Hungary Becomes Tax Haven for Czech and Slovak Enterprises

Business › Economy ♦ Published: September 15, 2012; 20:44 ♦ (Vindobona)

In the last three years, the number of Czech enterprises with head office in Hungary was up by 41%.

Hungary Becomes Tax Haven for Czech and Slovak Enterprises / Picture: © Vindobona.org

At the moment, 944 Czech companies are based in Hungary. Since 2009, the number of Slovak companies increased even more. In July 2012, about 10,000 Slovak companies with headquarters in Hungary were counted. Since 2009, the number grew by 50%. About 1,000 Slovak companies moved to the Czech Republic.

The main reason is the flat tax in Hungary. As the Hungarian economy performs…

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