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Offices| Aspect | Details |
|---|---|
| Timeline for Company Registration in Hungary | The timeline for online company registration in Hungary is 1 to 2 weeks. |
| Fees for Foreign Business Setup in Hungary | The fee for online company registration in Hungary is 6.13 USD. |
| Corporate Bank Account Requirements in Hungary |
The list of corporate bank account requirements in Hungary is as follows:
|
| Benefits of Foreign Business Setup in Hungary |
The list of benefits of Foreign Business Setup in Hungary is as follows:
|
| Minimum number of shareholders for limited company registration in Hungary | The minimum number of shareholders for limited company registration in Hungary is 3 million HUF |
| Types of Business Structures for Company Registration in Hungary |
The different types of business structures for company registration in Hungary are as follows:
|
| Minimum Capital Requirement for Company Registration in Hungary |
The minimum capital requirement for company registration in Hungary are as follows:
|
| Corporate Tax Rate in Hungary | The corporate tax rate in Hungary is 9 %. |
| Requirements for Company registration in Hungary |
The list of requirements for company registration in Hungary is as follows:
|
| Documents Required for Company Registration in Hungary |
The list of documents required for company registration in Hungary is as follows:
|
| Procedure to Start a Business in Hungary |
The Process to start a business in Hungary is as follows:
|
| Visa Requirements for Foreign Business Setup in Hungary | The third-party nationals must apply for suitable visas when relocating here for business purposes (through visas such as Startup visa, the investor visa, etc.) |
| Institution in charge of company registration in Hungary | The Hungarian Court of Registry is the institution in charge of company registration in Hungary |
| Institution for Tax Registration in Hungary | The institution for tax registration in Hungary is the National Tax and Customs Administration of Hungary (NTCA) |
| Institution in Charge of immigration formalities in Hungary | The Ministry of Interior is the institution, is in charge of immigration formalities in Hungary |
| Tax identification number to start a business in Hungary | Companies registered in Hungary needs to obtain a tax identification number, which is comprised of an 11 digits code. |
| How can we help you with company registration in Hungary? |
We can help you with company registration in Hungary as follows:
|
Experience smooth & hassle-free foreign business setup in Hungary in Hungary with Enterslice and enjoy 100% foreign ownership.
Are you planning to register a company in Hungary? With its business-friendly regulations and strategic location in Europe, Hungary offers a smooth and efficient setup process. The country has one of the lowest corporate tax rates in the EU, making it an attractive destination for businesses looking for tax-efficient solutions. Whether you are a startup or an established enterprise, Hungary provides a stable economic environment and access to a thriving European market.
Additionally, company registration in Hungary safeguards your personal assets by separating them from business liabilities. This ensures financial security while allowing entrepreneurs to focus on growth and expansion. With seamless cross-border trade opportunities and strong government support for foreign investment, Hungary is an ideal choice for businesses seeking long-term success. Let Enterslice ensure trouble-free and timely company registration in Hungary.
100% Foreign Ownership
No Local Director Required
The VAT rate in Hungary is 27%
The Corporate Tax Rate is 9%
Minimum One Shareholder
Minimum One Director
10 + Double Taxation Treaties (DTTs)
0% Withholding Tax
Easy Visa & Residency Options
The types of business structures for online company registration in Hungary are as follows:
A limited liability company or KFT is the most preferred type of business structure in Hungary; here, the company will have a legal personality and bear unlimited liability towards its creditors with its own assets. Additionally, to start this type of company incorporation in Hungary, the minimum capital amount is three million HUF.
A company limited by shares in Hungary can be established as either a private company limited by shares (Minimum share capital- 5 million HUF) (Zártkörűen működő részvénytársaság- Zrt) or a public company limited by shares (Minimum share capital- 20 million HUF) (Nyilvánosan működő részvénytársaság- Nyrt). Shareholders are only required to contribute the value of their shares and have no further liability beyond this.
An unlimited partnership is a business structure formed for joint activities. In this setup, members have unlimited, joint, and several liability for any obligations beyond the company’s assets. Additionally, unlimited partnerships do not have a separate legal personality.
This type of company registration in Hungary has no separate legal identity. It is a joint activity where at least one member (general partner) has unlimited liability for obligations beyond the company’s assets, and on the other hand, at least one member should only be responsible for their agreed equity contribution and generally has no further liability.
It is a non-profit organization with its own legal identity, primarily focused on coordinating the business activities of its members as a secondary function. While it is not directly profit-oriented, members are jointly and fully liable for any debts exceeding the association’s assets.
Foreign business owners can start a branch office in Hungary. It is considered as an extension of the parent company. A Hungarian resident or non-resident representative should be appointed to act on behalf of the branch office. Most importantly, A branch office is a Permanent Establishment (PE) for tax purposes.
Foreign entrepreneurs can make their presence felt by registering a representative office in Hungary. The Representative Office cannot get involved in trading or commercial activities. There is a requirement to have a local address in this form of business structure for company registration in Hungary.
