• 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.
• Immediate EU VAT number including the eligibility to trade at 0% VAT with foreign EU companies.
• A minimum share capital of HUF 3,000,000, which can be withdrawn after incorporation.

Within the EU area, Hungary is the country with the lowest tax rates for foreigners, along with Cyprus and Malta.

• Corporate income tax: 9% – the lowest in Europe.
• Local business tax: 0% to 2% subject to location.
• Tax on dividend: in accordance with the tax agreements, in most cases 0% in Hungary

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.