In terms of favorable conditions for doing business, Hungary is a very convenient state, which in every possible way encourages foreign and local entrepreneurs to work on its territory. Investors who invest in the development of the Hungarian economic sphere can enjoy various tax incentives. Moreover, it is the system of preferential tax collections in Hungary that is one of the most attractive among those offered by the countries of Western Europe.
Business owners receive a European TIN automatically, without providing any documents other than those that are directly required for registering a company. There is no need to deposit initial capital. Opening a company in Hungarian jurisdiction is beneficial for several reasons:
In general, the formalities of the registration procedure do not take much time, especially if you resort to the services of real specialists.
Opening a Hungarian company involves several stages. Depending on which form was chosen for the organization, the founders of the company or the persons who act as their representatives must:
After that, the company is listed in the Trade Register, respectively, the owner will receive a tax number and a social security package. The documentation can be written in English or Hungarian. Every year it will be necessary to provide reports on the financial side of the company’s activity and pay tax fees.
Hungary offers several forms of business registration for an entrepreneur, which differ from each other in terms of the minimum amount of capital, the level of responsibility of all members of the company and other criteria. The most commonly selected options are:
In any of the above cases, there are no requirements for the residency of officials, shareholders or founders.
Representatives of the top management of the company and its founders must provide a package of personal documents, including a foreign and general passport, and utility bills to confirm their place of residence. In addition, it is advisable to add the European insurance number to this list. In the information submitted for registration, the mother’s maiden name is indicated.
Business data must contain the following:
Based on the documents received, the attorney prepares the company’s charter, the founding agreement, a statement regarding the opening of the organization and the appointment of the appointed management to the relevant position.
If you need to register a company in Hungary, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Hungary. Write to us in the CRM form and we will help you register a company.
Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.
We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.
If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.