The list of benefits of foreign business setup in Hungary is as follows:
Hungary offers the lowest corporate tax rate in the European Union at just 9%. This tax applies to all enterprises, whether small or large and is paid on earnings.
Unlike traditional company formation, online business registration services in Hungary allow you to complete the process remotely. There’s no need to travel or wait in long queues—simply register your company from the comfort of your home, saving time and effort.
You can manage your business operations remotely using internet services from your home or office. This makes the process faster and more convenient compared to in-person administration.
As a member of the European Union, Hungary has access to funding opportunities and business support services. This provides businesses with entry to a market of over 500 million customers. It is one of the significant benefits of foreign business setup in Hungary.
The Hungarian government offers various incentives and support programs to attract foreign investment and promote business growth. These include tax benefits, grants, and subsidies for setting up businesses in Hungary.
Hungary offers diverse investment opportunities across sectors like manufacturing, IT, healthcare, tourism, and renewable energy. The country also has a strong competitive edge in the automotive sector, with several multinational companies already established.
The procedure for business setup in Hungary is as follows:
Before starting an online company registration in Hungary or a Foreign Business Setup in Hungary, it is important to select the most suitable business structure available in Hungary. This includes Limited Liability Company (Korlátolt felelősségű társaság – Kft.), Public limited company (Nyrt), Branch Office, etc.
The applicant company shall also choose a unique company name that aligns with the Hungarian regulations and accordingly verify its availability through the Hungarian court of Registration’s online services.
At this stage, all required documents must be submitted to the Hungarian Court of Registry. These include the Articles of Association, directors' identity proof, address details, and other necessary paperwork.
The application can be submitted online through the Hungarian Court of Registration's portal or in person at the Court of Registration, and thus, accordingly, a Hungarian Court of Registry will issue a company registration certificate.
Followed by opening a local bank account in Hungary in order to conduct financial transactions, pay taxes and fulfil financial obligations. For this, you may require a company registration certificate, articles of association, identification documents for directors and authorized signatories, and proof of a registered office address.
After obtaining registration to start a business in Hungary, it is important to register with the tax laws and regulations of Hungary for the smooth functioning of the business operations. This includes corporate tax, VAT registration and payroll tax.
The timeline for online company registration in Hungary is mentioned below-
The name reservation for company registration in Hungary takes around 1 to 2 days.
It takes around 3 to 5 days to prepare the documents for business setup in Hungary.
Here, the documents are submitted to the Hungarian Court of Registry in 2 to 4 days.
After review, the Hungary Court of Registry will issue the certificate in 3 to 5 days.
The list of documents required for company registration in Hungary is as follows:
Passport Copies of Directors and Shareholders
KYC Details
Utility Bill
Registered Office Address Proof
Proposed Business Activity
Proof of Paid-up Share Capital
Name Clearance Certificate
AoA & MoA
The list of profitable business setup in Hungary is as follows:
The list of basic requirements to start a business in Hungary is as follows:
The list of legal frameworks for company registration in Hungary is as follows:
Enterslice is one of the world’s renowned business consulting firms. It holds more than a decade of consulting experience for Foreign Business Setup in Hungary. Given below are the reasons why we are the first choice of foreigners for online company registration in Hungary-
There are several reasons to register a company in Hungary, one of the most significant reasons is that it has only 9% of corporate tax as compared to other EU jurisdictions. Another reason is that company registration in Hungary helps in the protection of your personal assets from being used as business assets.
The local Hungary name for limited liability company is Korlatolt Felelossegu Tarsasag (KFT). This is the most preferred form of company registration in Hungary among businesses and entrepreneurs.
Starting an LLC in Hungary offers several benefits. One of the key advantages of company registration in Hungary is its low corporate tax rate of 9%, which is among the lowest in the EU. Additionally, Hungary allows 100% foreign ownership, and the owner’s liability is limited to their capital contribution to the company.
The members meeting in Hungary is the supreme body of the Hungarian Company. It should be held once in a year. The members of the business association need to attend the member's meeting. On the other hand, any person invited as per the legal regulation or memorandum of association can attend but has no voting rights.
Depending upon the type of business structure the timeline for obtaining a company registration in Hungary may defer. Though in general, the process usually takes four to five days.
Depending upon the type of a company you may or may not need to deposit the share capital to the company’s bank account. Such as for a limited liability company (KFT), the minimum share capital that needs to be deposited is HUF 3 million (approx. US$ 10,725) and HUF 5 million (approx. US$17,900) for Zrt (Private company Limited by Shares) and for a Public company limited by shares (“reszvenytarsasa”) the minimum share capital is 20 million HUF (nearly 64,000 EUR).
Yes, you can set up a business in Hungary remotely through a Power of Attorney (POA) without travelling. However, the company director must visit Hungary after registration to open a corporate bank account.
The procedure to register a company in Hungary as a foreign entrepreneur is as follows:
You can set up a bank account in Hungary by presenting a valid passport or Hungarian identity card as proof of identity.
Well, there are some types of industries in Hungary that require a special business permit such as the mining sector, the trading industry, the construction sector, etc.
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