Hungary company register
This amazing country, a full member of the EU, is located in Central Europe, in the center of the Middle Danube Plain. During the past decade, there has been steady advancement in the economy. This is evidenced, for example, by an annual GDP of more than 5%. Entrepreneurial activities are constantly regulated by legislation that is being improved through effective reforms. Nowadays, many business owners want to set up their establishment here and enter it in the Hungary company register.
Since the state has about 70 double-tax written agreements and is not offshore for many countries, opening a business here is the prizewinning solution. The big pluses will be a small corporate tax, a developed economic infrastructure, and a convenient location in the center of Europe.
Why do you need to set up a company in Hungary?
Company registration in Hungary has many benefits: the owner can be either one or an unlimited number of people. The team may include individuals and legal entities. It can also be a minor owner, but in this case, a legal representative must appoint a manager.
The fact that Hungary is part of the European Union gives it the potential to carry out activities in any country in the Eurozone. Here, the corporate tax rate is one of the lowest in Europe – from 9% on net profit; there is no currency control; you can open an account in a European bank and obtain a tax residency certificate. The cost of starting a business is quite low.
Benefits of fintecharbor.com among registration providers in Hungary
Thanks to the lawyers of fintecharbor.com, the process will take a couple of business days and, if desired, can be done online. Using a special ÁNYK program, we will fill out and submit an application for opening your company, draw up all the documents, and sign the papers with a personal electronic signature.
Our specialists will assist you in entering your organization into the Hungary business register. Note that all procedures can be held only through a Hungarian lawyer accredited by the state. They are necessarily present at the constituent agreement’s signing, preparing documents, and sending them to the “Registration Chamber.” The lawyer is responsible for the accuracy of the information and the correctness of filling out the forms. As a result, in a maximum of 5 days, your firm will receive a temporary certificate, which gives you the right to start activities (an electronic certificate with a registration number, an extract from the register of legal entities).
Steps to incorporate a firm in Hungary
Foreign companies can start their business in Hungary by opening a representative or a branch office (with the right to commercial activities). For the Hungary corporate registry, the founders and the director must prepare a passport (with copies), a European national insurance number (if any), and proof of address of residence (this may be a utility bill issued 4 months ago or earlier). Supporting documents must contain the name, surname, and address. The company’s name is essential; it should not be consonant or be similar to the other Hungarian enterprises’ names; the abbreviation Kft is added at the end. A list of planned activities, a list of founders, and the amount of their financial participation are required.
The fintecharbor.com team did an excellent job in creating my company in Hungary. I didn’t even have to attend in person. They organized the entry of the company into the Hungary register of companies very quickly. Thank you for appreciating the time of your customers!
We organize the procedure through a trusted representative. This does not require you to travel to the country. Documents must be signed directly in front of the Hungarian consul at Hungary’s embassy (consulate).
Since January 1, 2008, the Ministry of Justice’s Company Information and Electronic Business Service website has provided online free access to some company data (https://www.e-cegjegyzek.hu/?ceginformacio). Or you can contact our lawyers to obtain an extract from the commercial register of Hungary.
Any person can start a business in Hungary, regardless of citizenship, nationality, place of residence, and resident status. Opening an LLC (Kft) in Hungary is much easier than in other EU countries. You don’t need to get any permissions. And residents of “third” countries are equal in rights with European Economic Area (EEA) citizens.
Hungary is a great country with many advantages for business people. This is both a simple registration of a company and the opportunity to start a business immediately after submitting documents, one of the lowest corporate taxes in Europe (9%). Low costs for opening and maintaining the company will be beneficial. The procedures for obtaining a residence permit are quite simple.
The cost of registration a company in Hungary is 2800 EUR.