Company Registration in Hungary - Business Starting & Setup

Want to set up a firm in Hungary? We can assist you in starting a business or in buying a shelf company in Hungary with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in Hungary includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of Hungary. The total price of company formation in Hungary includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).

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Service packages Legislation Tax System Audit Services
Service packages
Company registration
Legal address per year
Secretarial services for the first year
Fees and duties for the first year
Apostilled bound set of incorporation documents
Nominee service per year
Bank Account Pre-approval
5 780 USD

21 780 USD

22 390 USD

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Corporate Information

Legal system

Hungary is a civil law jurisdiction. The main sources of law are the Constitution, the acts of Parliament, and the governmental, ministerial and municipal decrees. Since Hungary’s accession to the European Union on 1 May 2004, European laws also form part of the Hungarian legal system.

Types of entity in Hungary

The principal forms of business organization in Hungary are:

  • sole trader
  • unlimited partnership (Kkt.)
  • limited partnership (Bt.)
  • limited liability company (Kft.)
  • company limited by shares (Rt.)
  • association (egyesülés)

The most common structure is the limited liability company.


Company name

There is a range of requirements to the company name in Hungary:

  • a company name shall not be identical or similar to the name of an existing company;
  • it must comprise the abbreviation “KFT” (Korlatolt Felelossegu Tarsasag) to reflect its legal form;
  • it must be in Roman letters;
  • it should not contain the following words: ‘Hungarian’, ‘Budapest’ ‘national’, ‘state’, etc;
  • it must reflect at its end if the company is: 1) still under registration – indication ‘bejegyzés alatt’ or ‘b.a.; 2) in liquidation – indication ‘felszámolás alatt’ or ‘f.a.’; 3) in process of voluntary dissolution – indication ‘végelszámolás alatt’ or ‘v.a.’.

Procedure of Company Registration in Hungary

The following steps are required to incorporate a Limited liability company in Hungary:

  1. <b>Hire a lawyer who will represent the company; create the company deed and prepare any other necessary legal document – 1 day </b>: The company must be represented by a lawyer during the registration process.
  2. Apply for registration at the Registration Court (simplified electronic registration) – 2 days: With the effect of 1st March 2012 a tax registration process has been introduced. The Tax Authority examines if the request for company’s registration was submitted to the Court of Registration and whether or not one of the statutory obstacles of the issue of a tax number exists. The Tax Authority refuse to issue a tax number if a hindrance (e.g. tax debt exceeding HUF 15 million) exists regarding a managing director; an owner entitled to represent the company; an owner/shareholder of a limited liability company, etc. The Tax Authority also examines these circumstances and hindrances in case there is any change in the above enlisted persons. The Registry Court receives the application for registration, and after a certificate is issued with the company’s name, address, temporary tax and statistical number and the number of reference of the registration. If the National Customs and Tax Authority consider that the founder or the managing director falls under suspicion according to the above detailed statutory obstacles, Tax Authority does not duly send the tax number of the company to the Registry Court within one working day and the registration process will be suspended for the period of the pending investigation. Companies can be incorporated in 2 ways: 1) By simplified electronic filing - the registration fee: HUF 50,000 and HUF 5,000 for publication fee; incorporation: 2 business days (up to 8 business days). In the simplified electronic filing, the companies must use a standardized template for the articles of association. The companies have to fill in the application form and file certain corporate documents specified by the provisions of law. The simplified electronic registration shall take 1 working hour after the receipt of the tax number from the Tax Authority. If the court does not decide within the 1 hour, the chairman of the registration court must make a decision within 1 business day. 2) By standard electronic filing - the registration fee: HUF 100,000 + publication fee: HUF 5,000; incorporation: 15 business days. If the court does not decide within the aforementioned periods, the chairman of the registration court must take measures to reach a decision within 3 business days regarding the incorporation or the refusal of such application. The company may choose to meet publication requirements by publishing the required information on its website instead of the Company Gazette (Cégközlöny). In the latter case, no publication fees are payable. Simultaneously with the submission of the registration application, the court registers companies with the State Tax Authority (for VAT and income tax purposes) and with the Statistical Office through an online system.
  3. Register for social security – 1 day: The company needs to register with the Hungarian Social Security office.

The formation of a new company in Hungary takes from 2 to 15 days.

Local registered office

As a rule, a Hungarian Limited Liability Company must have a registered office in Hungary. Register of shares, minutes of meetings and accounts should be kept at the registered office.


There are no statutory requirements for a company in Hungary to have a seal.


The redomiciliation of companies to or from Hungary is permitted.

Company Structure


A Hungarian limited liability company should at least have one director. Directors can be either natural persons or corporate bodies. There are no requirements to the nationality of directors.

Directors’ meetings should be held at least once a year to approve the annual report of the company.

