Advantages of Company Registration in Hungary

Hungary, located in the Central European region shares its borders with seven other countries, i.e., Ukraine, Austria, Serbia, Croatia, Slovenia, Romania and Slovakia. The main driver of its economic growth can be attributed to industries such as Agriculture, Automobile, Electronics, Construction, Mining and Textile among others. It has signed bilateral tax treaties with 80 countries such as India, Germany, USA, Japan, Singapore, the United Kingdom, etc. in order to avoid Double Taxation. It is a member of the European Union (EU), North Atlantic Treaty Organisation (NATO) and Organisation for Security and Co-operation in Europe (OSCE). Following are the benefits of company formation in Hungary:

  • It enjoys the lowest tax rate across Europe

  • Strategically located in the middle of Europe, it is convenient for cross border activities

  • Easy to obtain VAT registrations that allow for trading freely across EUCost-efficient company registration, set-up and maintenance as compared to other EU countries

Requirements to Open a Company

Basic Requirements

  • Minimum 1 Shareholder (Individual/Corporate Entity).
  • Minimum 1 Director.
  • The minimum share capital for a Limited Liability Company is HUF 3,000,000.
  • A local registered office address.

Documents Required

  • List of proposed names.
  • For Individual Shareholders: Copy of passport and identification documents, Address Proof.
  • Address Proof – Bank statement, Driving License, Utility Bill and Credit Card Statement
  • For Corporate Shareholders: Copy of Certificate of Incorporation, AoA, MoA and PAN card or similar document, Shareholding pattern and address proof
  • For Proposed Directors: Copy of passport and identification documents, address proof

Our Services

Incorporation services:

  • Name search and name reservation
  • Preparing relevant resolutions, incorporation documents and company setup
  • Registering with Chamber of Commerce
  • Obtaining VAT registration
  • Assistance in opening a bank account

Other Maintenance & Compliance Services:

  • Providing a registered office address
  • Book keeping and Preparation of Financial Statements
  • Filing tax and annual return

Time Period

Opening a company in Hungary takes generally takes 1 week to complete along with the formalities.
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