Start a business in Hungary
Hungary is recognized for its favorable economic environment and friendly culture for business owners, presenting numerous opportunities to achieve your goals. Our firm is dedicated to supporting you at every stage, offering expert guidance and assistance to ensure a seamless and successful start for your business.
Steps and solutions
Our systematic approach simplifies the process of starting a business in Hungary. We provide tailored solutions that accelerate the journey to success, ranging from selecting the ideal corporate structure to providing comprehensive support with registration, licensing, banking, and additional services.
Determine business activities
One of the key steps in launching a business is identifying its activities. This involves specifying the main functions, services, or products the company plans to provide or partake in. Offering a precise outline of these activities is vital for adhering to legal requirements and for creating a distinct identity for the business. We support the establishment of businesses across various sectors, including but not restricted to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in starting your business. There are several options to consider, such as Joint Enterprise (KV), Limited Liability Company (KFT), Limited Partnership (BT), Company limited by shares (RT), Branch Office, and Holding Company in Hungary. Each type of legal entity has different effects on liability, tax responsibilities, and flexibility in operations. It is crucial to seek legal advice and perform comprehensive research to identify the best structure that fits your company’s objectives.
Conducting thorough market research
The experts will assist you in conducting thorough market research and provide valuable insights into consumer preferences, market trends, and competitive analysis. With this knowledge, you can create a strong business plan and establish a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the required licenses.
Opening a business bank account
The team will assist you in selecting a reliable bank and will guide you through setting up an account. We will support you with the necessary documentation, manage interactions with the bank for you, and ensure that your corporate account is tailored to fit your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, from preparing to submitting the required documents. We will streamline the registration process to conserve your time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in creating effective accounting systems and procedures, guaranteeing that you keep accurate financial records and comply with accounting standards. We will provide support in managing your business finances effectively, covering everything from bookkeeping to the preparation of financial statements.
Business landscape in Hungary
Hungary has a talented workforce and presents opportunities for global firms in the manufacturing and technology sectors. Its strategic position in Central Europe, along with competitive costs and government incentives for foreign investment, provides several benefits for companies aiming to grow their operations in the area.
Start a business with us
Our team is completely prepared to assist you at every stage of starting a business in Hungary. When you’re ready to begin, please contact us using the form below for more information and to schedule a consultation. Let us serve as your reliable advisors as you explore the unique opportunities in Hungary, helping you turn your entrepreneurial goals into real success.