IJJAS LAW FIRM
IJJAS LAW FIRM
COMPANY FORMATION IN HUNGARY
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9% corporate tax, the lowest in the EU
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Online company formation option with remote signing
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Registration within 48 hours
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EU VAT number
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Direct contact with a qualified and licensed Attorney-at Law
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Full service Law Firm - 15 years of experience from London and Budapest
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One Stop packages tailored to the needs of the Clients
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Free initial consultation with our Leading Attorney-at-Law
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Money back guarantee
* Registered office and accounting services are provided by our licensed registered office service provider and accounting partner.
GOOD TO KNOW ABOUT COMPANY FORMATION
In Hungary only a qualified attorney-at-law is entitled to proceed in the course of company formation. Agencies, consultants, accountants and 'legal advisors' without bar qualification are not allowed to represent you at the company court to register your company. If you are looking for a qualified law firm to form your company instead of unqualified agencies and other intermediaries, then you are at the right place. If you do not wish to get into trouble, our advice is to avoid unqualified service providers who are not authorized to register company in Hungary and not authorized to provide legal advise in terms of company formation.
Our Law Firm is registered at the Hungarian Bar Association under registration number 4190. We are qualified and licensed to proceed in the course of company registration at the company court. If you are browsing on other websites offering company formation services in Hungary but you cannot find the name of the law firm and the bar association registration number on the site, you can be sure, that it is not a website of a qualified law firm. If for some reason you do not wish to use our services in the course of the registration of your company, we strongly advise you – for the protection of your own interest - to have it dealt directly with another licensed, bar registered Attorney-at-Law like us and not by agencies or similar intermediaries.
OPEN COMPANY IN HUNGARY ONLINE
The most common company form is the Limited Liability Company (LLC). Non-resident foreign citizens can also be the owners and managing directors of a Hungarian company. The bank account of the company can be opened relatively quickly and a Hungarian and a European VAT number (upon request) is provided to the new company at the time of its registration. The company formation process can be finished quickly because you will have direct contact with a qualified attorney-at-law who has authorization to proceed in the company incorporation at the company court, therefore you will not lose time and money with unnecessary intermediaries. If you have any questions in relation to the process, you can contact Dr. Balázs Ijjas Attorney-at-Law directly for an initial free consultation by filling out the below form or by calling us:
Dr. Balázs Ijjas
Attorney-at-Law
Corporate Law Expert
Call us now:
ADVANTAGES OF COMPANY INCORPORATION IN HUNGARY
Hungary offers the lowest corporate income tax rate in the European Union (9%), which is one of the lowest rate in the world. Due to the introduction of the above low tax rate and its existing membership in the EU, Hungary is a popular and unique destination for company formation and for tax planning for businesses from all over the world. You can sign the incorporation documents remotely as well, therefore opening a company can be completed without you coming to Hungary. The fee of remote signing is included in our fee, therefore you will not need to pay additional authentication, notarization or apostile fee if you prefer the remote signing option.
QUICK COMPANY FORMATION
The company formation process can be finished within two business days from the filing of the signed incorporation documents. Our Law Firm is specialized to company incorporation and corporate law. We represent Clients during the registration process and provide legal advise in the course of the operation of their businesses. As an initial step of the company registration process we offer free phone consultation about the process and free company name availability check. Book your free initial phone consultation with our Attorney-at-Law on +36306237651 or send us your query via email.
SIX FACTS ABOUT US
1. Full Service Law Firm specialized to company incorporation and corporate law
2. 15 years of experience from London and Budapest
3. Our Law Firm is registered at the Hungarian Bar Association under registration number 4190. We are qualified and licensed to proceed in the course of company registration at the company court
4. You can deal directly with a qualified, bar registered, licensed Attorney-at-Law instead of unqualified agencies or intermediaries with additional agency and referral charges
5. Free initial consultation with our leading Attorney-at-Law
6. Money back guarantee
DID YOU KNOW THIS ABOUT COMPANY REGISTRATION?
Did you know, that nominee managing director is not allowed by Hungarian Law?
If you do not wish to get into trouble, our advice is to avoid unqualified service providers who offer nominee director or similar services which is against the Hungarian Law.
If for some reason you do not wish to use our services in the course of the registration of your company, we strongly advise you – for the protection of your own interest - to have it dealt directly with another licensed, bar registered Attorney-at-Law like us and not by agencies or similar intermediaries.
