Hungary

Doing Business in Hungary

Introduction

Hungary has made the transition from a centrally planned to a market economy, with a per capita income nearly two-thirds that of the EU-25 average. The Private sector accounts for more than 80% of GDP and growth is expected to top 2% for 2013.

IQTESADI can assist you to incorporate a company in Hungary. Budapest is emerging as a major European Business hub and represents great opportunity for entrepreneurs looking to expand their business.

Hungary company incorporation is a tax-efficient solution. Corporate tax ranges between 10% and 19%, however, they can be closer to 10% with the right tax advice. A Hungary company can be fully owned and controlled by international directors and shareholders. There is no requirement to appoint local shareholders and directors. Details of the beneficial owner of the company are not available for public viewing.

Company Information

Why Hungary Company Formation?

Hungarian company formation is not perceived as an offshore corporate structure or a tax haven. Registering a corporate entity in Hungary has many advantages such as low (or in some cases none) capital gains and dividends tax. Hungary can also be an excellent jurisdiction for registering a holding company, as Dividends paid to any resident or non-resident person are legally tax-free. Paid royalties are considered expenditures and can be deducted from Hungary corporate profits. Withholding tax is 0%.

Requirements for Hungary Company Incorporation

  • Only one shareholder and one director is required to fulfill Hungary company formation requirements.
  • A Hungarian company is required to register for Value Added Tax (VAT)
  • Corporate shareholders are permitted.
  • Registered address or virtual office required
  • Minimum share capital – approximately €2000 – this is not mandatory to be deposited
  • An Accountant should be appointed prior to the company application (we can provide this)

IQTESADI can register your company in Hungary in only five working days!

We can also assist you with a range of professional services through our associate office in Budapest, including Hungary Company Formation, VAT Registration in Hungary, Opening of Hungarian Bank Account, Accountancy, Bookkeeping and Taxation services, and domicile/registered office/serviced office in Hungary.

Disclaimer
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. IQTESADI does not accept any responsibility, legal or otherwise, for any errors or omission.