ITL Group

About ITL Group

Founded in Budapest in 1995 by an Italian entrepreneur who had settled in Hungary in 1992, this multidisciplinary group assists foreign investors from entry to daily operations. Around 75 professionals work across nine business areas, including consulting, accounting, tax, audit, payroll, human resources, real estate, marketing and an affiliated law firm. It reports having helped more than 500 companies establish themselves in Hungary. A strong Italian orientation is visible, with an Italian-language news portal and a database of Italian companies active in the country, while a French-speaking accounting and payroll team joined in 2021. The group acts as the Hungarian member of a European network of VAT representatives and offers fiscal representation for foreign businesses. Its website exists in Hungarian, English, Italian, French and German, and it also runs training, research and networking initiatives for the international business community in Budapest.

Services

Company formation and domiciliation, support opening personal and corporate bank accounts, and residence permit assistance. Accounting is offered in-house or outsourced, including IFRS reporting, financial statements, management control and transfer pricing documentation. Tax services cover consultancy, disputes, VAT registration and compliance, and fiscal representation. Further lines include payroll and social security administration, accounting and tax audit, due diligence, recruitment and HR compliance, real estate valuation and brokerage, and legal work through an affiliated law firm.

• ✓ Company formation: offered
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✓ VAT: offered
• ✓ Payroll: offered
• ✓ Audit: offered
• ✓ Bank account assistance: offered
• ✓ Residency and visas: offered
• ✕ Corporate secretarial: not listed
• ✓ Virtual office: offered