FAQs About Company Establishment Hungary
Company Establishment Hungary
Frequently Asked Questions
about
Company Establishment Hungary
Why Register a Company in Hungary?
Company Establishment Hungary
Here are 5 good reasons to form your company in Hungary:
- It is a gate to the European Union,
- It has a stable economy and good infrastructure,
- It has low taxes, (Lowest in the EU, %9)
- The low costs of company registration and
- The friendly business culture.
For further information, please consult our article at Company Setup in Hungary
What is the currency 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).
What is the most common company type in Hungary?
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.
What is the minimum capital needed to establish a company 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.
How many steps are there to form a company in Hungary?
KFT formation process consists of 6 steps in total:
- Hire a lawyer who will represent the company; create the company deed and prepare any other necessary legal document
- Open a bank account and deposit the capital
- Apply for registration at the Registration Court
- Register with the National Office for Health Insurance
- Registration for Municipal Business Tax
- Register with the Hungarian Chamber of Commerce and Industry
Our team provides full service for all incorporation process in Hungary.
How many days does the formation process takes?
The process of Company formation in Hungary takes 7 business days. (for KFT-LLC)
How much money does the formation process costs?
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.
Is it necessary to hire a lawyer for the company formation process?
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
What are the tax rates in Hungary?
In Hungary, the corporate income tax is 9% and the value-added tax is 27%.
To provide detailed information about tax rates in Hungary, please consult our article at:
What are the main industries in Hungary?
The main industries in Hungary are;
- Banking,
- Agriculture,
- Heavy Industry,
- Construction and
- Tourism.
How Do I Register a Company in Hungary?
Company formation in Hungary can be carried out by power of attorney by our lawyers remotely.
Tax Registration for Companies in Hungary
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.
What Are Reasons to invest in Hungary?
- Lowest corporate tax in Europe,
- Quite a central location,
- Advance currency for the investments by Euro or US Dollar,
- Full EU Membership and Schengen Zone
are the leading advantages of Hungary.
Hungary Income Tax for Foreigners
Income tax in Hungary is %15. However, if shareholders live abroad, the dividend tax will be %10.
Gurcan Consultancy provides international tax consultancy and optimization services. Please contact us.
The Company Incorporation Procedure in Hungary
There are several steps of incorporation in Hungary. Please get in touch with us.
Our team will inform you about all steps.
Types of Companies in Hungary?
Joint Stock Company (JSC) in Hungary
Joint Stock Company in Hungary is called Zrt. (Private)
Limited Liability Company (LLC) In Hungary, is called KFT
Documents Needed for Company Formation in Hungary?
Our team will assist you with all the detailed documents for incorporation. There will be a difference for individual and corporate ownership.
Applying for Business Licenses in Hungary
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.
How Much Does It Cost to Start a Business in Hungary?
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.
Hungary Work Permit Visa
To work in Hungary foreigners need a work permit. 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.
Do I Need to Reside in Hungary to Have a Company?
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.
Do I need a local manager in Hungary to incorporate?
No. Foreigners can incorporate without a local manager. However, the opening a bank account would be easier with local manager.
Residence Permit in Hungary
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.
Do I need to come to Hungary for incorporation?
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.
Contact Us
Company Establishment Hungary
We endeavor to respond within 24 hours to your e-mails.
Please get in touch with us via e-mail.
@: info@gurcanpartners.com
Gurcan Partners Hungary Office
Address:
Budapest, Westend Business Centre, 7th Floor, Váci út 22-24, 1132
Phone:
P: +36 1 808 9449 (English)
W: https://gurcanpartners.com/
Schedule Your Online Meeting
or Fill the Form
[contact-form-7 404 "Not Found"]
Our Articles About Hungary
By GURCAN PARTNERS | 0 commentIn this article, our colleagues Att. Dr. Kata Hidegard Nagy and Zülal San will mention debt collection in Hungary with all required steps and processes.
- By GURCAN PARTNERS | 1 comment
In this article We will mention Company Formation in Europe.Which EU country is the best option?What is best for tax and low cost?Advantages of EU Companies
- By GURCAN PARTNERS | 0 comment
In this article, our colleague from Gurcan Budapest Office, Ms. Cheng Yoke Leng will mention Business Immigration in Hungary with all required steps and process.
- By GURCAN PARTNERS | 0 comment
In this article, we will mention why you should Start Your Business in Hungary and Company Setup in Hungary with the advantages and opportunities.
- By GURCAN PARTNERS | 0 comment
In this article, we will mention Company Formation in Hungary and other details as a company forms and its responsibilities in Hungary.
- By GURCAN PARTNERS | 0 comment
In this article, we will mention Company Registration in Hungary and other details as an opening bank account in Hungary.
- By GURCAN PARTNERS | 0 comment
In this article, we will mention company taxation in Hungary and social security expenses regulations.