Our office is located in the award winner premium category Roosevelt office building in the heart of the City next to the Four Seasons Hotel Gresham Palace Budapest within a couple of meters from the river Danube and the Chain Bridge, the Hungarian Academy of Sciences and St. Stephen’s Basilica.
Email: office@ijjaslaw.com I Phone: + 36 30 6237651 I Roosevelt Office Building, C Tower, 1st floor 7-8 Széchenyi István square, Budapest, 1051
Hungary
MORE INFORMATION ABOUT COMPANY REGISTRATION
Practical advice: you can find more information about company registration in Hungary on the following official EU site:
http://eugo.gov.hu/starting-business-hungary
If you have any specific question in relation to the company formation process, you can contact us to schedule a free initial call with our expert lawyer.
COMPANY LAW & INCORPORATION PROCESS
The Hungarian company law defines the rules of company incorporation in Hungary. Only a qualified attorney-at-law is entitled to represent you in the course of the company registration process at the Hungarian company court.
Practical advice: you can find more information about company law and company formation in Hungary on the following official EU site:
http://eugo.gov.hu/doing-business-hungary/company-law
BENEFITS OF COMPANY REGISTRATION IN HUNGARY
1. Favourable Tax System: Hungary has a favourable tax system for companies, including a low corporate income tax rate of 9%.
2. Stable Political and Economic Environment: Hungary has a stable political and economic environment, making it a favourable destination for business and investment.
3. Highly Educated Workforce: Hungary has a highly educated and skilled workforce, making it an advantageous destination for companies in industries such as technology, engineering, and finance.
4. Access to the European Market: Hungary is a member of the European Union, offering companies access to a market of over 500 million consumers.
LEGAL ENTITIES FOR COMPANY INCORPORATION IN HUNGARY
When incorporating a company in Hungary, there are several legal entities to choose from. The most common types of legal entities include a limited liability company (LLC in Hungarian: Kft.), a single member limited liability company (LLC), private company limited by shares (PLC), and a branch office. The limited liability company (LLC) is the most popular type of legal entity in Hungary. An LLC is a separate legal entity from its owners, and the liability of the owners is limited to the amount of their share capital. This type of legal entity is usually ideal for business owners or entrepreneurs who want to start a business in Hungary. A branch office is not a separate legal entity but an extension of a foreign company. This type of legal entity is ideal for businesses that want to expand their operations to Hungary without setting up a new legal entity.
COMPANY INCORPORATION AND ELECTRONIC ADMINISTRATION
Incorporating a company in Hungary involves several steps, including registering the company with the relevant authorities and obtaining a tax number. The process can be completed online with the assistance of a qualified attorney-at-law through the electronic administration system of the company court, which makes it easy for foreign investors to set up a business in Hungary.
MANAGING DIRECTOR AND MINIMUM SHARE CAPITAL
A managing director is a key position in a Hungarian company, responsible for the day-to-day operations of the business. The appointment of the managing director shall be registered at the company registration office of the company court. The minimum share capital required to set up an LLC is HUF 3 million (approximately €8,000).
TAX RATES AND SOCIAL SECURITY
Hungary has a favorable tax system for businesses, with a corporate tax rate of 9%. Additionally, the country has several tax incentives for businesses, including reduced tax rates for small and medium-sized enterprises (SMEs). Social security contributions in Hungary are based on the salary of the employee and are paid by the employer. The contributions cover health insurance, pensions, and other social benefits.
EUROPEAN UNION VAT NUMBER
As a member of the European Union, Hungary uses the EU VAT number system, which allows businesses to trade within the EU without paying additional VAT. To obtain an EU VAT number, businesses must register with the Hungarian tax authorities.
CHAMBER OF COMMERCE AND LOCAL BUSINESS TAX
All businesses in Hungary must register with the local Chamber of Commerce, which is responsible for promoting economic growth and supporting businesses. Additionally, businesses are required to pay a local business tax, which is based on their annual revenue.
CONCLUSION
Hungary is a favourable destination for company formation, offering a range of benefits, including a favourable tax system, a stable political and economic environment, a highly educated workforce, and access to the European market. Companies can follow a simple and straightforward process to form a company in Hungary and start conducting business.
