Joint Enterprise in Hungary
A joint enterprise is a corporate entity responsible for its commitments primarily with its resources. If the enterprise’s resources are insufficient to satisfy such obligations, the participants will be held jointly liable for the business’s loans with their holdings as surety according to respective contributions. Each member in a united project may be held accountable for the actions of the other parties.
Get started
Get your company registered in Hungary in a matter of days by having the necessary documentation prepared and creating a bank account with the help of our lawyers. Business lawyers handle all of the relevant fees and expenditures on your behalf.
Experts assists in:
- Obtaining government clearance for the enterprise's name and operations,
- Gathering and submitting the required papers,
- Obtaining an incorporation certificate,
- Income and tax filing registration.
Joint Enterprise registration conditions
Joint enterprise registration fees must be submitted when filing the registration request.
Timeline
It takes one day to complete tasks like banking procedures and gathering papers. The registration process, on the other hand, can take up to 15 days.
Fees
Hungarian firms can pay up to HUF 600000 in enrolling fees. The fees and other charges can vary depending on the situation. Get a quote for our fees and additional charges.
Compulsory regulation
The parties must sign a contract declaring that in the event of legal difficulty, both parties would be held liable. It is necessary to settle on a shared goal that the group will accomplish. All participants to a joint venture must appoint a legal representative to guide them through the entire process.
Documents
The competent experts can compile and submit the paperwork below on your behalf:
- Name and address of the corporation,
- Evidence of registration fee payment,
- Record if all participants of joint enterprise,
- Participants’ financial accounts for the previous three years,
- A signed document by all listed participants,
- A paper describing the company’s shared goal to be accomplished,
- An agreement granting equal authority over the firm’s future,
- A deal that spells forth the terms of joint liability.
The proficient litigators configure all papers and get them signed by all other members on your behalf. The lawyers then filed the paperwork with the Hungary registration office.
Consultation about Joint Enterprise registration
We offer consultation services for Joint Enterprise registration to assist you throughout the entire process of setting up your business in Hungary. Our experienced advisors facilitate a seamless experience from preparing initial documents to securing the required permits and registrations. We provide tailored advice on legal obligations, share capital, and corporate structure, helping you make well-informed choices that support your business objectives.
Ownership management
Overseeing the ownership of a Joint Enterprise is a complicated yet essential responsibility. Our offerings involve managing ownership changes, overseeing beneficial owners, and coordinating ownership transfers. We guarantee that all ownership alterations are accurately recorded and adhere to the most recent regulations.
Corporate structure changes
As your business grows, your corporate structure may need to adapt as well. If you need to modify directors, refresh nominee details, or implement other structural changes, we offer thorough services to ensure these modifications are carried out smoothly and effectively.
Share capital management
Managing share capital is essential for your company’s financial well-being. We provide services to assist you in increasing, decreasing, selling, and transferring share capital, making sure that all transactions are executed correctly and comply with legal standards.
Ready for the next step
Accelerate your business growth while we take care of everything else.