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Non-compete agreements in Hungary are legally binding only if executed in writing, outlining clear geographical scopes, and providing a mandatory financial compensation of at least one-third of the employee’s base salary.
Foreign companies looking to invest in China should not focus solely on financial statements and revenue figures. Ecovis experts strongly advise conducting tax due diligence as well.
As of 1 July 2026, branches and representative offices of foreign companies that register directly with the Vietnamese tax authorities are required to disclose information regarding the legal and beneficial owners of their foreign parent companies.
