Jurisdiction | Terms of registration of the new company | Registration of a company without nominal service | Annual support of the company without nominal service (from year 2) | Accounting and reporting |
Hungary (KFT) | Terms of registration of the new company 1 month |
Registration of a company without nominal service 5 000€This price includes: company registration, documents with apostille, company maintenance for 1 year, initial compliance check and KYC (Know Your Customer) procedure, registration address for 1 year, registration as a VAT payer, opening one account in a Hungarian bank (with support), delivery of documents . Additionally, services of a local manager are provided - from 3000 €. Separately, it is necessary to pay a deposit for accounting (€1,000), which is included in the last invoice for accounting. |
Annual support of the company without nominal service (from year 2) 2 600€This price includes: maintenance of the company for 1 year, registration address for 1 year, maintenance of the annual compliance check and annual KYC (Know Your Customer) procedure. |
Accounting and reporting from 1 500€ |
Hungary – is a state in Central Europe, famed by thermal springs and the Lake Balaton.
The independence of Hungary was repeatedly attacked by the neighboring countries (Austria, USSR), but, in the end, the country asserted its right on independence. Hungary is the EU member since 2004, and opening a business in this jurisdiction has become even more attractive.
The state with stable economic and political conditions, beautiful nature and European standards of living may be a great place for starting business or even your second home.
Company activity in Hungary is regulated by:
The legislator provides some corporate forms (partnerships, Limited Liability Company, public and private joint stock company etc), but the most preferable is the Limited Liability Company (Kft).
Income tax – 9%.
Tax on dividends from foreign companies – 15%.
VAT - 27%, but reduced rates are also applied to certain groups of goods.
Immediately after the company's registration is necessary to obtain the VAT (VAT) number and submit monthly reports.
Municipal tax - from 0% to 2% of profits.
Social security contributions for employees - 23%.
None.
A country concluded more than 60 agreements on avoidance of double taxation, including Ukraine.
If you are planning to open a company in Hungary, please contact our lawyers for advice:
+38 (098) 737-88-88
We will help you buy an offshore company in Hungary or in any other jurisdiction on the most favorable terms.