Expanding your business into Hungary? Make employment in Hungary straightforward and efficient with our comprehensive Employer of Record (EOR) services. At Stipenda, we manage payroll, benefits, taxes, compliance, and even stock options for your team in Hungary, all on one user-friendly platform.

Why Choose Hungary for Your Expansion?

Hungary, a historic nation in Central Europe, offers a highly educated workforce, with a literacy rate exceeding 99%. Known for its rich culture, delectable cuisine, and the highest number of thermal springs globally, Hungary is not only a tourist favorite but also an attractive destination for business expansion.

Grow Your Team in Hungary with EOR Services

Looking to hire in Hungary? Companies must either establish a legal entity in the country or partner with a global employment solutions provider, such as Stipenda. We employ your team in Hungary through our local legal entity, managing payroll, benefits, taxes, and compliance, allowing you to focus on your core business.

Key Aspects of Employing in Hungary

Employment Contracts: Employment in Hungary is governed by both national and international laws. Employers must provide written employment agreements detailing the position, salary, and work location.

Minimum Wage: Hungary differentiates between the minimum wage and the guaranteed minimum wage. As of now, the guaranteed minimum wage for qualified employees is HUF 296,400, while the minimum wage is HUF 232,000.

Payroll Cycle: Salaries are typically paid monthly. Our streamlined onboarding process can get a new employee started in just 4 working days.

Public Holidays: Hungary observes 14 public holidays, including New Year’s Day, Easter Monday, Labour Day, and Christmas.

Competitive Benefits Package

At Stipenda, we offer tailored benefits packages to meet the needs of your Hungarian employees. These packages may include:

• Health Insurance
• Dental Insurance
• Vision Insurance
• Mental Health Support
• Pension Plans
• Life and Disability Insurance

Understanding Employment Taxes in Hungary

Employment taxes and statutory fees in Hungary are structured as follows:

• Employer Contributions: 13% Social Tax
• Employee Contributions: 10% Pension Contribution, 7% Health Insurance, 1.5% Unemployment Contribution
• Employee Income Tax: 15% flat rate

Types of Leave

Hungarian employees are entitled to between 20-30 days of paid leave annually, based on age, with additional days for employees with children. Maternity leave is 24 weeks at 70% of average wages, and fathers receive 10 days of paternity leave.

Termination and Severance

Termination in Hungary requires a written reason and a notice period of 30-90 days, depending on the length of service. Severance pay ranges from one to nine months’ salary, based on tenure.

Streamline Your Expansion with Stipenda

Expanding your business into Hungary offers numerous opportunities. Partnering with an EOR simplifies the hiring process, ensuring compliance with local laws while you focus on growth. Contact us today to learn more about how we can support your expansion into Hungary.

Contact Us:

• Email: sales@stipenda.com
• Europe: +44 (0) 330 380 0161
• US: +1 800 910 7847

Take the first step toward a successful expansion into Hungary with Stipenda’s expert EOR services. Simplify your international hiring and focus on what you do best—growing your business.