Work in Cambodia for a corporation based in Hungary
Can I work remotely in Cambodia for a company in Hungary?
Yes it’s perfectly possible, but we advise first to check the following points:
- The company in Hungary must have a branch in Cambodia.
- The company must be legally registered in Hungary.
- The company must be registered in Hungary with a Cambodian partner company.
- The company must be registered in Cambodia with a Hungarian partner company.
How can I find a remote job in Hungary while living in Cambodia?
When things work out well, it’s possible to find remote jobs in Hungary even if you are located in Cambodia, for that we need to know that the Hungarian economy is doing well.
The economy of Hungary is doing very well. The GDP growth rate in the past years is about 3% and the unemployment rate is about 7%. In the past years the GDP growth rate was about 5% and the unemployment rate was about 10%.
The main reason for the high unemployment rate is the economic crisis in 2008. The economic crisis in Hungary has been very bad and it lasted for about two years. The GDP growth rate was about -3% and the unemployment rate was about 20% in the years after the crisis.
The Hungarian economy is doing very well again. The GDP growth rate was about 5% and the unemployment rate was about 10% in the past years.
How can I get paid in Cambodia when working remotely for a company in Hungary?
It is possible to get paid in Cambodia while working for a company in Hungary but it’s not a common practice.
The first thing you need to do is to register for the bank account. You can do this at any bank and you will need to provide the following documents:
Your passport (as proof of identity)
Your work permit (as proof of work)
A copy of your contract (as proof of work)
A copy of your salary slip (as proof of payment)
A copy of your tax invoice (as proof of payment)
A copy of your bank statement (as proof of payment)
The second thing you need to do is to find a way to transfer money from your bank account in Hungary to the bank account you registered in Cambodia. There are a few options to transfer money from Hungary to Cambodia.
Via the Money Transfer
You can send money to Cambodia via the Money Transfer. You will need to provide the following information:
You can do this online. Just click on the button on the top right corner and follow the instructions.
Via the Post Office
Will I pay taxes in Cambodia or Hungary when working remotely in Cambodia?
Taxes can be complicated when working remotely in Cambodia for a corporation in Hungary, so we’ve put together this guide to tax and accounting for remote workers.
What are taxes for remote workers?
The taxes that you pay depend on the type of work you do and where you work.
In most countries, the tax rate for the average employee is typically around 40-45%, but it may be higher depending on your salary and the country you work in.
In Hungary, for example, the minimum income tax rate is 18% for the average employee, and the maximum rate is 36%. The average employee is taxed on the first $9,929 of their annual income, and the maximum tax is on the first $30,000 of their income.
The tax rates in Cambodia are much lower, with the average employee taxed on the first $3,000 of their income and the maximum tax on the first $12,500.
So, in Cambodia, you’re taxed on a lower amount of your income than in Hungary.
For remote workers, it’s important to consider where you’re working from.
When you’re working in Cambodia for a corporation in Hungary, you’ll have to pay taxes in Cambodia, and the taxes that you pay are based on your Cambodian salary.
The taxes that you pay are based on your Hungarian salary, and the taxes that you pay are based on your Hungarian salary.