Company
registration
in Hungary

Hungary attracts IT specialists and entrepreneurs thanks to several key benefits. As an EU member since 2004, it provides access to the single European market. Tax residency is granted upon registration, simplifying tax procedures. A streamlined accounting and tax reporting system reduces administrative burdens, and the government actively supports foreign entrepreneurs.

Benefits of doing business in Hungary with Finevolution

• Full company registration within agreed timeframes
• Assistance with opening a payment account
• Post-registration maintenance
• Accounting & legal support

Company structures in Hungary

Non-residents can register in Hungary under various legal forms, such as KFT, RT, Kkt.

• KFT (Limited Liability Company):
• A popular choice for small & medium-sized international ventures, as there are no restrictions on the number or nationality of founders, allowing foreigners full ownership. Minimum capital is HUF 3,000,000 (~€7,500), which doesn’t have to be deposited in a bank; it can be accounted for as cash in the company.
• RT (Joint Stock Company):
• Offers foreigners the opportunity to acquire both bearer and registered shares. Preferred shares can make up to 50% of the registered capital, while interest shares can be up to 10%. Private RTs need a minimum capital of HUF 5,000,000 (€12,221), and public RTs require HUF 65,000,000 (€158,873). Contributions can be in cash or kind.
• Kkt (General Partnership):
• All partners share full responsibility for business’s activities. At least two partners are required, with one acting as a general partner with unlimited liability, while others have limited liability based on their capital contributions.

From our experience, clients often opt for KFT business registration.

Steps for registering in Hungary

• Initial consultation with Finevolution experts
• Name selection and verification; approval by the Registry
• Document preparation including corporate documents, notarization, or certification at the Hungarian Embassy for remote setups
• Formation of capital
• Company registration — no personal visit required, only signed documents and video call. VAT number is issued automatically after registration.
• Opening a bank account — personal presence is needed, or an alternative via a payment system
• Receiving originals (full set of company documents)
• After registration, it’s essential to have a Hungarian accountant to file monthly tax reports

Registration timeline

Online Hungrian business registration takes up to 30 days. Decisions are made by the Registration Court within 4-5 days. Document preparation, translation, and shipping typically require 2-3 weeks.

Documents required for company registration in Hungary

• 3 name options
• Detailed description of future business activities
• Copies of national and international passports of shareholder and company director
• Proof of address (e.g., utility bill)
• Additional information about beneficiaries: tax identification number, contact details
• Current email
• Legal address
• Company Application Form — signed and scanned

Cost of registration in Hungary

The package includes:

• Full support
• Remote or in-person registration
• Local & VAT number
• Director’s tax number
• Legal address for one year with mail reception

How to open a bank account for the company

Opening a business account in Hungary can be challenging. Banks require proof of local business connections and partners, and the director must be present. The process takes from 2 days to complete compliance checks. Alternatively, company can open an account with a payment system (Revolut, Wise). A registered company can operate freely with a local currency account in HUF.

Taxation in Hungary

• Corporate tax — 9%. Payments are calculated annually, with quarterly prepayments.
• Municipal tax (Local Business Tax — IPA or HIPA):
• An annual tax charged by municipalities, based on income minus direct costs. Unlike corporate tax, general expenses (salaries, office rent, etc.) are not deducted. Rates range from 0% to 2%, depending on the municipality.
• Dividend tax — 15% (subject to double taxation treaties; requires thorough tax analysis)
• VAT — 27%

If you’re planning to register in Hungary, our team will gladly provide business & legal consultations, prepare all necessary documents, and complete business registration in Hungary. Send a request through the form below or a message on Telegram bot/Viber, WhatsApp chat, for consultations. Our working hours are 9:00-19:00 from Monday to Friday.