Legal entity types in Hungary compared
Our team is dedicated to helping entrepreneurs such as yourself understand the complexities of Hungary’s business structures. With our extensive services, we can assist you in selecting the most suitable structure for your business and ensuring compliance with all legal regulations. Let’s examine the different business structures that are available and discuss how we can support you in establishing your presence in this thriving European country.
Legal entities in Hungary
Here is a summary of the most commonly used legal forms in Hungary:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Limited Liability Company | Korlátolt felelősségű társaság | HUF 3 million (€ 8100) | Directors | 7 days |
| Company limited by shares | Részvénytársaság | HUF 20 million (€ 51900) | Board of directors | 12 days |
| Limited Partnership | Betéti társaság | € 0 | General partners | 10 days |
| Joint Enterprise | Közös Vállalat | € 0 | Joint partners | 14 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Joint Enterprise (Közös Vállalat)
The Joint Enterprise is a popular option for partnerships and cooperation in Hungary. Thanks to its straightforward setup and minimal legal obligations, it provides a convenient method for teaming up with other companies. Our team is available to help you with the registration of your Joint Enterprise in Hungary.
Limited Liability Company (Korlátolt felelősségű társaság)
Small and medium-sized enterprises frequently choose to establish a Limited Liability Company in Hungary. This adaptable business structure has a minimum capital requirement of HUF 3 million (€8,100), making it a feasible option for numerous business owners. A major benefit of this entity is the limited liability it offers shareholders, relieving them of personal responsibility for debts. Our team can offer the support and direction needed to facilitate the registration process for this company type in Hungary.
Limited Partnership (Betéti társaság)
The Limited Partnership is a popular option for partnerships in Hungary because of its uncomplicated structure and less strict regulations, making it a convenient way to work together and distribute profits. We are available to help you with the registration process for your Limited Partnership in Hungary.
Company limited by shares (Részvénytársaság)
Businesses in Hungary commonly opt for the Company limited by shares due to its simplified registration process and adaptable structure, making it a convenient choice for entrepreneurs. We are prepared to assist you in establishing this type of company in Hungary.
Branch Office
A branch office is a continuation of the parent company, enabling it to operate in a different area while maintaining its original legal status. Setting up a branch office in Hungary can be beneficial for businesses seeking to grow in the country without forming a distinct legal entity. By operating as a branch, the parent company can utilize its established brand name and resources while accessing new markets. We provide extensive assistance in navigating the complexities of establishing and running a branch office in Hungary, ensuring a seamless and compliant entry into the market.
Holding Company
A holding company is commonly used as a strategic tool to control other companies by owning their shares. In Hungary, forming a holding company can provide advantages like centralized management, risk diversification, and tax benefits. By organizing your business as a holding company, you can effectively oversee numerous subsidiaries, simplify decision-making, and enhance tax planning. Our experienced team offers personalized support to assist you in setting up and running a holding company in Hungary, ensuring adherence to regulations and maximizing your corporate structure’s potential.
Requirements for starting the business
Let’s examine the key prerequisites for launching any form of business entity in Hungary and how our committed team assists you through each stage of the process.
Minimum share capital
According to the selected business structure, Hungary has specific minimum share capital requirements in place. Our experts will help you figure out the minimum share capital necessary for setting up your business, regardless of the type of corporation. We will collaborate with you to guarantee that you meet all the regulations and make the most of your financial assets.
Directors and shareholders
In Hungary, all businesses must have directors and shareholders. Our experts can provide valuable guidance in selecting appropriate directors to ensure the company benefits from their expertise and aligns with your future goals.
Legal duties and obedience
It is essential to remain compliant with all obligations, such as registration and tax requirements, by staying on top of administrative tasks. Our legal team will handle these responsibilities, allowing you to concentrate on your main business operations.
Book a consultation
The team is dedicated to understanding your goals, industry, and challenges in order to offer personalized guidance during the process of forming your business. We assure you a smooth and trouble-free path to creating a successful company in Hungary through our expertise and commitment to excellent service. Do not let the challenges of starting a business in Hungary hold you back from success. Trust us to help your company reach its full potential. Start your path to success today by reaching out to us. Simply fill out and submit the inquiry form below and our experts will reach out to you.