Client testimonial

When we decided to start our Hungarian company, we noticed that most info available is in Hungarian. Helpers guided us through all the processes. I can only recommend them.

JOAO PENHA-LOPES, PHD (PORTUGAL) Clever Time Consulting

Blog/News

Setting up a Hungarian Company

Setting up a company in Hungary is fast and uncomplicated. We will walk you through the process in detail in this post. Rest assured, we’ve got your back!

6 benefits of a Hungarian company

With so many countries to choose from, which one is the best for setting up your European company? Let us tell you about the 6 benefits that incorporating a company in Hungary comes with.

Useful Tips

The incorporation procedure can be done via POA or in person, but after the registration the director must be present in Hungary briefly in order to open the bank account. We do our best to keep it simple, and also provide full assistance during client visits.

Company formation in Hungary

Starting a business, that is, setting up a company in Hungary takes only a few days, including VAT registration – making Hungary one of the last countries to issue EU VAT numbers automatically. Combined with a 9% corporate tax, this makes Hungary a prime business and investment destination, ideal for foreign nationals looking for a cost-effective solution or a convenient base in Europe.

Why Hungary?

  • quick and easy incorporation: company registration in 2-3 business days
  • low corporate tax: at only 9%, it is one of the lowest in Europe
  • immediate international VAT number: no wait or extra requirements
  • low starting capital which does not need to be deposited
  • cost-effective setup and maintenance of the company
  • central location in Europe and good infrastructure
  • easy visa and residency options for all nationalities

When incorporating a Hungarian company with Helpers, you will receive all the support needed to get the company up and running. Our start-up package includes full-service incorporation with business registration, VAT registration, opening a bank account, and basic accountancy. Depending on your location and nationality, we may be able to conduct the entire process without you (through power of attorney) – please ask about your options.

If you do not know where to start – or if you do not want to deal with the hassle of starting a business from scratch – consider buying into a local franchise chain. Find out more here.

Pricing

Our START-UP and YEAR-ONE package for EUR 2,500 (+ VAT if applicable) includes the following:

Start-up services:

  • company formation (company registration in person or via POA)
  • company registration tax
  • local and international VAT number
  • bank account assistance
  • documentation in Hungarian and English
  • start-up accountancy (initial reporting towards authorities)
  • personal tax number and social security number for the director
  • chamber of commerce registration (incl. membership fee for the first year)

Year-one services:

  • registered office for one year
  • mail handling and forwarding for one year

Time frame for company registration: complete within 2-3 days of signing

This start-up package covers everything that is compulsory for the company at the start. Additionally, all Hungarian companies must have accountancy at all times, so we require clients to either sign up for accountancy with us, or appoint their own locally licensed accountant. We provide clients with detailed cost calculations for ongoing expenses (accounting, taxes, invoicing software license, and any additional business support services required) in advance if needed.

FAQs

If you order the accountancy service together with the registered seat and mail forwarding from Helpers Hungary, you can make sure that all the official enquiries will reach you and your accountant on time, and your company will never miss a deadline when it comes to administration.

The company will automatically receive an EU VAT number as well as a local tax number upon registration – no need for further paperwork! Every Hungarian company is automatically eligible, so there is no application process. You can start trading with your new VAT number as soon as the company is registered.

You can set up a subsidiary to any Hungarian or foreign company, in this case we will need:

  • a company registration document that contains the parent company’s name, seat address, registration number, and the director(s) name(s) – this document needs to be apostilled or authenticated by a Hungarian Consulate and translated into Hungarian (the latter we can arrange).
  • the details of the director of the parent company (date and place of birth, mother’s maiden name, address)
  • a POA from the director of the parent company (in case he/she is not going to be present in Budapest) – once we have all the details, we can draft this and send it to you – this document also needs to be Apostilled or authenticated by a Hungarian Consulate
  • a POA from the director (and any shareholder) of the Hungarian subsidiary – this document also needs to be Apostilled or authenticated by a Hungarian Consulate

You can set up the company via POA (Apostilled, or authenticated by a Hungarian Consulate) and we can arrange the company registration without your presence. However, the director of the company has to travel to Budapest at least for one day to open the bank account for the company. Alternatively, you can schedule a 3-4 business day long trip and complete the procedure during your stay.

 

One of the advantages of incorporating a company in Hungary is that there is no obligation to deposit the share capital in the bank, and 100% of this capital can be spent immediately after incorporation on company-related expenses. The amount of the share capital is HUF 3 000 000 (cca EUR 10,000). All related services (e.g. accounting services, registered office, or a resident permit application for the director) can be deducted from the share capital, so in case of a tax audit (which is common for foreign owned companies in the first few months) the authorities will not question the whereabouts of the funds. Alternatively, if the share capital is not spent by the time of the audit (on start-up expenses or other deductibles such as wages or office/material costs), you may have to present this amount in cash/on the bank account.

Yes. Helpers offers full-service assistance with setting up a business in Hungary. Hungarian company formation is one of the fastest in the European Union – from the signing of the registration documents, it takes no more than 24-48 hours. VAT registration is also immediate, so you can start working immediately, and take advantage of Hungary’s favorable 10% corporate tax.

Contact Us

Clients are always pleasantly surprised how quick, easy and cost-effective company formation is in Hungary. Get started today!

Send Us a Message

Ask for a Quote

To take advantage of our package deals, get a tailor-made quote for your project, or schedule a free consultation with one of our specialists, please fill in the form below!

Please fill in the form
© 2004 – 2016 HELPERS HUNGARY KFT BUDA BUSINESS CENTER, 1027 BUDAPEST, KAPÁS U. 11-15.