Eternity Law International — News — Company registration in Hungary

Company registration in Hungary

Published:
December 11, 2020

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:

  • any person can act as a shareholder or director, regardless of their citizenship, residency and others;
  • in order to create a company in this state, you do not need to be present on the territory of the country in person. This procedure can be done by proxy (however, the director, nevertheless, will have to come to Hungary in order to open an account there);
  • non-residents who set up a business are given the opportunity to subsequently apply for a residence permit.

In general, the formalities of the registration procedure do not take much time, especially if you resort to the services of real specialists.

Registration process

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:

  1. suggest 3 names for the future company – in the future, they will be checked for plagiarism and compliance with standards;
  2. to certify in a notary office the documents containing the following information: information about owners, shareholders, planned activities, legal address and so on;
  3. pay the registration fee;
  4. make confirmation of the presence of capital, the amount of which would be sufficient to open a company;
  5. create a bank account.

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.

Types of company that can be registered

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:

  • closed organization with limited liability. One person can be entrusted to manage this company, open sale of securities is not allowed. In order to start an activity, you need to contribute ½ capital;
  • unlimited and limited partnerships. Overall, the two options are very similar. The first type involves the distribution of capital between founders who have equal rights. The second form does not establish requirements for the amount of capital and allows the transfer of shares only after the general meeting has made the appropriate decision;
  • JSC with limited liability.

In any of the above cases, there are no requirements for the residency of officials, shareholders or founders.

Package of documents for registration

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:

  • enumeration of areas of activity;
  • the amount of the financial share of each of the founders;
  • for legal entities – an extract from the register of the state where the person is registered, and a power of attorney issued in the name of the representative.

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.

You can order Company registration in Hungary now!

Order now

You could be interested

Hungarian corporate tax in 2022

The state of Hungary has rejected an EU decree that would have required a 15% minimum tax rate on international firms, claiming that the tax would damage Europe’s competitiveness and jeopardise workers. So, now the corporate income tax rate in Hungary remains the same and amounts to 9%. Major firms would be responsible for paying...

Organization and possibilities of electronic money institution

Electronic money institution gives ability to proffer numerous types of financial range services in a wider manner compared to payment establishments operating with paying processing. If EMI got license in one of the EU states, that has a membership in the Union, it opens the way to offer services in rest of the European Union...

Crypto license in El Salvador

El Salvador is a small country in Central America, but it has already managed to attract the attention of many players in the crypto market. The fact is that for more than 4 years, not only the USD but also Bitcoin is considered the official settlement coin here. This is the only state where crypto-currency...

Accident lawyer

Unfortunately, almost every day we face with roads accidents. At the same time, neither a beginner nor an experienced driver is immune from such troubles. To defend their rights (to compensate for the damage or prove that the charges are unfounded), it is necessary to turn to a qualified lawyer – accident lawyer. All lawyers...

Ready-Made Business in Estonia

Establishing business in Estonia gives entrepreneurs opportunities to interact directly with the EU market. Estonia occupies a leading position in the global community in terms of the quality and quantity of evolving technologies for digital management, which are actively used in commercial environments. It’s Estonia founded Digital 5. Ready-made business in Estonia – many variations...

Brokerage licenses and investments

Professional control over the assets of others, the maintenance of their investment accounts and the management of their funds in order to make the most of the available resources, requires a license that gives the right to manage the assets. Moreover, most likely, you will need specialized help in obtaining it. Today, free capital can...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360