When you have a business idea you want to make reality, you don’t want to waste time with unnecessary administration. Hungary offers the fastest company incorporation procedure in Europe.
Founding a limited liability company in Hungary only takes 2-3 business days. Our lawyers prepare all necessary paperwork in advance, including the articles of association. If you are short on time, you can also send us a Power of Attorney to initiate the process. In this case, you do not need to travel to Budapest for the incorporation. Rather, you can time your visit so that you arrive once your company is already up and running. This way, you only need to spend one day in Hungary to open your company bank account.
In some countries, getting an EU VAT number is a lengthy and complicated process. You might even be asked to submit contracts and bills to document your trade relations. Even with all the necessary papers, the process might take well over a month to complete.
Conversely, all Hungarian companies get an EU VAT number automatically. Thus, there is no extra documentation that you need to submit or criteria you need to fulfil. Furthermore, there is no waiting period: your EU VAT number is valid and fully functional from the day of incorporation. This way, you don’t need to waste any time and you can start trading right away.
For more than 10 years, we have worked with foreign businessmen, helping them incorporate and run their Hungarian company. We have created a trusted network of English-speaking professionals to guide you through the incorporation process. Helpers is a one-stop-shop for all your business needs: legal services, accounting and bookkeeping, virtual office and mail forwarding – you name it!
Company owners are allowed to take dividend from the profit of the company. From 2019 January, regulations on dividend tax change: instead of the health contribution, a social contribution tax is to be paid to the tax authority. Personal income tax AsRead More