Company formation in HungaryCompany formation in 24-48 hours (Limited Liability Company)
9% corporate tax
The lowest corporate tax rate in the EU.
Incorporation in 1-2 days
Remote company formation without traveling.
EU VAT number
Immediate EU VAT number registration.
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BASIC Pack
1.499 EUR
1.499 EUR
INCLUDES:
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All government fees
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Company registration number
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Statistical number
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EU VAT number and local TAX number
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Contains the legal fees and duties and the appointment of one manager, owner as well, and doesn't contains the translation fees.
STANDARD Pack
1.990 EUR
1.990 EUR
INCLUDES:
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All BASIC services
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Remote company formation
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Registered office for 1 year
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Personal tax number
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English and Hungarian documentation
BUSINESS Pack
2.490 EUR
2.490 EUR
INCLUDES:
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All STANDARD services
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Accountancy introduction
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Client gate registration
assistance
PREMIUM Pack
2.990 EUR
2.990 EUR
INCLUDES:
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All BUSINESS services
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Agent service
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Complete mail forwarding for one year (and if necessary making English summary with instructions if you need to take any action)
STANDARD Package: 899 EUR
INCLUDES:
- Company formation (registration fees included)
- EU VAT number and local VAT number
- Chamber of commerce registration (first year fee included)
- Personal tax number and social security number
- Bank account opening
BUSINESS Package: 1.990 EUR
INCLUDES:
- All STANDARD services
- Client gate registration
- Registered office for one year
- English and Hungarian documentation
PREMIUM PACKAGE: 2.990 EUR
INCLUDES:
- All BUSINESS services
- Complete mail forwarding for one year (and if necessary making English summary with instructions if you need to take any action)
VIP PACKAGE: 3.990 EUR
INCLUDES:
- All BUSINESS services
- Complete mail forwarding for one year (and if necessary making English summary with instructions if you need to take any action)
Quick and cost-effective company formation in Hungary
Did you know? The company formation Hungary is a quick and simple process that can also be completed remotely.
The company formation in Hungary offers numerous benefits for entrepreneurs, including access to the European market, a skilled workforce, favorable tax rates, and a supportive business environment. By following the necessary steps and complying with local regulations, entrepreneurs can establish a successful business in Hungary and take advantage of the many opportunities available in the country. Whether you are looking to expand your business or start a new venture, Hungary offers a welcoming and favorable environment for company formation.
COMPANY FORMATION HUNGARY IN 1-2 DAYS
The company formation in Hungary can be done remotely without any traveling, this means you can sign all documents in your home, front of your coputer without travelling to Hungary. For this you will only need your passport, home address and tax number. The Hungarian company formation takes only 1-2 days from the signing of the documents, so the company formation Hungary is a very fast process and immediately you will get the EU VAT number as well. And right after the incorporation we will connect you with the accountancy, so this means you can start to work with your company within a few days.
Hungarian company formation and bank account
Did you know? In Hungary the company formation and bank account opening can be done at a different time.
We can help guide you through every step of establishing your company in Hungary. From choosing the right business structure to assisting with the necessary paperwork, we are committed to ensuring that your company formation process is smooth and successful. Our personalized approach to company formation in Hungary allows us to tailor our services to meet your specific needs and goals for your business in Hungary. We pride ourselves on providing excellent customer service and communication throughout the entire company formation process to keep you informed and confident in your decision to do business in Hungary. Our commitment to excellence and attention to detail sets us apart as a trusted partner for companies looking to establish a presence in Hungary.
COMPANY FORMATION AND BANK ACCOUNT IN HUNGARY
In Hungary the company formation and the bank account opening can be done in different times. This means, you can not open the bank account before or during the Hungarian company formation process, as first you will have to wait the end of the registration process. According to this the bank account opening in Hungary can be done only after the company incorporation in Hungary. And it is also important that due to the EU regulations the bank account has to be opened personally.
Benefits of Company Formation in Hungary
Did you know? Hungary is the best place for setting up your European company.
Forming a Kft. in Hungary presents a viable option for entrepreneurs seeking to limit their personal liability while enjoying operational flexibility. Establishing a Kft. not only offers limited liability protection but also opens the door to numerous business opportunities within Hungary and beyond. Whether you are looking to establish a small startup or expand your existing business to Hungary, our team is here to support you every step of the way.
Company Formation within 1-2 days
Quick and easy: Our company formation Hungary service is quick and easy and the incorporation takes the maximum of 1-2-3 days. Comparing to other European countries the incorporation is a very fast and smooth process as you don’t have to wait weeks or months for the incorporation.
Immediate EU VAT number
No waiting: Need to start the business right after the incorporation? We have good news for you, that the company gets the Hungarian tax number and the EU VAT number rigth after the registration, so you don’t have to wait days or weeks to start the operation because of the lack of the VAT number.
Low corporate income tax (only 9%)
Low taxes: When forming a new company one of the most important thing is the low taxes. Accordign to this one of the main benefits of the company formation in Hungary is the low corporate income tax, which is a mere 9% in Hungary, and it is the lowest tax rate in the EU.
Low starting capital, no obligation to deposit
No obligation to deposit: The minimum share capital is around 7.500 EUR, but it is good to know that you don’t have to keep this amount as a deposit on the bank account of the hungarian company, and the 100% of the starting capital can be spent during the operation.
Central location in the European Union
Perfect location: Hungary is located in the center of the European Union, and due to this Hungary is strongly connected to the neigbouring countries and to the Austrian and German markets.
