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Your success in new markets greatly depends on finding the right local partner. Does your local partner offer the right services and expertise, fully tailored to your needs?

 

With InterGest you are in good hands. We take care of your business from the onset. Our approach is intensive and personal. And our team speaks English too.

 

We have deep understanding of the business conditions and opportunities in Hungary. Whether you need insight in national and regional particularities and advantages, cost structures, funding, legal and fiscal parameters or staffing, InterGest will provide full support and extensive know-how. Thus you can tap into existing potential and minimize the risks from the onset.

 

Below is a description of the range of our services.

 

  • Internationalisation

    IInterGest is an international business administration and management firm committed to supporting export-oriented businesses in their international expansion, with particular expertise in helping companies establish and develop a local presence in foreign markets.

    With offices in over 50 locations worldwide, InterGest provides companies with key international and local services and advice for developing new markets.

     

    From market entry and the establishment of a local operation through to the administration and management of branches and subsidiaries (including accounting, human resources, sales organisation, and controlling and reporting) InterGest offers you unparalleled support with its comprehensive range of services and extensive expertise in international business.

    Whether taking a country-specific, regional or global approach, our clients receive a flexible, tailored solution to ensure optimal growth in their target markets.

  • Business Establishment

    When our clients wish to establish a local presence in foreign markets (eg. branch, subsidiary, holding company, representative office, etc.) we handle all establishment, incorporation and other formalities for them and provide comprehensive support and advice in the process.

     

    So that the foreign operation has the right support from day one, our services include:

     

    • Experienced multilingual staff who, in addition to their national language, usually speak English, German and French, and deal with all office work, including bookkeeping and accounting
    • An officially accredited accounting division under the direction of professionally certified accountants and tax advisors
    • An experienced team of professionals for all specialised fields of international commerce, trade and banking
    • Modern offices in the business centres of major cities across the world, with state-of-the-art office communication and IT systems
    • Comprehensive invoicing and bookkeeping services, sales and inventory statistics, profit calculations, agents’ commission processing, and payroll service
  • Administration

    The range of services offered by InterGest includes all administrative activities involved in operating a foreign establishment (eg. branch, subsidiary): accounting, controlling and reporting, human resources management.

     

    In the first stage, the preparatory phase, we will discuss your business objectives with you and, after thorough analysis, prepare a suitable legal and fiscal concept for your foreign operation. In the subsequent phase we assist you in stablishing your foreign operation and its organisational structure. InterGest will implement its administrative services according to your requirements. Our clients of course have access to their current data and business processes at any given time.

  • Accounting

    Although there are efforts to set uniform international accounting standards, regulations still differ from country to country and must be followed when preparing annual accounts.

     

    Larger companies in particular often do the accounting within their corporate group in accordance with US-GAAP or IFRS in order to most easily consolidate their international operations.

     

    InterGest has the ability to deal with both international and local standards, taking care of your financial accounting according to the requirements of your corporate group and of the local accounting regulations. To do two annual balance sheets for a client – e.g. one in accordance with IFRS and one according to local regulations – is something we do all the time.

  • Controlling and Reporting

    When you entrust a specialist with the administration of your foreign operations, you can expect full transparency when it comes to corporate reporting. At the InterGest Head Office in France, as in many of our offices, we use SAP as our ERP system. Clients receive user licenses, enabling them to have 100% transparency in their internal business operations.

     

    Clients that do not work with SAP are also offered this level of customised, transparent reporting when establishing their business in international markets. Whether you wish to use your own MIS software or prefer Excel files, whether you require periodic reporting or would rather view your figures via a VPN connection – InterGest offers you the solution you prefer.

    We provide the following services in this area:

     

    • Periodic overview of all accounts of a foreign operation in the national currency or any foreign currency
    • Periodic transnational overview of all the accounts of all foreign operations in a currency selected by the client (consolidated reporting)
    • Country-specific and transnational budgeting as well as target/actual costs comparisons
    • Periodic cost accounting with operating income calculations
  • Debitor Management

    Overseas customers are used to following the payment periods and payment methods in their own country and will usually not want to follow the same norms as customers in your home market, which can be an issue when dealing with customers in various markets.

     

    Companies that operate internationally often try to handle all their international debtor management centrally from their headquarters. Using a central ERP system with a merchandise management system may seem sensible and cost effective at first, but this one-size-fits-all approach can also cause considerable problems.

     

    This is especially true when it comes to reminders to debtors and payment collection. It is here that international customers can quickly be alienated and lost, as differences in norms and methods in the various markets play a significant role. While in some countries it is quite common to send reminders after only two weeks, in others no written reminders are sent at all and customers with outstanding debts are simply phoned.

     

    We advise our clients in these matters and provide a targeted service in this regard. Our job is to reconcile our clients' need for liquidity with the payment habits of their customers.

  • Other Services

    In addition to the above services, InterGest offers extensive professional support in a wide range of international business matters.

     

    • VAT rebates
    • Double tax agreements
    • Transfer pricing
    • Corporate structures
    • Export assistance
    • International franchising
    • Accounts receivable management
    • Intellectual property

Have questions or need more information? We will get back to you as soon as possible.

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© 2015 | InterGest Hungaria Kft.