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Process of the company formation

The Company registration in Hungary has a   numerous advantages for foreign investors including 9% corporate tax and 0% tax on dividend. With these favourable conditions, Hungary is a really preferential business and investment destination for foreign citizens. With our high level services the company registration takes only a few days with obtaining a VAT number and all you have to do is to follow the steps below.

 

Step 1st :

Send us the required documents for the company registration:

For the company registration necessary a colourful, clearly visible scanned version of the new company’s director’s identity document, his/her proof of address (address card, utility bill, bank account statement etc.) and his/her mother’s name.

 

Step 2nd:

Please be so kind to fill out the order form on our website (you can find the form on this link: https://company-formation-hungary.com/order). If you have any problem with filling out the order form please do not hesitate to contact us on this e-mail address. To completely fill out the form you have to appoint a Hungarian address for your company’s residential address and appoint an agent for service of process if the new company’s director does not have a Hungarian residential address. Also please note if the new company’s director does not have a tax number, he/she has to obtain it in Hungary after the company registration.

 

Step 3rd:

After filling out the order form we will send you a proforma invoice in PDF format including the costs adapting to the ordered services and with a bank account number, where you have to transfer the fee.

 

Step 4th:

Whereas you have transferred us the fee and we have finished the customer due diligence based on the documents you have sent us, we prepare all the necessary  documents  needed for the company registration. You can visit us personally to our office (Révay utca 6. fsz. 7., 1065 Budapest, Hungary) to sign the documents or we can send you the documents in PDF format and you can sign them remotely in your home country. 

In case of remote signing you have the option to perform the necessary identification via Skype, instead of doing this at a notary or at the Hungarian Consulate.

The documents will be sent to you in email, whereas you signed them you will have to send the original copies back to our office and after their arrival the identification via Skype can be done.

In order to carry out the process remotely, the following technical conditions have to be met from your side:

  • You must have a printer with which you can print out the founding documents in good quality,
  • You must have a computer/laptop with a webcam or a tablet/mobile phone with the Skype application (it has to be the 8.50.0.38 or a newer version),
  • Appropriate internet connection.

Please note that the bar association only accepts recording these calls with the Skype software.

In this case the service fee would increase with an additional 100 EUR + VAT amount, due to the additional working hours and to the fact that the acting attorney-at-law has to take the responsibility for the mode of the recording of the remote-identification. The identification has to be recorded and logged, in case of disconnection the process has to be started from the beginning, and it is a compulsory that the recording has to be saved as an e-file, signed independently electronically and archived.

The above specified overtime tasks justify the higher fee, but compared to that the attestation at a notary or at the Hungarian Consulate costs approximately 200-300 EUR, it is a more cheaper and easier solution.

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