Nowadays, thanks to the innovative technology, the workforce has become interconnected and more mobile as well. Therefore, community office environments can easily develop and evolve. As a young entrepreneur who moves from another country to Budapest, Hungary, to start a business, it is very important to be very well-informed about everything, in order to know exactly where to start from.
When it comes to coworking spaces in Budapest, there will not be any sort of problems in finding what you need, because the city is full of places like that, places where you can develop your business ideas, and also meet new people and learn lots of useful things that will help you in the future. In order to choose what’s best for you and your business, here is a list of the best places for business networking.
Here, there are lots of clients who come from many fields, such as startups, freelancers, and even large companies. The international network from Kubik can definitely be extremely helpful and also open lots of doors. What this place has to offer is a work desk and a virtual office as well. In my opinion, it is the perfect place to improve your business. Kubik is quite expensive, its packages varying from €140 to €150 per month.
Impact hub Budapest
This place is perfect for new ideas and training as well. Furthermore, creative and social transformation is guaranteed. As an entrepreneur, you will be able to connect and also collaborate in order to transform your exceptional ideas into business. You will certainly be impressed by the professional workshops and events that take place here. All in all, you will have a lot to learn at Impact hub Budapest. The packages have prices that vary from €15 to €115.
If you are a digital nomad, then this is the right place for you. There is an office area upstairs with some presentation rooms, and downstairs you will find some working tables and a coffee shop in case you need to relax a bit and enjoy the inspiring atmosphere. In terms of costs, Cowo offers different packages, from daily contracts to weekly and monthly, in order to satisfy client’s needs. The price starts from €95, and ends at €130, for a whole month.
This place is available 24/7, and you can choose between workstations and offices, and even mentoring support. All the advice that you will receive here will help your business become a successful one. It is a bit cheaper than other coworking spaces in Budapest, but it is definitely worth the money. For example, a full package starts at €145.
In Budapest, you can also find eco-friendly communities, and the Greenspaces is one of the best choices you could make. Here, you will find green coworking office spaces. This location is right in the center of Budapest, which is certainly a great advantage. With the 35 desks, there is enough room for plenty of people with great ideas. The full package costs €130 a month.
In the business world, it is essential to know exactly what you want and how to get it. Furthermore, you must like what you do and dedicate yourself 100% if you really want to be successful. In my opinion, an English man who started a business in Hungary, if you seriously take these aspects into consideration, you will certainly make your dream come true. Here are the challenges of doing business in Hungary.
It is very important, that once you decide to move to another country, you learn the language. This is very important if you really want to be a professional. The Hungarian language can be quite challenging for many people, but it is actually easier to learn than you would expect to be. You just need to be persevering and serious, and you will be able to learn it in a short period of time, at least at the conversational level.
Politics and Economics
Due to the fact that this country has an open and small economy, it is very sensitive to external development. After the economic crisis that took place in 2008 and 2009, Hungary’s economy recovered slowly and it is expected to expand next year, in 2009. Its growth will actually be determined by both investment and consumption. Therefore, if you plan to start a business this year, in 2017, you must take this aspect into consideration.
Even though Hungary doesn’t force you to hire local directors to your company or have a local associate either, you will have some problems in hiring people, if this is what you want, due to the fact the unemployment is at the moment at a record low. It is very hard to find skilled employees who can help your business to grow. However, this situation seems that it has improved since the economic crisis, and Hungary is very optimistic regarding the following years.
One of the biggest challenges of Hungary at the moment is the unregistered employment, especially when it comes to the construction sector or the farming one. The hotel industry also has some problems, but things have definitely improved this year in comparison with 2016 and 2017.
If you still want to start a business in Hungary, then you must know what the risks are. The crime rate in Hungary has slightly decreased, but fraud still remains a problem. Street theft is similar to what other countries from Europe face. The police and ministry put out a lot of effort over the years to tackle trafficking, but this is still an issue that remains a concern.
A few years ago, renting a flat or an office wasn’t expensive, but the prices have increased over the past few years and this is definitely a big challenge for anyone who wants to move here and start a business. However, if you are lucky enough you can still find some places to rent with discounts for newcomers.
