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Company Incorporation in Hungary

How to start a Hungarian limited company. Incorporation or formation of a company in Hungary.

 

 

How to incorporate your company in Hungary

Share Capital in a Hungarian company hungria
Hungary: Shareholders and Directors
Companies in Czech Republic

The Hungarian Company type is a KFT (Korlátolt Felelősségű Társaság). The procedure to set up a KFT consists in the following:

  • Creates company deed and prepare other legal documents.
  • Pay at least 50% of subscription amount (at least HUF 250,000) into the bank account designated at the time of subscription.
  • Apply for registration at the Registration Court
  • Register for social security, National Income Tax, Regional Income Tax
  • Register the company with The Central Office of Statistics and The Institute of National Insurance
  • Legalise the initial accounting books.

Key Points of a Hungarian KFT

  • Basic Corporation Tax is one of the lowest in Europe. On income of less than HUF 500 million, corporation
  • tax begins at 10%, income over this figure is taxed at 19%.
  • Advanced Tax Rulings are available if you use a Hungarian company in an international structure.
  • KFTs are formed with a European VAT number.
  • There is a fairly high cost of running a company in Hungary.