Hire your remote team in Hungary

Rivermate is a global employment solutions company that provides Employer of Record services in Hungary.

As an employer of record, we help you hire employees and run payroll services in Hungary, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Hungary.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Hungary or individually hire remote employees in Hungary, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Hungary services can best help your company!

Hungary's cost of living is $712, which is 1.31 times less costly than the global average. Hungary rated 119th out of 197 nations in terms of cost of living and 47th in terms of quality of life.

In Hungary, the average after-tax wage is $801, which is enough to pay living costs for 1.1 months.

Hungary is a global leader in nanotechnology, molecular chemistry, and biotechnology services. Medical equipment providers in Hungary are EU-based manufacturers, providing a broader scope for global enterprises and investors. Hungary is an export-driven producer of medical supplies and equipment, employing approximately 120,000 people in the healthcare industry. Hungary makes medical gadgets that are exported all over the globe thanks to technical breakthroughs.

Consumer Electronics and E-Commerce: To expand its e-commerce business, Hungary is focusing on its weak IT infrastructure and educational institutions. With the obstacles provided by the pandemic, online sales and transactions have exceeded their original forecasts, offering greater opportunity for local and worldwide enterprises.

Franchising: For more than 30 years, franchising has been a part of Hungary's history. With global food chains such as McDonald's, Kentucky Fried Chicken, Burger King, and others expanding in Hungary, the scope of additional multinational chains investing in Hungary has grown tremendously. There are roughly 350 businesses, with 50% of them being foreign-owned. With over 20,000 franchisees and over 100,000 workers, this industry offers development opportunities comparable to other nations. Local franchises offering a variety of services have also grown in popularity over the years, with hair salons, pharmacies, bakeries, and real estate businesses among the main challengers. However, there exist skill shortages in the delivery of products and services. These gaps create additional possibilities for companies and investors.

In terms of labor law, Hungarian legislation operates under the supervision of European laws. When there is a labor dispute, the court normally supports the employee's rights, which are stated in the Labor Code, collective bargaining agreements, and employment contracts.

Fixed Term Employment and Indefinite Term Employment are common terms used to describe the relationship between an employer and an employee in the context of a contract. A formal contract is required at all times. It is the employer's obligation to establish the terms and make them known in writing.

The majority of jobs in Hungary provide employee perks. Many businesses have made providing basic perks obligatory.

Hungary has enormous potential in important areas such as textile, food processing, and agriculture. With a low unemployment rate of 4.4%, job security is provided in a variety of industries. Hungary is a tax-friendly nation with no house or land tax, offering investors and enterprises opportunity to build their infrastructure.

Over the years, Foreign Direct Investment has played a significant role in upgrading sectors, creating employment and boosting the country's economic progress.

The minimum wage in Hungary is set at 167,400 HUF. However, when the job requires secondary educational and vocational qualifications, the guaranteed minimum wage is 219,000 HUF.