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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Hungary
Company incorporation, bank accounts, accounting services in Hungary
Registration packages
Services
Essential
Standard
Premium
Company registration (Kft)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Hungary
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How you can register a company in Hungary with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Hungary
Hungary is located in Central Europe and has a territory of 93,036 square kilometers. Hungary borders Slovakia, Ukraine, Romania, Serbia, Croatia, Slovenia and Austria. Hungary has a population of 10 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 9%
- Dividend withholding tax - 0%
- Interest withholding tax - 0%
- Royalties withholding tax - 0%
- Capital gains tax - 9%
- VAT - Standard tax rate 27% or reduced tax rates from 0% up to 18%
- Personal income tax - 15%.
The following are the most common types of companies to incorporate a company in Hungary as:
- Limited liability company (Korlátolt Felelősségű Társaság - Kft)
- Close corporation (Zártkörűen Müködő Részvénytársaság - Zrt)
- Public corporation (Nyilvánosan Működő Részvénytársaság - Nyrt)
- General partnership (Közkereseti Társaság - Kkt)
- Limited partnership (Betéti Társaság - Bt)
- European company (Societas Europaea)
- Branch office (Fiókiroda).
- Individuals or legal entities that are intending to register a company in Hungary can be resident or non-resident in Hungary.
- A resident or a non-resident individual can be a company director in Hungary. It is not required to set up a company in Hungary with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Hungary if such company is incorporated as a Kft (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Hungary in order to establish a company in Hungary or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Hungary as a Kft (a limited liability company) is HUF 3 million.
- Kft registration takes between 12 and 15 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Hungary is complete is publicly available in the state corporate register.
- With our service you can register a company in Hungary completely remotely upon a power of attorney.
Official currency of Hungary is hungarian forint (HUF).
Hungarian GDP in 2018 grew by around 3%.
Hungary's economy structure is primarily similar to the economy structure of other states that have the same level of economic development. Service sector is slightly over 2/3 of Hungary's GDP. Within the service sector private sector (trading, travel business, financial and other economic services) is highly developed. Service sector make up a significant part of the state's export. Transport and expedition services offer optimal conditions for transit due to beneficial geographic location of Hungary.
Agriculure for which there are favorable climate conditions makes up only 4% of the state's GDP. Industrial manufacuring, however, is only 1/4 of the state's GDP.
Foreign direct investments exceeded EUR 69 billion. The majority of these investments were for the service sector and car industry, also for electric equipment manufacturing.
Hungarian GDP in 2018 grew by around 3%.
Hungary's economy structure is primarily similar to the economy structure of other states that have the same level of economic development. Service sector is slightly over 2/3 of Hungary's GDP. Within the service sector private sector (trading, travel business, financial and other economic services) is highly developed. Service sector make up a significant part of the state's export. Transport and expedition services offer optimal conditions for transit due to beneficial geographic location of Hungary.
Agriculure for which there are favorable climate conditions makes up only 4% of the state's GDP. Industrial manufacuring, however, is only 1/4 of the state's GDP.
Foreign direct investments exceeded EUR 69 billion. The majority of these investments were for the service sector and car industry, also for electric equipment manufacturing.
Foreign entrepreneurs expand to Hungary and seek to incorporate a company in Hungary in order to conduct business in the following sectors:
- wholesale and retail trading
- logistics
- food processing
- pharmaceutical products
- car industry
- textile industry
- education
- construction.
Benefits of registering a company in Hungary
Business climate
- Hungary is located in Central Europe, close to major European markets
- Opportunities for industrial manufacturing, service sector and logistics
- Highly-developed infrastructure
- Favorable investment policy
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Low corporate income tax - 9%
- No withholding taxes on payments to companies
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- No foreign exchange controls
Register your company in Hungary
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