Company Establishment Hungary

Here are 5 good reasons to form your company in Hungary:

1. It is a gate to the European Union,
2. It has a stable economy and good infrastructure,
3. It has low taxes, (Lowest in the EU, %9)
4. The low costs of company registration and
5. The friendly business culture.

For further information, please consult our article at Company Setup in Hungary

Even though Hungary is a member of the European Union, it does not use Euro. Hungary has its own currency called the Hungarian Forint (HUF).

The most common company type in Hungary is called Korlátolt Felelõsségû Társaság (KFT),    equivalent for limited liability company.

To provide detailed information about other company types and KFT, please consult our article, Company Formation in Hungary.

The minimum capital needed to establish a KFT (LLC) is HUF 3,000,000. (Apprx: 9.000€)

Our team can help to incorporate without paid capital. Please contact us for details.

KFT formation process consists of 6 steps in total:

1. Hire a lawyer who will represent the company; create the company deed and prepare any other necessary legal document
2. Open a bank account and deposit the capital
3. Apply for registration at the Registration Court
4. Register with the National Office for Health Insurance
5. Registration for Municipal Business Tax
6. Register with the Hungarian Chamber of Commerce and Industry

Our team provides full service for all incorporation process in Hungary.

Our team will provide you key service for incorporation with all steps as:

1- 30 Min Free Online Meeting

2- Get Offer including official cost, virtual office and also accounting

3- Make contract with us and fill out the form

4- We send documents to get signed back and arrange a video notarization procedure

5- Incorporate Company without paid capital and extra expense in 10 business days and obtain tax number too

6- Apply for bank account

7- Assist Manager of the company to obtain personal tax number and online government gate

8- Start accounting and manage company remotely and start issue invoice

All are in 14 days (Bank Account may take longer it depends mother company)

For more details and arrange 30 Min Free Call Keep in Touch with us

The process of Company formation in Hungary takes 7 business days. (for KFT-LLC)

The cost of company formation in Hungary depends on many factors such as the number of shareholders and the amount of capital.

Please contact us to provide more information and our experts will calculate the cost for you.

Yes. In Hungary, it is obligatory to be represented by a lawyer during the registration process.

Our lawyers provides transparent service for all steps of incorporation in Hungary. Contact Us

In Hungary, the corporate income tax is 9% (Lowest in Europe),  local tax is %2 and the value-added tax is 27%.

To provide detailed information about tax rates in Hungary, please consult our article at:

Taxation in Hungary

The main industries in Hungary are;

1. Banking,
2. Agriculture,
3. Heavy Industry,
4. Construction and
5. Tourism.

Company formation in Hungary can be carried out by power of attorney by our lawyers remotely.

During company formation, VAT and company tax number registration will be registered by our team.

Gurcan Consultancy provides tax advising and account services after incorporation.

1. Lowest corporate tax in Europe,
2. Quite a central location,
3. Advance currency for the investments by Euro or US Dollar,
4. Full EU Membership and Schengen Zone

are the leading advantages of Hungary.

Hungary has double taxation treaties with 66 countries.

You can check the list from here.

Source-1

Source-2 

Income tax in Hungary is %15. However, if shareholders live abroad, the dividend tax will be %10. (Also depends on the country of residence. Consult us)

Gurcan Consultancy provides international tax consultancy and optimization services. Please contact us.

There are several steps of incorporation in Hungary. Please get in touch with us.

Our team will inform you about all steps.

Our team will provide you key service for incorporation with all steps as:

1- 30 Min Free Online Meeting

2- Get Offer including official cost, virtual office and also accounting

3- Make contract with us and fill out the form

4- We send documents to get signed back and arrange a video notarization procedure

5- Incorporate Company without paid capital and extra expense in 10 business days and obtain tax number too

6- Apply for bank account

7- Assist Manager of the company to obtain personal tax number and online government gate

8- Start accounting and manage company remotely and start issue invoice

All are in 14 days (Bank Account may take longer it depends mother company)

For more details and arrange 30 Min Free Call Keep in Touch with us

Joint Stock Company (JSC) in Hungary

Joint Stock Company in Hungary is called Zrt. (Private)

Limited Liability Company (LLC) In Hungary, is called KFT

Our team will assist you with all the detailed documents for incorporation. There will be a difference for individual and corporate ownership.

There are several business activities has an obligation to obtain a specific business license as HR, Medical, Finance companies.

Our team provides comprehensive service for business license procedures.

Cost of incorporation varies depending on several factors like a number of shareholders, capital, licenses etc.

Our team provides a transparent service for incorporation in Hungary. Please contact us to know more about the total costs of incorporation in Hungary.

To work in Hungary foreigners need a work permit. However company can work without any employee. The procedure will depend on the origin country. Our team will assist you with the work permit process in Hungary.

Please check our article on Business Immigration in Hungary.

No. Our team will provide all incorporation steps on behalf of you.

After incorporation Gurcan Consultancy will provide accounting services as well. We help our clients to avoid any bureaucratic obstacle to sustain their business.

No. Foreigners can incorporate without a local manager. However, the opening a bank account would be easier with local manager.

Establishing a company does not give the right to residency automatically. There are several ways to obtain a residence permit in Hungary.

Our expert immigration lawyer provides assistance for the residency process in Hungary. Please contact us.

For Company Establishment Hungary, No. 

Our team can incorporate the company with the power of attorney.

However, to open a bank account in Hungary, the company manager should visit Hungary for a day. Our team also completed e-government and personal tax number registration while manager is in Hungary. We will organize all process and complete within a day.