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

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