Struggling to give wings to your business dreams in Hungary? Let Enterworld consultants enlighten you on the process of company registration in Hungary. 1000+ global entrepreneurs trust us for business setup in Hungary.
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3 to 5 days
Company Registration
No
Travel Required
100%
Foreign Ownership
No
Local director
SPecial offer
The Hungarian Limited Liability Company (LLC), locally known as Korlátolt Felelősségű Társaság (Kft), is a company structure that is preferred by most entrepreneurs. This company structure requires 1 director and 1 shareholder for incorporation which can also be the same individual. The shareholders of this structure are only liable for the amount of capital they have invested with a low corporate tax of 9%. The minimum capital required for an LLC in Hungary is 3,000,000 Hungarian Forints. The foreign entrepreneurs can have 100% ownership of their limited liability company in Hungary. There are a few mandatory requirements for a limited liability company in Hungary, such as the shareholder must be 18 years of age, an LLC must have a Hungarian corporate bank account for the company’s financial transactions and must file annual financial statements. The Hungarian general partnership with unlimited liability, locally known as Közkereseti Társaság, or Kkt is a company structure with a minimum of two partners. The general partnership in Hungary does not have a minimum capital requirement, and the partners are equally liable for the company’s debts and liabilities. Therefore, the personal assets of the partners can also be at risk in this company structure. It is mandatory for the partners in a general partnership in Hungary to file a Memorandum of Association (MoA) that is signed in front of a notary public that includes the company’s details, business plans and information of the partners and their roles. This company structure is mostly preferred by small businesses that require close collaboration and have a minimum budget for initial business investment. The Hungarian Limited Liability Partnership (LLP), locally known as Betéti Társaság or Bt is a company structure that requires a minimum of two partners where one is a general partner with unlimited liability and the other partner has limited liabilities which is limited to the capital he or she has invested. The general partner is the one who manages the business, while the limited partner will only invest in the business. The limited liability partnership in Hungary does not require a minimum capital, is regulated by the written agreement of the partners and must register its company with the court of registration. The profits from the company are either equally divided, depending on their capital investment, or the partners can have their own agreement on dividing the profits. The Public Limited Company (PLC) in Hungary, locally known as Nyilvánosan működő részvénytársaság or Nyrt, is a company structure for company formation in Hungary that is mostly preferred by larger companies that have multiple investors in the company. A public limited company has regulations that must be strictly followed, is allowed to list its shares in the stock exchange and raise capital from the public investors. This company structure in Hungary has two types of companies, Private Limited Company, locally known as Zártkörűen működő részvénytársaság or Zrt and Public Limited Company, locally known as Nyilvánosan működő részvénytársaság or Nyrt. The recommended bank account for this company structure is UniCredit Bank with a minimum capital of HUF 20,000,000. The liability of the shareholders in a public limited company is dependent on the amount of capital invested by the shareholder. A Hungarian representative office locally known as Kereskedelmi képviselet or Ki is a company structure for foreign entrepreneurs that is looking to expand to Hungary merely for the purpose of research, marketing and promotion of products and services of the parent company and is not allowed to generate profits. This company structure is entirely managed and operated by the parent company and the liabilities are also on the parent company. The representative office is also used for networking with other businesses in the country and to attend business events. Company registration in Hungary as a representative office is a simplified process that can be completed within 3 to 5 days. There is no minimum capital requirement for a representative office and an individual must be appointed in Hungary to oversee the office operations. Company registration in Hungary as a branch office is for foreign entrepreneurs who wish to expand their business operations to Hungary and generate profits. This company structure is registered with the Hungarian Companies Register, but the management and business operations are overseen by the parent company. There is no minimum capital requirement for a branch office, but you will be required to pay a standard corporate tax of 9%. As a foreign entrepreneur, you can have 100% foreign ownership of your branch office, which gives you the freedom for company operations and decision-making without the need for a local partner. The branch office is a preferred company structure for foreign investors as it allows you to have complete control and offers easy access to the European markets. Company incorporation in Hungary offers various benefits to both regional and international investors such as 100% foreign ownership, strategic location and simplified company registration which makes company registration in Hungary a top choice for entrepreneurs. The