Full of advantages
- Foreign individuals, companies, social organizations or other entities can set up and own Hungarian businesses.
- A single member is eligible to form a business.
- Only one managing director needs to be appointed (who may be a foreigner).
- Company registration within a few days.
- Government fee of HUF 0
- Immediate VAT number with the eligibility to trade with all EU Member States free of VAT.
- A minimum share capital of app. EUR 10,000 (HUF 3,000,000), which can be withdrawn after incorporation.
Competitive taxation system
- Books may be kept in EUR.
- Corporate income tax: 9% - the lowest in Europe.
- Local business tax: 0% to 2% subject to the location.
- Tax on divident: 0% for foreign individuals and businesses.
Within the EU area, Hungary is the country with the lowest tax rates for foreigners, along with Cyprus and Malta.
Favorable business environment
Hungary is a full-fledged member of the EU. While the euro has not yet been introduced as an internal currency it can nonetheless be used in every type of settlement.
- The share of foreign working capital exceeds 60% of the GDP.
- Availability of high-quality and inexpensive raw materials.
- Inexpensive and well-qualified workforce.
- Given its geographic location and its market potential, as well as its EU membership and diplomatic ties, Hungary offers an excellent opportunity to enter the markets of the developed EU Member States.
- Developed public road and fluvial infrastructure, extensive freight network, a European distribution center.
- An extensive IT infrastructure of high standards (administration, banking system, authority procedures).
- Free flow of capital and labor within the EU.
- Hungary is a member of Customs Union, allowing for significant savings in time and administration when trading with other EU Member States.
- A favorable tax environment.
- The English language is widely used with the option of foreign language bookkeeping.
Standard - EUR 600
- Statutory fees are included
- Formation with individual members
Extra - EUR 2,700 /year
- All standard services
- Registered office service for one year
- Accounting services for one year
Business EUR 3,600 / year
- All standard and extra services
- Hold mail and forwarding service for one year
- Opening of bank account
- Registered address service: EUR 50 / month
- Accounting: from EUR 150 / month
- Hold mail and forwarding: EUR 50 / month
- Opening of bank account: EUR 300
- Secretary sercvice: EUR 350 / month
Set up a business without presence is also possible. Proceeding through Hungarian Consulate abroad is possible. In this case fees of signatures and consular notarization make some extra costs. If the business is established by a foreign company, certified translation of original corporate deeds is charged as an extra cost.
Who we are?
Company Express Kft &
Dr. Istvan Tiszko Law Office
Office: 1065 Budapest, Révay street 6., Fsz. 7.
Phone: +36 70 4315070
Since May 2000, we have been active in providing business services, incorporation services and full administration of modification and termination of business entities.
In addition to company formations, we also offer full administration of business procedures, provision of legal and accounting services from the beginning to the ending of a business, hopefully in the very distant future.
During this time we have worked out the most convenient and most efficient company formation and supporting service, which is both safe and reliable. Founding a company, or modifying an existing one, can now be done within one day as an express service.
Our objective is to provide comprehensive information in matters relating to company formations and to perform the administration of incorporation procedure in an efficient and professional manner, thus making the registration and operation of your company as simple and convenient as possible for you.
Partner with Us!
We are looking forward to build parnerships with international Law offices.
Contact us for more information!
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