Different type of company forms
Different type of company forms: There are several types of legal entities that can be formed in Hungary, including limited liability companies, branches of foreign companies, and joint-stock companies. Each type of entity has its own advantages and disadvantages, so it is important to carefully consider which one is best suited to your specific needs.
Business friendly environment
Setting up a company in Hungary: allows access to the EU’s single market, enabling businesses to expand their operations and reach a larger customer base. With its stable economy, favorable business climate, and supportive government policies, Hungary is an increasingly popular choice for investors seeking to establish a presence in Europe.
WE SUPPORT YOUR SUCCESS
We provide all support you need. Already our STANDARD package includes the preparation of the registration documentation and all statutory fees with the local and EU VAT number registration. The process of company formation in Hungary can be complex, which is why it is important to seek professional assistance. Our team of experts at Business Immigration Hungary can guide you through the process, ensuring a smooth and efficient company setup.
Frequently asked questions
Find answers: See the most common topics.
Contact us today to learn more about our company formation services and how we can help you achieve your business goals in Hungary. Our team of experts is dedicated to providing a seamless and efficient process for you.
What are the most common company types in Hungary?
The company formation in Hungary requires careful consideration of the legal structure that best aligns with your entrepreneurial goals. Each company type offers distinct features and advantages, so it’s vital to evaluate them against your specific needs. Consulting with legal and financial advisors familiar with Hungarian business law can provide valuable insights and help ensure compliance with local regulations. By choosing the right company type, you can set a solid foundation for your business’s success in Hungary.
How fast is the company formation process in Hungary?
The Hungarian company formation is a very fast process, because it takes only 1-2 days from the signing of the documents, and can be done also remotely without any travelling. Moreover, you will get an EU VAT number immediately so you can start working and enjoy the 9% company income tax in 24-48 hours.
What is the corporate tax rate in Hungary?
The corporate tax rate in Hungary is only 9%. Furthermore the 9% corporate tax rate is a flat rate, which means no matter how much turnover the company has, the corporate tax rate is only 9%. The 2nd lowest corporate tax you can find in Bulgaria in the European Union, but Hungary has a better geographical location as it is situated in the center of the European Union and also has much stronger economical connection with the German economy.
Is it true that the corporate tax is the lowest in Hungary in the EU?
Yes, the corporate tax rate is currently the lowest in Hungary within the European Union.
Can I chose from more company types?
There are several types of business entities that you can choose from when setting up a company in Hungary, including limited liability company, branch office, and representative office. Each type has its own advantages and requirements, so it is important to choose the right structure based on your business goals.
When will my company get the EU VAT number?
You don’t have to wait for the EU VAT number registration, as you will get your local and EU VAT number immediately after signing the registration documents.
Can I set up my company remotely without travelling to Hungary?
Yes, you can set up the company without travelling to Hungary. As the company formation in Hungary can be done also remotely in 24-48 hours. For this you will need a working camera and microphone, and your passport, proof of home address and tax number and you can sign the documents during an online meeting. However, later you have to come to Budapest at least once to open a bank account for your company.
Is there a minimum share capital requirement in Hungary?
There is a minimum share capital requirement as the minimum amount of the initial share capital in Hungary is 3.000.000 HUF (~ 7.500 EUR) for a Kft. The minimum share capital requirement of HUF 3 million serves as a foundational element in establishing the business, fostering credibility and financial stability.
Is it true that the starting capital does not need to be deposited?
It is a great advantage that there is no obligation to deposit the starting capital, and 100% of the starting capital can be spent right after the incorporation. So this means the starting capital can be spent immediately after the incorporation on goods, or services.
Why do I need a client gate in Hungary?
The client gate (“Ügyfélkapu”) registration is very important, as this will be the access point to the electronic administration in Hungary, and it will be essential for the accountancy of the new company.
Can I establish a Hungarian company as a foreign company?
Yes, you can set up a Hungarian company as a legal entity (as a foreign company), and in this case the foreign company will be the owner of the new Hungarian company.
If I set up a company in Hungary, can I easily make business between the EU countries?"
Yes, with a Hungarian company you can start immediately and easily to operate VAT free within the European Union.
Is there a minimum staff requirement in Hungary?
There is no minimum staff requirement, but we suggest at least one manager, who will be the employee of the new company. Also it is important, the managers of the Hungarian company can get a 2nd European passport and travel freely in Hungary and Europe.
Is there a minimum salary requirement for the employees?
The minimum gross salary requirement in 2020 for qualified employees is 210.600 HUF/month (~577 EUR/month), and for non-qualified employees is 161.000 HUF/month (441 EUR/month).
Do I have to pay local business tax in Hungary?
The rate of the local business tax depends on the location of your company and can vary from 0% to 2% depending on the location (payable only on profits).
What are the tax liabilities for an Ltd. (Kft.) in Hungary?
The tax liabilities for a Hungarian Kft. are: VAT payment (if applicable, as you can sell your services VAT free within the EU), Chamber of commerce registration fee (first year fee included in the packages), Local business tax (from 0% to 2% depending on the location).
What kind of services can you provide after setting up the Hungarian company?
The success of the registered companies is very important to us, so we are constantly available even after the company formation, and can help in many other fields as accountancy, taxation, and recruitment.
Can you help us in marketing?
Due to our strong network we can help in marketing and even in many other fields (real estate, IT, etc.), so we don’t leave the company alone even later.
BUSINESS Immigration.hu
Your business immigration expert. Company formation, and EU residence permit services.
Expand your business in Europe, or become an EU resident now:
Contact us:
Office: Budapest, H-1095, Nadasdy street 15/A
Tel: +36-30-612-0821
Email: help@businessimmigration.hu
Web: www.businessimmigration.hu