key reasons that drive entrepreneurs for business setup in Hungary include: Hungary is known for the lowest corporate tax in the entire Europe which is a standard tax of 9% whether you are a small business or a large enterprise. This allows the businesses registered in Hungary to increase their profits and reinvest more funds to the business. Hungary is a member of the European Union which makes it easy for the businesses registered in Hungary to access the wider EU markets of over 500 million customers. This membership also allows free capital and trade of businesses within EU. The government of Hungary offers its entrepreneurs both established and startups a strong support through incentives, funding, grants and support programs. This creates a business-friendly environment for businesses and encourage foreign direct investment (FDI). Hungary is a thriving country for businesses, and the country offers multiple opportunities with benefits customized for each business activity. The key benefits of online company registration in Hungary are: +1k Customers Company registration in Hungary offers entrepreneurs a simplified and quick process, as online company registration in Hungary is possible. This feature also makes it easy for foreign entrepreneurs to register without being physically present. The corporate tax of Hungary is known to be the lowest in the entire Europe, which is a standard tax of 9%. This tax rate makes it attractive for businesses to start their business in the country and also encourages reinvestment and long-term growth. Hungary also has double taxation treaties with over 80 major countries, such as Russia, Japan, the United States of America, the United Kingdom, Canada, Mexico, Singapore, Saudi Arabia, etc. The treaty offers free trade between the signatory countries. Company registration in Hungary will offer you a skilled and educated workforce, which benefits the industries that require high expertise and knowledge, such as IT, manufacturing, the medical and pharmaceutical industry and the financial sector. The government of Hungary offers excellent support to the new startups and entrepreneurs by providing a platform for research and development, innovation, and supporting with funding incentives, grants and subsidies. When you start a business in Hungary, the country acts as a gateway to the larger European Union market with a population of over 500 million customers. It creates an attractive opportunity for entrepreneurs looking to enter the EU market. Hungary offers its global entrepreneurs 100% foreign ownership, which benefits them as international investors can take complete control of their business activities and company operations and have the freedom to make decisions. It is one of the key benefits of online company registration in Hungary. Hungary offers various investment opportunities for businesses established in the country. There are investment opportunities for industries such as healthcare, IT and communications, tourism, manufacturing, and renewable energy.
Supporting Dreams of Entrepreneurs
Business Entities in Hungary
The Limited Liability Company (Kft)
The General Partnership with Unlimited Liability (Kkt)
Limited Liability Partnership (Bt)
Public Limited Company (PLC or Nyrt.)
Representative Office (Ki)
The Hungarian Branch Office (Fa)
Company Registration in Hungary
Why Entrepreneurs Prefer Business Setup in Hungary?
Lowest Corporate Tax in Europe
EU Membership
Strong Government Support
Hungary Company Registration Benefits
Benefits of Online Company Registration in Hungary
Simplified Company Registration
Tax Benefits
Double Taxation Treaty
Skilled Workforce
Government Support
Easy Access to the EU Market
100% Foreign Ownership
Investment Opportunities
Documents Required
Documents Required for Company Formation in Hungary
The legal structures available for company registration in Hungary are as follows: Yes, you can start a business as a foreigner in Hungary. The country offers its international entrepreneurs 100% foreign ownership and legal company structures, such as a representative office and a branch office, which are an extension of the parent company. The documents required for company registration in Hungary are: The process of company registration in Hungary is: The Hungary corporate formation services offered by Enterworld are: The country offers one of the lowest corporate taxes in Europe, with a standard tax of 9%, which makes Hungary a tax-friendly country. The legal requirements for companies in Hungary are: Yes, Enterworld does offer business visa assistance in Hungary. Our expert professional guides you through the entire process of company registration in Hungary including the process to apply for the business visa in Hungary. Enterworld have professionals that handles all your paperwork, ensuring a smooth business visa process for you. The procedure for a foreign business setup in Hungary is similar to that of a local business, except that foreign businesses require applying for the business visa and the residency permit. The other steps include: For company registration in Hungary, the time depends on the business activity and the company structure you choose; it can take between 2 and 15 days. The time can also vary depending on whether the company is local or international.
Flourishing Sectors in Hungary
Business Ideas for Company Formation in Hungary
Automotive
Pharmaceutical and medical technology
IT and communication industry
Electronics
Food Processing
Agriculture
Hospitality and tourism
Manufacturing industry
Construction
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