Yes, a foreigner can own 100% of a Hungarian company. There are no legal restrictions based on citizenship or residency for owning or managing a corporate entity in Hungary unless you match the following criteria:
No, a foreign director does not need Hungarian residency to manage a Hungarian company. You can legally serve as the managing director while living entirely outside of Hungary. You must only fulfill the following criteria during company registration:
Appoint a Delivery Agent: Hungarian law mandates that any foreign director or shareholder without local residency must appoint a person or entity living in Hungary to act as their official delivery agent.
Acquire a Hungarian Tax ID: Even if you do not reside or pay personal taxes in Hungary, you must obtain a Hungarian personal tax number to be registered as a corporate officer in the Hungarian Court of Registry.
The minimum share capital of a Hungarian Kft. is HUF 3 million.
Yes, you can establish a Hungarian company entirely remotely. You do not need to travel to Hungary to sign the incorporation paperwork. Legal firms use special distance-identification protocols to legally finalize the process from abroad.
A Hungarian company formation takes up to 5 business days for the official court registration once all documents are signed and submitted.
Yes, you legally must have a registered office in Hungary. Under Hungarian law, every corporate entity is required to maintain an official registered address. Without a valid local address, the Court of Registration will not approve your company setup.
Yes, you absolutely need a Hungarian accountant. In fact, under Hungarian law, it is a strict legal requirement for almost all corporate entities (like a Kft. or Zrt.) to employ a certified local accountant. In many countries, small businesses only file taxes once a year. In Hungary, corporate compliance is an ongoing, monthly cycle. Your company must file declarations for payroll, social security contributions, and VAT every single month. Even if your company is completely inactive and has zero revenue, a certified accountant must submit “nil returns” every month to prevent the tax authority from locking your business down.
Yes, Company Express Kft. can handle your corporate accounting after incorporation. Our company operates as a full-service business registration and management agency, providing both legal corporate setup and long-term accounting support. Using the same provider for both steps is standard practice in Hungary, as it allows your newly incorporated business to meet its immediate post-registration tax deadlines without compliance gaps.
If you entrust us with your confidence, you can use our registered address service. In this case you do not have to find a Hungarian address for your company, the following address will be indicated in the registry: 1065 Budapest, Révay utca 6. fsz. 7. In this case, we will also handle your company’s correspondence, so you do not have to worry about receiving your mail.
Yes, VAT registration is included.
While the company can be incorporated completely via Power of Attorney (PoA), you as the director will generally need to travel to Hungary at least once to open the company’s mandatory corporate bank.
No, you cannot open a primary Hungarian corporate bank account fully remotely.
