The latest data shows that in 2022 the number of Hungarians applying for official settlement permits in England increased by another eight thousand. Currently, several hundred thousand Hungarians may still live in the island, so with so many Hungarians, it is not surprising that many are thinking about online business or other businesses. Because in today's globalized world, it can be quite easy to live in England and work globally, so let's say we operate an online business.
The rise of e-commerce and digital transactions has revolutionized business dealings in both the UK and Hungary. Entrepreneurs must navigate different regulations, payment methods, and consumer preferences to succeed in these markets. Similarly, in the online casino world, proper financial management is key to long-term success. Players who master essential bankroll management strategies at casinos can make smarter bets and extend their gaming sessions. Whether in business or gambling, careful planning and disciplined financial strategies lead to better outcomes.
Here we can think about the services provided to Hungarians in England (this is what many people do), we can operate a gambling affiliate platform, as the Kaszinók.Online page also points out. Starting a business in the United Kingdom is a really good idea if you don't expect to earn more than 20-25 thousand pounds a year. Above this limit, it's better to suspend your sole proprietorship and start a company.
Of course, in this sense, we don't call this status a sole proprietorship in England, but a self-employed person, but this is the closest thing to a Hungarian sole proprietorship. Basically, this kind of self-employed thing is available in England to those who are engaged in independent individual activities, a significant part of which is online work. This can be translation, writing, design, graphics, operating all kinds of online affiliates and sales platforms - just look at the eto gambling platform, which has the great advantage for gambling affiliates that, for example, there are few online casino options in Hungary, and casinos are not available anywhere else besides Budapest, for example.
So, returning to sole proprietorship in England, the biggest advantage is that this status can be created very quickly and involves relatively minimal administration, so you don't need a supporting accountant or financial advisor. Not even if you are completely new to England. It's similar in Hungary, by the way, it all depends on how you carry out the activity.
How regular it is, how much income you expect, whether you have a full-time job or not, and so on. An important factor is that if you carry out online business activities as a sole proprietor in England, this does not entitle you to continue the same activity in Hungary under the auspices of English documentation.
Of course, the situation is different if, say, you have a permanent residence in Hungary, but you carry out your activities as a sole proprietor in England. Then you will be taxed according to English taxation, and you will not carry out activities according to Hungarian law. But what kind of business is worth starting in the online space in England or Hungary? In Hungary, e-commerce and, for example, gambling are also very popular.
Just look at the Kaszinok.Online page, you can see how popular the keywords eto gambling and casino Budapest are. And we can start a casino affiliate company quite easily. But when it comes to starting a business, online stores and freelancing are the most popular. For example, many people translate books, deliver between Hungary and England, or even start some kind of social media business.
We won't mention names, but there have been many Hungarians in the United Kingdom whose online business has grown so much that they soon had to suspend their individual businesses because the income was so high. Anyway, there is not too much difference between Hungary and England in terms of online businesses - as far as profiles are concerned. In a recent list of the best online business ideas published by an English newspaper,
e-commerce were at the top of the list, and in fact, these are also highly recommended and popular options in Hungary.
From a tax perspective, the differences are not that huge, you still have to give your business some form, whether you are thinking of starting a sole proprietorship or a company. We can say that the administrative process is somewhat simpler for the English, although there are simpler solutions in Hungary as well. We therefore recommend that everyone consult an expert before starting a business in England or even Hungary, because experiencing every step of the process for yourself can be quite tricky and we can waste a lot of time doing so.
Doing business online requires adaptability, as consumer preferences and regulations vary between countries. In both the UK and Hungary, digital transactions have become the norm, enabling seamless e-commerce and financial exchanges. Similarly, the casino industry has embraced digital advancements, making gambling more accessible than ever. If you enjoy high-stakes excitement, explore 11 casino-inspired movies you can’t miss and dive into Hollywood’s portrayal of risk, luck, and strategy. Just as business evolves with technology, the gambling industry continues to thrive in the digital age.