Hungary Company Incorporation

The cost of incorporating a company in Hungary, with standard share capital and standard Memorandum and Articles of Association is Usd 2000. The company formation procedure normally takes 4 weeks.

The company will be incorporated using your chosen name and we ensure that the procedure is as simple for our clients as possible. The whole incorporation process can be arranged online and we will administer the preparation and filing of all registration forms on your behalf. Upon receipt of the filing confirmation from the Companies Registry, we will email you with the incorporation details and then forward the premium binder containing all the official certificates and documentation.

VAT in Europe

Rules about VAT in Europe. General guidelines

Not all European companies are registered or are required to levy VAT on their products and services


Hungary Company Registration Basic Package

2000 Usd .

Hungary Company Incorporation - Fees

Company FormationPrice

Hungary - KFT Company Incorporation - 2 weeks

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Companies Registry
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier
  • Notorised Specimen Signature Card of Director
  • Application for Certificate of Paid Up Capital
  • Application for Registration, Tax and Statistical Number
  • Publication in the Official Journal
Usd. 2000
Additional Services
Company Administration & Registered OfficeUsd .900
Provision of Resident Director (1st year)Usd. 1400

Hungary Company Incorporation - Formation of a company in Hungary

Hungary Company Incorporation

Incorporation Hungarian Company type is a KFT (Korlátolt Felelősségű Társaság).

The procedure to set up a KFT consists in the following:

Creates company deed and prepare other legal documents.

  • Pay at least 50% of subscription amount (at least HUF 250,000) into the bank account designated at the time of subscription.
  • Apply for registration at the Registration Court
  • Register for social security, National Income Tax, Regional Income Tax
  • Register the company with The Central Office of Statistics and The Institute of National Insurance
  • Legalise the initial accounting books.

Key Points of a Hungarian KFT Company Incorporation in Hungary

  • Basic Corporation Tax is one of the lowest in Europe. On income of less than HUF 500 million, corporation
  • tax begins at 10%, income over this figure is taxed at 19%.
  • Advanced Tax Rulings are available if you use a Hungarian company in an international structure.
  • KFTs are formed with a European VAT number.
  • There is a fairly high cost of running a company in Hungary.

Share Capital in a Hungarian Company Company Incorporation in Hungary

The Hungarian company (KFT) requires the following:

The minimum share capital must be more than HUF 500,000. At least HUF 250.000 or 50% (whichever
figure is higher) of the total share capital must be paid up in cash.

  • A KFT may not raise capital from the public.
  • A KFT with only one shareholder or with a registered share capital of more than HUF 50 million must submit
    audited accounts.

How to start a Hungarian limited company. Incorporation or formation of a company in Hungary.

Directors Company Incorporation in Hungary

In Hungary, the norms regarding directors are the following

Foreigners can be directors.

  • If the director has no registered domicile in Hungary, he may authorize a Hungarian agent, although it is not necessary.

Shareholders Company Incorporation in Hungary

  • Shareholders have limited liability.
  • Where there are multiple shareholders each shareholder must contribute a minimum of HUF 100,000 in
    share capital.

Company Incorporation in Hungary formation of a company in Hungary

VAT in Europe

Rules about VAT in Europe. General guidelines

Not all European companies are registered or are required to levy VAT on their products and services

There are three important rules:

For the import and sale of products, if there is a certain amount of turnover in any one European country, you may be required to register for VAT in that country.

  • For the sale of services, VAT is charged in the country for which a service is provided. For example: In the case of property-related services, you need to look at the VAT rules in the place where the property is located. In the case of professional services, depends on where the professionals are providing the service in question.
  • For distance sales, for example sales by internet, you need to register in any European country where turnover exceeds a certain amount, agreed by law initially.

Is it necessary to declare? Company Incorporation in Hungary

The company that offer the services has some flexibility to decide whether to declare or not. If you have benefits in excess of the limits within which it must be stated, technically may be required to collect VAT on manufactured goods with retroactive effect.

Is it necessary to state whether the company you use has been established outside the EU?

Usually you need to register the foreign company somewhere in Europe if you want to do significant business in Europe. It is inevitable if:

  • It has significant sales in a country
  • It has employees in any country

The prices depend on where the company is located and what you wish to do with the company. Prices depend on the amount of work done and the necessary skill set.

Detailed fees for incorporation Contact Us

A typical price for a legalization is € 250.

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Worldwide Company Formation services -Company registration around the world - International Company Services


Incorporate a company in over 65 countries

Opening a company in a foreign country is not so difficult as it seems to be at the first sight because the foreign investors can count on our local specialists in company formation who will handle the entire procedure of company incorporation.

They will help the foreign entrepreneurs choose the right type of company for their business and they will provide useful information about the documents required by the authorities, the legislation in the country chosen for opening the firm and licenses and permits the investors may need for running certain activities.

Our lawyers and specialists in company formation have been working in the field of company incorporation for more than 12 years and they know all the procedures and legal steps to be followed in order to obtain the best results in a short time.

After a foreign businessman delivers all the documents required for opening a company, our lawyers and local specialists will submit them to the local authorities and the incorporation will take only a few days.

The foreign investors don’t have to go in person to the country where they want to open a business because our representatives will take care of all it is needed for incorporation.

For any other legal services, the foreign businessmen can count on us because we provide a wide range of services, from company formation and liquidation, to mergers and acquisitions, opening subsidiaries/braches, corporate and commercial litigation, tax advice and planning etc.

Our lawyers from abroad can represent the entrepreneurs in front of local courts, if they are involved in a trial related to business issues.

Besides these, the local attorneys provide legal advice and consultation for concluding


transactions and

other business operations, such as

import-export activities,

buying a company or

buying a property etc.

Foreign entrepreneurs can give the power of attorney to our lawyers and specialists in company formation in order to represent them in front of business partners, authorities or any other person for business purposes.

Each business is different. This is why we are here to help you, so you won't have to worry about any legal issues, while you are fully focused on your entrepreneurial strategy and ideas.

Through our law office, we have a team of experienced lawyers , ready to help you open the business you''ve always wanted to start anywhere in the world - we operate in over 65 countries!



More than a law firm, to become an essential support to any and all foreigners that wish to take advantage of the legal, economic and fiscal advantages that Panama has to offer; by providing integral legal advice and a business plan to aid in reaching your goals and objectives, always working within the legal frame work and respecting the norms and best practices on a national and international level.

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