Large business setup in Hungary
Launching a corporation requires thorough preparation and effort, with specific challenges and considerations to weigh. Let’s explore the benefits of establishing a large company in Hungary and how our tailored solutions can help ensure your success.
The process of setting up a large business
Creating a big company in Hungary involves a process similar to starting a small or medium-sized business. Nevertheless, given its size and intricacy, setting up a large enterprise usually demands a greater amount of time and resources. The process can be outlined as:
Choose a business name
The name of the business must be original and not currently in use. You can verify the availability of a name on the Hungary Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your major company. We offer expert advice on various options such as Joint Enterprise (KKT), Limited Liability Company (Kft.), Limited Partnership (Bt.), Company limited by shares (Rt.), Branch Office, Holding Company to assist you in making an informed decision that suits your needs and goals.
Set up legal address
Establishing a legal address is crucial when launching a business, as it acts as the primary point of contact for government agencies, legal entities, and significant business communications. It is important to select a legal address that complies with local laws and fits your business needs.
Get the necessary paperwork ready
Our team of specialists will assist you in generating accurate and comprehensive documentation that is tailored to your company’s structure and objectives. We assure compliance with all legal regulations and will handle the filing procedures on your behalf.
Open a bank account
We will support you every step of the way in opening a bank account, making sure the company follows regulations and selecting a trustworthy financial institution in Hungary.
Company registration
We take care of the registration procedures with entities such as Trade and Companies Register and tax authorities, alleviating you from the administrative workload. This ensures that your business is recognized by law and in compliance from the beginning.
Setup accounting
In order to effectively start a major business, it is crucial to keep precise financial records. Our group of accounting professionals can assist in setting up efficient accounting and bookkeeping methods that adhere to Hungary’s regulations.
Large business examples
Large companies work in various industries and sectors, each with distinct requirements. Here are a few examples of large companies:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Hungary
Hungary is an attractive location for establishing large companies, providing a wide range of benefits:
Strategic location
Hungary has a proficient labor force and provides favorable conditions for international corporations in the fields of manufacturing and technology. Positioned strategically in Central Europe, with cost-effective operations and governmental support for foreign investments, Hungary presents various benefits for companies seeking to grow their presence in the area.
Favorable tax regime
Hungary has a corporate income tax rate of 9% for companies with annual revenue below a certain threshold and 15% for others. The country provides different incentives, such as deductions for research and development. Hungary is a member of the European Union.
Banking
Hungary’s banking sector provides stability and a wide range of financial services, which present opportunities for investment and banking operations in a prime location in central Europe.
Our Large business setup solutions
We understand that your time and resources are valuable, which is why we offer two convenient options to make the company formation process easier.
Business formation online
By utilizing the online platform offered by Hungary, individuals can start and finish the process of setting up a business from any location worldwide. The capability to track progress, submit necessary documents, and access our services through secure digital platforms guarantees a seamless and convenient experience.
Business formation remotely
If you would rather not be involved in the paperwork, we are able to manage all of it for you. Our expert team will handle the necessary formalities, fill out the required documents, and communicate with the appropriate authorities on your behalf to provide you with reassurance.
Contact us
Get in touch today to schedule a consultation and begin pursuing your business goals. Together, we can take the first step.