All in all, this is the information I want to share with you from my experience and from what I have learned since I am living and working here, in Hungary.
If you decide to start a business in another country than yours, then you must make sure you know exactly what are the advantages and disadvantages as well of such a decision. One of the most popular countries in Europe in terms of business is Hungary. Here, entrepreneurs all over the world make their dreams come true, thanks to the facilities that this state offers. Here is more information about living and working in Hungary as an expat.
I, as a businessman from London who moved to Budapest, Hungary, found very easy to start a business here due to many reasons. For example, taxes are quite small, and there is also no need for you to hire local directors. People are welcoming with foreigners, and the state definitely supports you. Furthermore, you can easily find coworking spaces where you can learn lots of helpful things, not to talk about the fact that you will get advice from experts about how to start and grow a business. Even if the costs are quite high, you must make an effort and go to one of those coworking spaces in order to know exactly what you have to do. The packages are daily, weekly, and monthly as well, and therefore, you will find something that suits you best.
My toner business became a successful one due to the fact that all the advantages mentioned above helped me a lot on my way to success, and this is why I want to share my experience with all the young entrepreneurs who want to come to Hungary. Even though that you might be stressed about this decision, I recommend you to take into account all the advantages and disadvantages as well and be optimistic in order to reach your goal.
When it comes to living costs, it is true that things are not as good as they used to be a few years ago. People pay a bit more for food and transportation than they did 5 years ago, for example. However, everything is quite cheap in comparison with England, Germany, Spain, or France. Renting an apartment is also affordable, and you can also benefit from some discounts at the beginning if you are a foreigner. There are many flat owners who apply discounts for those who come for the first time in Hungary, and this advantage can certainly help you save some money until your business starts to grow.
In terms of fun, there are plenty of wonderful things you can do in Hungary in your free time. Whether you like art or music, you will definitely find something new to do every time you decide to go out. Furthermore, locals are very friendly and you can quickly make some new friend to hang out with. If you want you can also request the services of an budapest escort because there are plenty. Hungary is one of the countries with a high number of escorts, and finding one will surely not be a problem, especially in Budapest.
One of the best places to start a business in Europe is without a doubt Budapest. In this wonderful city, you have the chance to develop your ideas in quite a short period of time and with little effort as well, thanks to all the easy formalities that Hungary offers in terms of entrepreneurship. The only thing you need to do is to make sure you know exactly what type of business you want to start, and also work quite a lot for your purpose. However, the results will definitely be satisfactory.
For example, a toner business is something that is not very difficult to put into practice, and if you love what you do then you certainly cannot be anything else but successful. To be true, a business like this can have success anywhere due to the fact that printers are used all over the world, but it is important that through your way to success you get some help from the country where you want to develop your idea, and this is the great advantage that Hungary offers.
One of the best things about this country is that it allows foreigners to do business on their own. In other countries this is not allowed, and you must have a local partner or local directors, in order to become an entrepreneur. Therefore, all entrepreneurs should seriously take into consideration this important aspect, if their plan is to move to another state.
In my case, coming from London to Hungary was a lot easier than I expected to be. In comparison with the capital of UK, where things are very strict and you need thousands of papers and approvals if you want to become an entrepreneur, in Budapest, things are a lot easier from this point of view, and you do not need to stress too much in order to reach your goal.
Another advantage that helped me a lot with my business was the corporate tax, which in Hungary is 9%, compared to other countries, where it is much more. This tax applies to your company’s profit after the deduction of all your expenses. Settling in this country as an entrepreneur also allows you to get quite fast EU residency.
When moving to a new country, it is also essential to learn the language, at least at a conversational level. Even if Hungarian might be quite hard for many, it is actually very easy to learn. If you persevere and you really want to make a good job, then from my point of view, you must be able to talk to your clients in their native language, in a professional manner.
All these advantages helped me become a professional regarding my field of activity, and I cannot be happier than I am at the moment, and also thankful to this country for helping and supporting me with my plan of business. Of course, I have to work very much in order to obtain fantastic results, but in terms of starting a toner business I would definitely not choose another country but this.