Company registration in Hungary

Registration fee is from 6000 €

Registration period — 2 weeks

Minimum authorized capital - 3 000 000 HUF

Remote opening — yes

Financial statements — yes

Hungary is a state in Central Europe, a member of the United Nations since 1955, a NATO member since 1999, and an EU member since 2004. The capital is Budapest. 

Maira Consult recommends using a company registered in Hungary to carry out export and import activities in the EU countries, for logistics or transport services, as well as for activity with intellectual property. 

Registering an IT company in Hungary is a very profitable solution, as Hungary has a preferential tax regime called IP-Box, which allows IT companies to reduce tax on profits from intellectual property by 50%.

The process of company registration in Hungary. Today, the registration of a KFT company in Hungary is fully electronic. 

A company in Hungary is a tax resident of Hungary upon registration and regardless of the place of management. 

How to register a company in Hungary is known by our specialists, who provide highly qualified service and will advise you on all issues. 

Hungary advantages

1

The lowest income tax in the EU - 9%

2

One of the TOP 10 countries for investments

3

Dividend tax for non-residents is 0%

4

Special tax regime for IT companies

5

Benefits for transactions with intellectual property

General Information

Registration Features

The main requirement for a Hungarian company is to have a corporate account with a local bank.

Company Name

The name of the company must end with a word, phrase or abbreviation that indicates the form of the company.

Authorized Capital

The minimum share capital of KFT is HUF 3,000,000 (approximately EUR 7,800).

Director

At least one individual, no residency requirements.

Shareholders

At least one individual or legal entity, no residency requirements.

Financial Reporting

KFT companies are required to keep accounting records and submit an balance sheet annually. An audit is required if the KFT company has 1. Turnover in the last 2 years of HUF 300,000,000. 2. The number of employees is more than 50.

Taxation

The corporate tax rate for KFT companies is 9%. Municipal tax is 2% (depending on the city of registration). Standard VAT rate is 27%.

Confidentiality

The state register is open. Information about the director, shareholder, beneficiary, and the amount of the company's authorized capital is publicly available.

Stages of company registration

01

Choosing the name and form of the company

The most convenient form for doing business in Hungary is a limited liability company (KFT). To register a company in Hungary, you need to make a request to the company register to verify the name. Once the name is confirmed, corporate documents are prepared.

02

Preparation and collection of documents

Each member of the company needs to provide a passport and proof of residence (utility bill).

03

Identification of company participants

Before a Hungarian company is registered, a shareholders' meeting is held in the presence of a notary and statutory documents are signed. Then account for KFT is opened in a Hungarian bank and the amount of the share capital is deposited. After the bank confirms that the amount of the share capital has been credited, the documents for the registration of the KFT company are submitted to the registry.

04

Formation of the share capital (if necessary)

The share capital must be paid before registration.

05

Company registration

The process of company registration in Hungary takes 1 - 2 weeks from the date of receipt of the required set of documents and depending on the workload of the registry.

06

Receiving of corporate documents

As soon as a company in Hungary is registered, the registry issues ready-made corporate documents with the appropriate stamps.

07

Legalization of documents (if necessary)

If necessary, the documents of the Hungarian company are submitted for legalisation and apostille.

08

Delivery of corporate documents

Originals of corporate documents of a Hungarian company are sent by courier service.

Answers to the Most Common Questions:


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