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Company Formation and Related Services
Company Formation in Hungary
F.A.Q.
BridgeWest provides company formation in Hungary. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Hungary);
The Articles of Association of the Hungarian company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by Hungarian Law).
> drafting all other documents required for the incorporation of the Hungarian company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Hungary, passport copies etc.
> arranging Public Notary procedures (The procedures for incorporating a company in Hungary have to be done through a Hungarian Public Notary);
> offering a Registered Office in Hungary for your company (if required);
The registered office may be any address where the Hungarian company declares to have its headquarters. The registered office will be public.
> setting up a bank account for your Hungarian company.
This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in Hungary;
Accountancy services are recommended for any new business registration in Hungary.
BridgeWest provides formation of the following types of companies in Hungary:
Korlátolt Felelosségu Társaság – “Kft.”(Limited Liability company) This type of Hungarian company can have one shareholder and one director and must maintain a local address (office) and a minimum share capital of 0,5 million HUF (2.000 EUR).
Részvénytársaság–“Rt.”(Joint Stock company) This type of Hungarian company can have one shareholder, one director and must maintain a local address and a minumum share capital of 5 million HUF (20.000 EUR) .
BridgeWest is also able to offer ready-made Hungarian companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Hungary
The Hungarian Law regulates many types of trading companies, allowing foreign investors to guide themselves by the same rules as national entrepreneurs. As in most countries, the most common form of business is represented by the Hungarian Limited Liability Company, followed by limited and general p ...
There are some consisting advantages in setting up a company in Hungary. Hungary has a stable economy and low taxes. Also a big advantage consists in the short period of time needed to set up a Hungarian company. Preliminary activities before registering Limited liability (LLC) and joint stock comp ...
Registering a company in Hungary is done through the Court of Company Registration, an institution developed and in administration of the Ministry of Justice. It is divided into regional branches, available for anyone who wishes to register a business, or a legal entity, or for information purposes. ...
The state of Hungary offers great incentives for business purposes in many sectors, a fact that influences many entrepreneurs to invest here. There are several forms of business available for foreign investors to operate. Establishing a company may be a profitable activity, as well as establishing a ...
1. What is the minimum share capital of a Hungarian Limited Liability Company? The minimum capital for a Limited Liability Company in Hungary has been recently decreased to 500k HUF. 2. What is the minimum share capital for a Hungarian Joint Stock Company? The Hungarian Joint Stock Company, which i ...
1. What is the corporate tax in Hungary? The Hungarian corporate tax for any type of company is 10% for an income up to 500 million HUF (approximately 2 million EUR). If the income exceeds this amount, the rest of it is submitted to a 19% tax rate. 2. What is the VAT in Hungary? VAT is not fix ...
1. What is the VAT in Hungary? Hungary has a variable VAT rate instead of a standard rate. Goods and services in Hungary are subject to a 25% VAT rate, while the rate for food and accommodation is 18%. VAT is also different for medicines, books and newspapers in Hungary, since the rate is only 5% fo ...
Meet us in Budapest
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Budapest, Hungary. Alternatively you can incorporate your company without traveling to Hungary.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Hungary.