Since COVID, we have been living with a rule that makes the acquisition of ownership by foreigners in certain Hungarian companies operating in strategic sectors subject to government approval. Although we can no longer speak of a state of emergency, the rule is expected to stay with us for long – albeit with several modifications along the way, as happened in January this year.

On 26 February 2024, the 34/2024 (II.26) decree on the different application of Act C of 2000 on Accounting during an emergency was published in the Hungarian Gazette, which repeals a decree issued a few days before, on 8 February.

Contributed by Boga & Associates.

Contributed by Babic & Partners.

Contributed by Bird & Bird.

Contributed by Boga & Associates.

Contributed by Ilaw Lextal.

Contributed by Aci Partners.

Contributed by Jovovic, Mugosa & Vukovic.

Contributed by Debarliev, Dameski & Kelesoska.

Contributed by WLAW Woloszanski & Partners.

Contributed by Nestor Nestor Diculescu Kingston Petersen.

Contributed by Bojovic Draskovic Popovic & Partners.

Contributed by Kavcic, Bracun & Partners.

Contributed by Integrites.

Contributed by Nazali Tax & Legal.

1 March 2024 marks the date when the Transformations Act No. 309/2023 came into force in Slovakia. This regulation comprehensively outlines the procedures for national and cross-border mergers, divisions, and conversions of companies and cooperatives, moving away from the previously scattered provisions in the Commercial Code.

As of 1 March 2024, it possible to submit applications for residence permit at the Immigration Authority in accordance with the new regulation, i.e. the Act XC of 2023 on the General Rules for the Entry and Residence of Third-Country Nationals.