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Hungary creates tax-exempt asset management foundations for storing and transferring wealth

07/08/2019

Recent changes to the Hungarian legal and tax system have created a new type of legal entity: an asset management foundation. This new entity enables families to manage, preserve and increase their wealth over generations, similar to the private foundations widely...

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Authors

Portrait ofAnikó Kircsi
Anikó Kircsi
Partner
Budapest
Portrait ofEszter Kálmán
Eszter Kálmán
Senior Counsel and Head of Tax
Budapest