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enfold_admin2025-03-29 18:10:582025-03-29 18:10:58Buy a ready made company in Hungary? Cost of buying a ready made company in HungaryHow to register a company in Hungary: Costs, key documents and procedures
Hungary is an attractive destination for entrepreneurs due to its strategic location in Europe, business-friendly policies, and relatively low corporate tax rates. Whether you are a local or a foreign investor, understanding the process of company registration in Hungary is crucial for a smooth business setup.
To register a company in Hungary, you must prepare the necessary documentation and comply with legal requirements. The primary steps include:
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Choosing a company structure: The most common form is a limited liability company (Kft.), but other options include sole proprietorships, partnerships, and joint-stock companies.
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Drafting the articles of association: This document must be signed by all founding members and notarized.
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Registering with the Court of Registration: Company documents must be submitted electronically to the Hungarian Court of Registration.
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Obtaining a tax number: Every new business must register with the Hungarian Tax Authority for VAT and corporate tax purposes.
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Opening a bank account in Hungary: A corporate bank account is required for financial transactions.
How long does it take to register a company in Hungary?
The Hungary company registration process is relatively fast compared to other European countries. On average, the entire procedure takes between ~1 to 5 business days. Electronic submissions allow for quicker processing, while more complex structures or additional licensing requirements may extend the timeline.
The timeline of opening a company in Hungary generally includes:
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1-2 days for preparing documents
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1 day for personal or online signing
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1-5 days for company incorporation in Hungary and court registration approval
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1-2 days for client gate registration in Hungary and bank account opening in Hungary
Registering a company in Hungary as a foreigner: What you need to know
For international entrepreneurs, foreign company registration in Hungary follows nearly the same procedure as for local residents. However, there are additional considerations:
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Translation requirements: Documents not in Hungarian must be officially translated.
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Residency requirements: While not mandatory, having a local address or office can simplify the process.
Foreign investors can also benefit from Hungary’s low corporate tax rate of 9%, making it one of the most competitive in Europe.
Remote vs. personal company registration in Hungary: Which one to choose?
Entrepreneurs can opt for remote or in-person registration depending on their circumstances.
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Remote registration: Business owners can register their company remotely during an online meeting, without being physically present in Hungary.
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Personal registration: Another option where the founder signs documents in person, allowing immediate submission to authorities without postal delays.
Cost of company registration in Hungary
The cost of company registration in Hungary varies depending on legal fees, notary services, and additional administrative expenses. Key costs include:
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Court registration fee: First registration is free for most company types, but certain legal expenses apply.
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Legal fees: Typically are around €1,500, depending on complexity.
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Accounting services: Monthly costs range from €130 to €500, depending on company size and transaction volume.
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Office rental: Virtual offices start at €59-€100 per month, while physical office spaces vary widely by location.
Understanding these expenses ensures effective budgeting for entrepreneurs starting a business in Hungary.
Establishing a business in Hungary is a straightforward process, particularly with the right legal and financial guidance. Whether opting for remote or in-person company formation in Hungary, compliance with Hungarian corporate laws is essential for long-term success. With its low tax rates, strategic location, and business-friendly environment, Hungary remains an excellent choice for local and international entrepreneurs looking to open a business in Hungary.
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