Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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1780.00 EUR | 670.00 EUR | 1 | 9.00% | 500000.00 | Yes |
Registration of a Company in HungaryHungary is a country located in central Europe. It borders Slovakia to the north, Ukraine to the northeast, Austria to the northwest, Romania to the east, Serbia to the south, Croatia to the southwest, and Slovenia to the west. The population of the country is about 10 million, Hungary’s capital and largest city is Budapest. Hungary became a part of the European union in 2004. it is a medium sized open economy in central Europe. Its official language is Hungarian, which is the most widely spoken Uralic language in the world. Forint is the monetary unit of the country. The primary act of law in Hungarian company law is Act 4 of 2006 on Business Associations (Companies Act). The main types of business associations under the Companies Act are identical to those regulated in EU countries. The procedures on founding, implementing changes in data and winding up of Hungarian associations are primarily governed by Act V of 2006 on Public Company Information, Company Registration and Winding-up Proceedings (Company Procedures Act). Advantages of Company Formation in Hungary
Setting up a business in Hungary: TaxesThe corporate tax rate in Hungary is one of the lowest in Europe. It ranges form 10% to 16%. Requirements to Register a Company in HungaryThe requirements needed in registering a company in Hungary include the following:
Registration of a Business in Hungary: Types of CompaniesThe following are the types of business entities that can be registered in Hungary, they include:
Characteristics of a Limited Liability Company (Kft) in Hungary
Characteristics of Joint Stock Company (Rt) in Hungary
Characteristics of General Partnership (Kkt) in Hungary
Characteristics of Limited Partnership (Bt) in Hungary
Process of Hungarian Company IncorporationThe registration process begins with a free consultation and expert assessment from our lawyers, ensuring it complies with the requirements of a new company registration. After which, our specialists collect, prepare the necessary documents and submit the application for company registration. At the end of the registration procedure, the certificate of Incorporation may be delivered to you via courier service or an email provided by the founders of the company. Company registration and incorporation gives operational and transactional rights in Hungary. Hungarian Company Incorporation FAQs
The authority responsible for company incorporation and formation in Hungary is the Hungarian Court of Registry. Law and Trust International works with the authorities closely in the company registration process.
The cost of registering a company in Hungary costs $1990. The total cost of registration includes comprehensive review, company registration, service and certificate.
Registering a company in Hungary takes from a week to four weeks to complete the process as it depends on the business entity
Registering a foreign company or overseas company in Hungary has to conform with the requirements set out by the Hungarian Court of Registry. Contact Law and Trust International to get a professional view on registering a foreign company in Hungary.
Registering a trust company in Hungary is not a feasible option. Contact Law and trust International, our Lawyers will give you detailed reasons on why trust companies aren’t registered in Hungary. Why Incorporate with Law&Trust International?Benefits of business incorporation in Hungary with the Law&Trust International team include:
Ready for Company Incorporation?If you are interested in registering and incorporating a company in Hungary, Law & Trust International can help. Simply send us an email or call now to take your business to the next level! |
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Square | 93 028.00 |
Population | 9 958 450.00 |
Capital | Budapest |
Unemployment | 26.50 |
State polity | Parliamentary democracy |
Telephone code | 36 |
Place in the world in corruption | 54 |
location | Central Europe, northwest of Romania |
Climate | Temperate; cold, cloudy, humid winters; warm summers; avg. maximum temperature (July) +25°; avg. minimum temperature (January) +4° |
Literacy rate | 99.40% |
Ethnic groups | Hungarian 92.3%, Roma 1.9%, other or unknown 5.8% |
National currency | Forint |
USD exchange rate | 220.16 |
GDP per capita | 64 |
Official language | Hungarian |
Credit rating | BBB- |
The judiciary | The Supreme Court, metropolitan and regional courts, local courts. May establish special courts for certain categories of cases. The National Judicial Council (21 members) |
Executive authority | Head of government: Prime Minister, who is elected by the National Assembly on the recommendation of the President. Government: Cabinet appointed by the president on the recommendation of the Prime Minister |
Legislative authorities | unicameral National Assembly (386 seats) |
Opportunity to purchase ready-made companies | No |
Legal system | Civil Law (of German legal origin) |
The use of the Cyrillic alphabet in the name | No |
Local registered office | No |
Organizational and Legal Forms | company limited by shares: public (nyRt) or private (zRt), limited liability company (Kft); limited partnership, general partnership, Branch |
Indication of BPA in the name | Kft |
Local registered agent | No |
Information about the beneficiary is disclosed | 500000 |
The minimum amount of paid-in capital, nat. currency | 500000 |
The minimum amount of the issued capital | 500000 |
Bearer shares | No |
Terms of payment of the issued capital | Before registering |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 9.00% |
Capital gains tax | No |
Currency control | No |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | No |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 1 |
Data is entered in the public register | Yes |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | Yes |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 50 |
Membership in the OECD | Yes |
Is it offshore according to Russian legislation | No |
TM Comprehensive Study | TM Registration Request | TM Registration Certificate | Total | ||||
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First Class | Additional Class | First Class | Additional Class | First Class | Additional Class | First Class | Additional Class |
50.00 | 50.00 | 890.00 | 330.00 | 290.00 | 0.00 | 1230.00 EUR | 380.00 EUR |
«TRADEMARK» refers to «Wordmark» or «Logo» | |||||||
82.00 | 82.00 | 890.00 | 330.00 | 290.00 | 0.00 | 1230.00 EUR | 420.00 EUR |
«TRADEMARK» refers to «Wordmark+ Logo» | |||||||
Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary. В Венгрии Заявка на регистрацию товарного знака покрывает 3 класса; поэтому плата за дополнительный класс применяется к каждому последующему классу после 3. |