COMPANY FORMATION & REGISTRATION IN HUNGARY
Creating a company has never been so easy
Doing Business in Hungary & in the European Union
Whether you wish to set up a local venture in Hungary or expand your international business in Europe, we are here to advise and assist you in every step of this new journey!
Find out about all the advantages the Hungarian ecosystem has to offer and how straightforward the procedures to incorporate are.
Reach out to us to get even further information on the business environment, labour market, legal and tax regulations and much more.
Why Incorporate in Hungary?
Rapid Incorporation and Immediate VAT No.
Smooth company formation within 2-3 business days with no extra requirements, nor licenses to do business in the EU.
Low Corporate Tax and Starting Capital
At only 9%, it is one of the lowest in Europe. The initial capital is not required to be deposited at all times.
Cost-effective setup and maintenance
Do business all around Europe from Hungary, benefitting from its competitive prices and economical cost of living.
Effortless Visa and Residency options
Enjoy Hungary's central location in Europe and its modern infrastructure. Traveling in the EU has never been so simple.
No Outbound Withholding Tax
No Hungarian withholding tax is levied on dividends, interest, royalties that are paid to a non-resident legal entity.
Availability of European Directives
As a member of the EU, the PEX regime, Interest and Royalties and Parent-Subsidiary directives are available to its tax residents.
Starting-up became easier
Hungarian company formation is one of the fastest in the European Union – from the drafting and signing of the documents, it is a matter of only a few days before you obtain your VAT registration and are allowed to operate, taking advantage of Hungary’s favorable corporate taxes.Â
One of the many advantages of incorporating a company in Hungary is that there is no obligation to deposit the share capital in the bank, and its totality can be used upon incorporation to cover company-related expenses. The amount of the share capital is HUF 3.000.000 (cca €10.000) and all business related services (e.g. accounting, wages, registered office, etc.) can be deducted.
Upon registration, the newly established company will automatically receive an EU VAT number as well as a local tax number. No further application processing is required.
A registered office is the official address of an incorporated company, association or any other legal entity. It is required to receive official correspondence and formal notices from government departments, investors, banks, shareholders and the general public, as well as to determine the applicable corporate and tax laws.
One can legally set up a subsidiary to any foreign company. For the purpose, we will need an official company registration document that contains the parent company’s name, seat address, registration number, and the director(s) name(s) with their respective personal details (date and place of birth, mother’s maiden name, address). Certain of these documents may need to be translated into Hungarian and apostilled or authenticated by a Hungarian Consulate.
