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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 HungaryBreakdown of Hungary company formation cost: Registration fees, legal fees, and more
When setting up a business, understanding the Hungary company formation costs is crucial. The total cost depends on various factors, including registration fees, legal services, and administrative expenses.
Here is a breakdown of the key costs:
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Legal fees – Legal fees usually cover the preparation of the documents, the signing meeting, and the submission for incorporation. The cost of legal services depending on the complexity of the company formation. The number of directors and shareholders, as well as the shareholder structure, especially when the shareholders are other legal entities, can influence the cost. If the company has multiple shareholders or a complicated shareholder structure, legal fees may be higher due to the additional work required to prepare and structure the documents properly. Similarly, having multiple directors or shareholders with varying responsibilities can increase the time and effort needed from the legal professionals, thus raising the overall cost.
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Translation and notarization – If documents need translation or if an interpreter is necessary for the process, expect additional expenses of ~ €300–€900.
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Share capital requirement – A Kft. in Hungary requires a minimum share capital of €3,000, which does not have to be fully deposited at the time of registration. However, we suggest depositing the full amount when the company is incorporated, as this can streamline the process and demonstrate financial stability to both authorities and potential partners.
Ongoing business expenses after company formation: Understanding the company formation Hungary cost
After registration, businesses must budget for recurring expenses. These include:
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Office rental – The cost of office rentaul in Hungary starts at €250-€300 per month depending on location. The cost of office rental can vary depending on several factors, including whether the office is old or new, the quality of the building (A, B, or C-class), the number of desks required, and the level of services offered, such as free meeting rooms, restaurants, bars, and kitchens.
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Cost of virtual office or legal address – The cost of legal address in Hungary ranges from ~ €59–€100 per month, depending on service providers.
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Accounting and tax compliance – The cost of Accounting in Hungary varies between €130–€500 per month, depending on the volume of transactions. The cost of accounting is influenced by factors such as the number of employees, the frequency of invoices, and the annual and monthly turnover of the business.
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Banking services – Bank account opening in Hungary might involve bank fees of €50–€300, depending on the bank and account type.
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Business permits and licenses – Some industries require additional permits and licenses.
Cost of company formation in Hungary: Comparison with other EU countries
The cost of company formation in Hungary is generally lower than in many other EU countries. Here’s how it compares excluding share capital:
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Hungary – €2000–€3,500
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Germany – €2,500–€5,000
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France – €2,500–€4,000
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Netherlands – €3,000–€6,000
Hungary is an attractive destination due to its lower registration fees and minimal capital requirements, making it a preferred choice for foreign investors.
By understanding these costs, entrepreneurs can better plan their budgets and avoid unexpected financial burdens. Company formation Hungary remains an affordable and efficient process compared to many EU alternatives.
This article provides a comprehensive look at the expenses associated with starting a business in Hungary, ensuring investors are well-prepared for opening a business in Hungary or opening a company in Hungary.
Ultimately, understanding the Hungary company formation cost and the various ongoing costs can help investors make more informed decisions when choosing Hungary as their business location. The company formation Hungary cost remains competitive, offering an attractive option for businesses looking to establish a presence in the European Union.
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