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