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FRANCE: 0033 (0) 1 53 57 49 10

Company Formation Hungary

How to Start a Business in Hungary in 72 hours - Chartered Accountants, VAT & Visas

Historically, is has not been easy forming a company in Hungary. But now, there is nowhere else in Europe except for Hungary where your company can be up and running, with a VAT number in just 72 hours! Our experience and expertise takes away any stress you may have in carrying out the process.

We provide an extensive range of services in Hungary including company formation, opening your bank account, registering your business for VAT, locating you physical office space or setting up virtual offices with facilities of telephone, fax and postal mail forwarding all the way through to continuous secretarial and legal services, chartered accountants, marketing experts, translation services, visa applications and licensing.

Requirements for company incorporation in Hungary:

  • Share capital EUR 2,000 has to be deposited and a face-to-face visit to the bank in Hungary is compulsory
  • The company registration number and VAT number are issued at the same time.
  • An accountancy agreement must be in place (either with a Hungarian chartered accountant or your own) before incorporation.

Main forms of Hungarian Companies:

Three most common forms are available that can be exclusively owned and run by foreign citizens without restrictions and without a need for a local director or signatory.

Limited Liability Company (KFT)

  • Most common form of legal entity
  • limited to the amount of capital paid up
  • Minimum share capital 3,000,000 HUF (approximately 10,000 euros) 
  • May be owned by a single individual, several individuals, or a holding company (or a combination)
  • Shareholder(s) are not liable for the company’s operations.
  • Can offer shares publicly to the market or privately to its founders. This is indicated in the company ending: "Zrt" – private or "Nyrt" – public. The minimum share capital for a Zrt is HUF 5M (approx. EUR 18-19K)
  • Must have at least one general partner and one limited partner.

Company Limited by Shares (RT)

  • Shareholder(s) are not liable for the company’s operations.
  • Can offer shares publicly to the market or privately to its founders. This is indicated in the company ending: "Zrt" – private or "Nyrt" – public. The minimum share capital for a Zrt is HUF 5M (approx. EUR 18-19K)

Limited Partnership (BT)

  • Must have at least one general partner and one limited partner.
  • No minimum capital requirement

How can Euro Start Entreprises help?

Dedicated account managers are assigned to your file to assist with your all of your enquiries. Then once the incorporation gets underway, a member of our team will follow your file from beginning to end to ensure that all queries are dealt with efficiently and effectively

Appointments to sign documents and meetings at the bank will be arranged in one day, meaning you can spend more time developing your business instead of dealing with administrative duties. We can manage the rental for the virtual or serviced office if you’re looking for business premises and we have chartered accountants that can submit all the obligatory tax and VAT returns without you having to worry.

If you need more information about company incorporation in Hungary – or about Chartered Accountants, VAT & Visas – please call us on 0033 (0)1 53 57 49 10 or email us from our contact page and we’ll be happy to help. 

Euro Start Entreprises SARL – Limited Liability Company (“SARL”) with capital of 8,000 Euros incorporated in Paris, France under the registration number 500 820 410.
250 bis Boulevard Saint-Germain, 75007, Paris, France
Tel : (France) 00 33 (0) 1 53 57 49 10
Tel: (UK) 0044 (0) 203 445 0916
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