Kisvállalkozás

Kisvállalkozás is the Hungarian term for small business. It refers to enterprises that are independently owned and operated and not dominant in their field. These businesses typically employ a limited number of people and have a smaller annual revenue compared to large corporations. The definition of a small business can vary by country and sector, but in Hungary, it generally aligns with European Union criteria.

Small businesses play a vital role in the Hungarian economy. They are significant contributors to job creation, innovation, and local economic development. Many small businesses operate in sectors such as retail, services, crafts, and agriculture. They often provide specialized products or services and can be more agile and responsive to market changes than larger companies.

The establishment and operation of a kisvállalkozás involve various legal and administrative procedures. Entrepreneurs must register their business, comply with tax regulations, and adhere to labor laws. Government support programs and initiatives exist in Hungary to assist small businesses, offering funding, training, and advisory services to help them start and grow. Challenges for small businesses can include access to capital, competition, regulatory burdens, and adapting to technological advancements. Despite these challenges, the kisvállalkozás sector remains a dynamic and essential part of Hungary's economic landscape.