Starting a business in Hungary

Company registration in Hungary

One of the best options for people wishing to open a company in Europe is to start a business in Hungary. Has about 70 agreements on the avoidance of double taxation. The popularity of starting a business in Hungary is due to the low corporate tax, the central location in Europe, and the developed economic infrastructure.

To discuss a project

Choosing a name for a future company in Hungary

The client needs to provide 3 variant names of the company. We will check the availability of these variants for registration and offer free options for the final choice. If all three names are filled, we will ask for additional ones. Three names provision isn't a mandatory requirement, but will speed up the verification process.

Preparation of documents.

The client needs to prepare personal documents for company registration. Preparation can be carried out in parallel with the first stage. The exact list of documents depends on the characteristics of the future company. Usually, a copy of the passport and confirmation of the address of the company's participants, as well as a power of attorney, should be provided.

Preparation of registration forms.

A package of documents is formed for submission to the Register based on the data provided by the client.

Submission of documents for registration

The collected package of documents is submitted to the Register. After that, the documents are processed by the registrar and the company is entered into the Register database.

Obtaining confirmation of company registration.

After entering the company into the Register, you can see its registration data in it and if necessary order paper versions of the statutory documents with or without certification. The specialists of our company will help you with all the necessary certification (notarization, apostille) and translations into other languages, if necessary.

No items found.

Hungary company register: Available legal forms

Korlatolt Felelossegu Tarsasag (LLC) is a popular form of company registration in Hungary among businessmen. KFT can be a suitable option for tax planning when a firm has a small number of founders.

Businessmen can open other forms of enterprises in the territory of Hungary:

  • Partnership with limited (BT) or unlimited (KKT) liability;
  • Closed joint-stock company (ZRT).

How to start a new business in Hungary: KFT share capital

Company registration in Hungary requires certain financial expenses from businessmen. In the case of registering KFT, you need a minimum share capital of 3 million forints — about 8-9 thousand euros.

At least half of this amount should be paid at the time of company registration. The remaining sum — during the next 365 days. However, there is an important nuance: if at the time of the establishment, there will be only one member of the KFT company, the share capital must be paid immediately and in full.

Starting a business in Hungary: Peculiarities of the name of the future company

To open company Hungary, a businessman should be careful in selecting its name. It is forbidden to use names that are very similar to the names of existing businesses.

In particular, it is forbidden to use words associated in any way with the state or related to the government. In such a situation, registration of the company will be denied.

At the end of the company name must be an abbreviation that reflects the legal form of the business chosen by the businessman — KFT, BT, and so on. Starting a business in Hungary without the full name of the company, including the abbreviation of the legal form, is not possible.

Hungary company register: Advantages

Hungary is a country that provides a wide list of advantages for businessmen who want to open company in Hungary:

  • Relatively simple company registration, which can take up to 30 days, but you can start business activities immediately after submitting the documents.
  • One of the lowest corporate taxes in Europe at 9%.
  • Low costs for opening and maintaining the company.
  • Simple procedures for obtaining a visa and residence permit.

What you should remember when starting a business in Hungary as a foreigner

All firms located in the territory of Hungary must undergo a mandatory audit, keep accounts, and submit financial reports. The appointment of an auditor is mandatory when:

  • The annual income of the company exceeds 300 million forints (about 850 thousand euros).
  • The company has more than 50 employees.

Our experts offer a set of services for Hungary company registration. We can register company in Hungary quickly and at an affordable price and, if necessary, provide other necessary assistance.

directions of services
No items found.
Free initial consultation on legal issues, related to the daily activities of the business
To discuss a project
Countries are

Frequently Asked Questions:

Let's discuss ‍your project
Your message
Thank you for your message!

We will contact you soon and give a detailed answer

Oops! Something went wrong while submitting the form

This website uses cookis to improve user experience.