Fewer Foreigners Starting Businesses In Hungary

  • 20 Nov 2015 8:00 AM
Fewer Foreigners Starting Businesses In Hungary
The number of new companies registered with one or more foreign owners fell from an annual 3,000 in 2009 to 2,200 last year, according to company data provider Opten. Tighter rules aimed at reducing registrations for fraudulent purposes played a part in the lower number.

Ukrainians set up more companies than any other foreign nationals last year, at 280, while Italians registered, 229 and Romanians 175.

Six years ago Chinese nationals dominated new company set-ups by foreigners, Opten said.

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

  • How does this content make you feel?

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.