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

 

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Hungary  Company Incorporation - Formation of a company in Hungary

Hungary  Company Incorporation

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

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.

 

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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  

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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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New ! Company Registration Worldwide

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 .

Check our international company formation page

CYPRUS COMPANY  - BULGARIA COMPANY - CANADA COMPANY  - PANAMA COMPANY  - URUGUAY COMPANY     AND LOT MORE