Hungary is regarded as a low profile tax haven and thus many people choose to open up a bank account in this location. The tax regime of Hungary attracts people from all over the world to open bank accounts there, and it is an extremely straightforward procedure to open a Hungary offshore account.
Why Open a Hungary Offshore Account?
Hungary is a popular location for offshore bank account opening for a number of reasons. Hungary is regarded as a well-regulated jurisdiction with stringent banking regulations. It is a member of the European Union, and its economy has shown continued grown since its integration in 2004. Hungary is also a full member of the World Trade Organization, as well as the Organization for Economic Cooperation and Development (OECD).
Foreign investment is extremely important to the Hungarian economy, which is why the government of Hungary continues to encourage foreign investors to this country. This is usually in any number of forms, such as company formation or bank account opening. Hungary has good international relations and enjoys strong trade, investment and business relations with many countries globally. Investing your funds into a Hungarian bank account is regarded as straightforward, although Hungary’s financial regulations are stringent and subject to strict rules of law.
Opening a bank account in Hungary offers exceptional levels of safety and your funds will be protected to the highest of standards. Selecting the right bank or financial institution will depend on your personal and financial needs. It is best to seek the advice of a professional consultancy firm to find the best banking solution for you. There are many major banks operating in Hungary and thus selecting the appropriate one for your particular needs is an imperative decision.
Opening a bank account in Hungary will enable you to choose which currency you select for the opening of your account. Many people choose to open their account in either US dollar or the Euro, and the procedure for opening the account is relatively straightforward. In addition, the minimum initial deposit required to open the account is usually particularly low.
Starting Business are an experienced consultancy firm who can assist you with all of your offshore bank account opening needs. To learn more about setting up a Hungary offshore account, please view our Hungary Offshore Bank Account services page.