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Company forms in Hungary

In Hungary there are several, various company forms, from which you can choose the most suitable for your business operations in Hungary, depending of the annual turnover of your company, the number of your transactions and the number of your employees.

Please let us give you a brief introduction of the most popular company forms in Hungary:


  • Korlátolt felelősségű társaság (Kft.):

The Kft. is the most favourable corporate form in Hungary for small- and medium sized businesses. It is a type of business organization, which starts with an authorized capital with a specified amount of capital contributions. The authorized capital for the Kft. is EUR 10.000, which can be spent on company-related expenses after the incorporation. Even one member is enough to establish a Kft. in Hungary. The obligation of the members extends up to the paid amount of their own contribution basically. The managing director is liable in unlimited way, with all his/her assets for the debts of the lenders in case on intentional damage. The Kft’s supreme organ is the Assembly of Members, which must be convened at least once a year. The managing director is responsible for managing the company' s affairs. The managing director has to provide information  for the members, about the company’s data. The Kft’s German and Austrian equivalent is the GmbH.


  • Zártkörűen működő részvénytársaság (Zrt.):

The Zrt is a type of the share companies, but its stock can’t be placed on the stock exchange. The authorized capital for the Zrt. is minimum EUR 16.700 , due to that the shareholders have no underlying responsibility against the creditors. The amount of the contribution in cash can’t be less than 30% of the authorized capital at the time of establishing the company. The Zrt’s supreme organ is the General Assembly, which must be convened at least once a year. After the company is established, it can be converted into Nyilvánosan működő részvénytársaság (Nyrt.). The Nyrt’s stock is listed on the stock exchange, but its shared capital must be minimum EUR 66.700. The Zrt. can be converted into Nyrt. by a resolution of the General Assembly, voted with at least 75% of the General Assembly’s members. Their German and Austrian equivalent is the AG.


  • Betéti Társaság (Bt.):

The Bt. is mostly recommended for companies, which will have especially low annual turnover. In case of Bt’s no authorized capital is needed for establishing it. The Bt. must have  at least one general partner, and one limited  partner. The general  partner’s responsibility is unlimited, and it is equivalent with the other general  partner’s. The limited  partner is only obliged to provide his/her deposit undertaken by the Articles of Association. The Bt’s supreme organ is the Assembly of Members, which must be convened at least once a year. The company is responsible for its liabilities, with all his assets. If the company’s assets do  not cover its liabilities, the general  partner(s) are responsible for them, in unlimited way, with all his/her/their assets. The Bt’s German and Austrian equivalent is the KG.


If you entrust us with your confidence, we can help you to choose the most suitable company form for your business activities.

If you have any further questions please do not hesitate to contact us.