The minimum wage is known locally as "minimálbér." The guaranteed minimum wage is "bérminimum."
Payroll Cycle
Salaries must be paid on a monthly basis.
Onboarding Time
We can help you get a new employee started in Hungary fast. The minimum onboarding time we need is only 4 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
11 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR in Hungary: Take the Tour
Competitive benefits package in Hungary
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Hungary are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Fair Pricing in Hungary
Employer of Record
Hire and pay your global team
Starting at $599/month
for annual plans
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localized benefits
Contractor Management
Compliantly onboard and pay contractors
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with contractors in 200+ countries
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
Consolidate your multi-country payroll
$50
per employee/month
Top features
Reduce costs by centralizing payroll management
Ensure local compliance for every country
Direct support from in-house local payroll experts
Accurate, on-time, compliant payroll to level-up your employee experience
Tax and labor authority reporting handled for you
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app