The names of directors appear in public records.


Hungarian limited liability companies are not required to appoint a company secretary.


Each Hungarian company must have at least one shareholder. There is no restriction on the nationality or residency of the shareholders. The shareholders can be individuals and/or legal persons.

Shareholders’ meetings must be held at least once a year, there are no requirements as to place of holding of the meeting.

The names of shareholders appear on public records.


The law introducing the Beneficiary Registry came into force in Hungary in June 2017. The deadline for its entry into force was set as January 1, 2019. However, 20 months later, the registry has still not appeared, and no separate website has been created for it. The Hungarian government claims that there is currently no definite date for the entry into force of the register of beneficiaries and it is impossible to predict that date at this time.

However, there is a list of necessary information about the beneficiary that must be included in the registry in the future: Full name, date and place of birth, citizenship, postal address, the basis for recognizing the person as the beneficiary, indicating his share in the company, the affiliation of the beneficiary to politically exposed persons.

It is worth noting that access to information from the register of beneficiaries on a par with the tax authorities will also have anti-terrorist organizations and state security services.

Share capital and shares

Minimal amount of the authorized share capital of a Hungarian limited company is HUF 3,000,000. Within the incorporation procedure each member must deposit his contribution – 50% of monetary assets. The other 50% of monetary assets must be paid within 1 year from the date of incorporation of the company. If there is only one founder in the company, min. HUF 100,000 must be paid within the incorporation procedure.

Shares are not issued. Share of each member is recorded in the deed of foundation or articles of association. Standard par value of shares is 10000 HUF.

Access to company information

Third parties can request the following information on Hungarian companies:

  • corporate registration number,
  • registered seat,
  • address ofbranch (if any),
  • date of registration,
  • principal business activities,
  • amount of subscribed capital,
  • details of auditor (if any),
  • statistical and tax numbers,
  • name and address of Bank in Hungary and account number,
  • members, managers and executive officers data (physical person - name, address and mother's maiden name; legal entity - company’s name, company’ registered seat, company’s registration number, name and location of Court of Registration, etc.)

All documents filed to the Registrar including deed of foundation or articles of association are available to public inspection.

Frequently Asked Questions about Company Registration in Hungary

How much does it cost to start a business in Hungary?
The cost of opening a company in Hungary depends on the type of company to be registered and the type of activity you will be engaged in. The minimum package of services costs USD 5650 and includes: registration of the company on a turnkey basis, lease of the registered office for a year and secretarial services, payment of all necessary duties and fees, as well as apostilled translation of the constituent documents.
How long does it take to set up a company in Hungary?
The process of setting up a new company in Hungary, from applying for registration to receiving a set of documents, is 15 days.
Is Hungary an offshore?
No, Hungary is not commonly viewed as an offshore destination for financial services or for the incorporation of companies. The Hungarian government has taken measures to ensure that its financial sector operates in a transparent and compliant manner, and to prevent the abuse of its tax regime for illegal purposes. Also, Hungary is a member of the European Union and complies with the EU's tax transparency and information exchange standards.
How much is business tax in Hungary?
In Hungary, the corporate tax rate is currently 9%. This rate applies to the taxable profit of Hungarian companies and to the permanent establishments of foreign companies in Hungary. The 9% rate is one of the lowest in Europe and makes Hungary an attractive location for international business. In addition to the corporate tax, Hungarian companies may also be subject to other taxes, such as local business tax, value added tax (VAT), and taxes on employees. The exact amount of tax that a company must pay depends on its size, structure, and type of business activities, as well as its location within Hungary.

Core Services and fees for the formation of a company in Hungary

— Incorporation

Price5 780 EUR

including a registered address for the first year without postal services, preparation and provision of the company’s original founding documents and seal

— Annual government fees


Stamp Duty and Registration Court incorporation fee

— Corporate legal services

Pricefrom 3 300 EUR

including registered address and registered agent, NOT including Compliance fee

—Delivery of documents by courier mail

Price220 EUR

DHL or TNT, at cost of a Courier Service

— Apostilled set of Statutory documents

Pricefrom 400 EUR

Basic set of documents for setup of a company in Hungary

Certificate of Incorporation

Extract from Business Registry

Basic Set of Corporate Documents

Compare Jurisdictions

    Nominee Director

    Pricefrom 16 000 EUR

    Compliance fee in Hungary

    Compliance fee is payable in the cases of: incorporation of a company, renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder), signing of documents


    Price350 EUR

    simple company structure with only 1 physical person

    For legal entity in structure under GSL administration

    Price150 EUR

    additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

    For legal entity in structure not under GSL administration

    Price200 EUR

    additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

    For client with high risk Status

    Price450 EUR

    Signing of documents

    Price100 EUR

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