register a limited company in hungary
TRANSCRIPT
1
Register a Limited Company in Hungary
A presentation brought to you by CompanyIncorporationHungary.com
2
Investing in Hungary
• Hungary is a country with low taxes and a stable economy, representing a very attractive destination in terms of foreign investments.
• Hungary has good connections with Central Europe and can access a market consisting of more than 500 million people.
• Furthermore, this country has good transportation networks: an extensive railway network, good waterway connections and a number of international airports.
3
What Is a Limited Company in Hungary?
• A limited liability company, also known as a Hungarian KFT, is a type of legal entity suitable for small and medium sized businesses.
• This type of company is the most preferred by foreign investors interested in starting businesses in Hungary.
4
Registering a Limited Company in Hungary >>
• The process of company registration in Hungary is an important phase you must comply with in order to set up a company in this country.
• The incorporation period of a limited company in Hungary is rather short.
• Before registering with the Court of Registration in Hungary, there are some preliminary activities to take.
5
>> Registering a Limited Company in Hungary
• The first step in order to register a limited company in Hungary is to put up a file for the registration of the denomination of the company.
• It must express the real activity object and the legal form of the company.
• The Articles of Association have to clearly provide the address of headquarter of the company.
• Other locations than headquarters represent operation units and branches.
6
Documents Required for the Registration of a LLC in Hungary
• In order to set up a limited liability company, you must submit an application for company registration in Hungary, which must contain:
a commercial license;
documents of incorporation, of the address and the unique name;
the activity and the type of the company;
the receipt of the bank account.
7
Characteristics of a Limited Company in Hungary
• A Hungarian Limited Liability Company may have a sole partner.
• The subscribed capital must be included in the Articles of Association, stating the monetary or non-monetary contributions and identification information about the members, name and residence and the signature specimen.
8
Registration with the Local Tax Authorities in Hungary
• Through an online system, the Court registers the company with the State Tax Authority (for income taxes and VAT) and with the Statistical Office during the process of registration at the Hungarian Trade Registry.
• Both the limited liability companies and the joint stock ones in Hungary have to register for Social Security through an application form.
9
Incorporate a Hungarian Limited Company from Abroad
• To incorporate a Hungarian Limited Company from abroad, the managing board of the entity must assign an attorney to represent the company.
• The assigned lawyer will complete all the necessary steps for company registration in Hungary.
• All documents must have authenticated translations in Hungarian.
10
Company Formation in Hungary
• Whether you want to incorporate a limited liability company in Hungary or any other type of structure, our company formation agents are ready to help you.
• Our team of Hungarian specialists can provide you with legal consultancy in order to start a business in this country.
11
Thank you for your attention!
• Please contact us for more information at:
(+44)203-287 0408
www.companyincorporationhungary.com