Business formation in Hungary
The procedure of business formation
When it pertains to the procedures and protocol, our complete set of services encompasses all aspects of establishing a business. Beginning with the initial establishment and extending to the creation of legal paperwork, we manage the entire procedure, enabling you to concentrate on the main goals of your business. Our team aids you in:
1
Choosing the right business structure
We understand the importance of selecting the most optimal legal structure for your business. Whether it pertains to incorporating, forming a partnership, or operating as a sole proprietorship, our experts provide individualized guidance to assist you in achieving your goals.
2
Drafting legal documentation
Our team of experienced experts creates customized legal documentation, including shareholder agreements, articles of association, and employment contracts, to perfectly cater to your business's specific requirements.
3
Bank account opening
To effectively handle financial transactions, receive payments, and make disbursements, it is necessary to establish a corporate bank account in the country.
4
Registering with authorities
Our professionals will guide you through the bureaucratic procedures by taking care of all the required registrations such as tax authorities, social security, and trade registers, thus guaranteeing adherence to Hungary's legal system.
Timeline for business formation: setting expectations
The time needed to establish a company in the country depends on the chosen type of enterprise. In general, it takes about 2-4 weeks to complete all the necessary procedures and successfully set up the company.
Types of legal business structures in Hungary
Our expertise lies in providing guidance in establishing different types of companies, guaranteeing that the structure of your enterprise harmonizes flawlessly with your goals.
Joint Enterprise (KKT)
In Hungary, the Joint Enterprise is widely preferred for joint ventures and collaborations. Its straightforward framework and minimal regulatory obligations make it a convenient avenue to establish partnerships with other companies. Our role is to support you in the registration procedure of your Joint Enterprise in Hungary.
Limited Liability Company (Korlátolt felelősségű társaság)
Hungary is often chosen by small and medium-sized businesses who prefer the Limited Liability Company. This type of company offers flexibility and can be established with a minimum capital of HUF 3 million (€8,100), making it a popular option among entrepreneurs. One of the main benefits is that shareholders have limited liability, so they are not personally held responsible for any debts. If needed, we can offer guidance and support to assist you in registering this specific company structure in Hungary.
Limited Partnership (Betéti társaság)
The Limited Partnership is frequently selected for partnerships in Hungary. Due to its straightforward setup and lesser regulatory obligations, it presents a convenient means to cooperate and distribute earnings. Our role is to provide support in the registration procedure for your Limited Partnership in Hungary.
Company limited by shares (Részvénytársaság)
Many companies in Hungary opt for the Company limited by shares due to its simplified registration process and adaptable structure. Entrepreneurs find it to be a convenient choice, and we have the expertise to assist you in establishing this particular type of company in Hungary.
Branch Office
Setting up a branch office in Hungary can have benefits for companies that want to expand without the need to create a separate legal entity. By being a branch, the parent company can use its existing brand reputation and resources to access new markets while keeping its original legal identity. We provide extensive assistance to help navigate the complexities of establishing and running a branch office in Hungary, ensuring a seamless and compliant transition into the market.
Holding Company
A holding company, which is frequently used as a strategic entity to control other companies, usually by owning their shares, can provide several advantages in Hungary such as centralized management, diversification of risks, and tax benefits. By organizing your business as a holding company, you can effectively oversee multiple subsidiaries, simplify decision-making processes, and optimize tax planning strategies. Our experienced team offers personalized guidance and support to assist you in establishing and running a holding company in Hungary, guaranteeing compliance with regulations and maximizing the potential of your corporate structure.
Our business formation solutions
We present two convenient choices for starting a business, accommodating your preferences and guaranteeing a seamless entry into the Hungarian business environment.
Business formation online
Commence the process of establishing your company digitally without any difficulty, irrespective of where you are or the time of day. Our committed staff is available to assist you at each phase, delivering customized help designed to meet your individual requirements. Starting from submitting documents to monitoring progress, we guarantee a smooth experience through electronic tools and an easy-to-use interface. Allow us to streamline the process of incorporating your business, providing professional assistance as you set up your company with a few simple clicks.
Business formation remotely
Let us take care of all the necessary paperwork and legal procedures on your behalf. Our competent team situated in Hungary will oversee the entire process, enabling you to dedicate your attention to your primary business endeavors.
Contact us
Are you prepared to start your business in Hungary? Don’t try to figure out the complexities by yourself. Reach out to us for expert help and customized solutions to simplify the process of establishing your business. Our team of skilled professionals is available to support you at every stage, guaranteeing a smooth and triumphant entry into Hungary’s vibrant business landscape. Let’s collaborate to turn your company objectives into a reality.
Ready for the next step
Accelerate your business growth while we take care of everything else.