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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 HungaryPros and costs of starting a business in Hungary
Pros of starting a business in Hungary
Hungary offers a favorable environment for business growth, with various benefits that make it an attractive option for entrepreneurs looking to open a business in Hungary. One of the key advantages of starting a business in Hungary is its strategic location in Europe. Hungary is part of the European Union, providing access to a market of over 450 million people. This makes it an ideal hub for businesses looking to expand throughout Europe.
Additionally, Hungary’s business-friendly tax policies are a major draw. The corporate tax rate in Hungary is one of the lowest in Europe at just 9%, which makes it an appealing choice for businesses aiming to minimize their tax burden. The country also has an efficient and affordable workforce, with a highly educated population and relatively low labor costs compared to other EU nations.
Another advantage is Hungary’s well-developed infrastructure, including modern transport links, excellent communication networks, and access to major international trade routes. The availability of reliable logistics and transportation services makes it easier for businesses to operate and expand in Hungary. This makes company formation in Hungary an attractive option for entrepreneurs seeking to establish a strong presence in Central Europe.
Cost of Starting a Business in Hungary
The cost of starting a business in Hungary is relatively low compared to many Western European countries, making it an attractive option for entrepreneurs. The minimum capital requirement for a limited liability company (Kft.) is 3 million HUF (approximately 7.800 EUR). Other costs include company registration fees, legal and consulting fees, and the expenses associated with opening a business bank account.
Additionally, businesses should budget for operating costs, including cost of registered address, cost of virtual office and office space, employee salaries, and taxes. Hungary’s low corporate tax rate helps reduce ongoing business costs, but entrepreneurs should be prepared for the expenses related to day-to-day operations, such as marketing, insurance, and utilities.
In conclusion, if you’re interested in expanding into Europe or establishing a new venture, Hungary presents a solid and cost-effective option.
How to start a business in Hungary
If you’re considering to start a business in Hungary, it’s essential to understand the steps involved. The process generally includes selecting the appropriate business structure, such as a limited liability company (Kft.) or a joint-stock company (Rt.), registering your company with the Hungarian authorities, and obtaining a tax identification number. Depending on the nature of your business, you may also need to apply for permits or licenses, especially in regulated industries.
You’ll also need to open a business bank account in Hungary, which will be necessary for handling transactions and paying taxes. Entrepreneurs should also consider consulting with legal and financial experts to ensure compliance with Hungarian laws and regulations.
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