Company formation and shelf companies in Hungary
Private limited liability company (KFT)
Hungary is a jurisdiction with one of the lowest tax rates in Europe, where corporate income tax is only 9% (from 1 January 2017).
Company formation process is short and includes minimum formalities – both tax identification number and VAT number are issued automatically, which reduces bureaucracy as well as time. VAT tax returns may be submitted on a monthly or quarterly basis.
One of the advantages of managing a Kft in Hungary is the fact that share capital, the minimum amount of which is 10 000 EUR, does not have to be deposited in a bank account and may be spent right after company establishment, e.g. on accounting services, office, etc.
KFT may carry out any type of business activity except industries that require a licence, these are insurance companies, banks, payment institutions.
Kft have a simple structure, you need only one person to form a company who may be both a director and a shareholder.
Hungary guarantees very favourable environment for doing business. Government is entrepreneur-friendly and year by year introduces new regulations that aim to attract foreign investors. The costs of running a company in Hungary are much lower than in most European countries, both in terms of tax rates, employment costs and fees for setting up and managing a company.
All in all, Hungary is a great place for doing business in almost any industry.
Advantages of having a limited liability company in Hungary – KFT:
- Corporate income tax in Hungary is only 9%, which is one of the lowest rates in Europe.
- Relatively low cost of company registration and running a company.
- Low employment costs.
- Fast company formation.
- Quick and easy VAT registration.
- No obligation to deposit share capital in a bank account.
- Entrepreneur-friendly government.
- No obligation to appoint local directors, shareholders or agents providing services to the company.
- Hungary is situated in Central Europe, which is a great location for doing business.
- Hungary is a member of the European Union and is governed by the Community law.
Establishing a Kft in Hungary and registering it for VAT take only a few days.
Choosing Shelfcompanies24, you have one provider offering various services for making your company run smoothly. For the start, we will assist you in establishing a company and registering it for VAT. You may also count on us in the process of opening a bank account. We also provide registered address with virtual office service and comprehensive correspondence handling. Our company also provides accounting.
Our consultants are available to you 24/7. We are committed to solving all client problems as quickly as possible. Company registration in Hungary, together with VAT registration, is just a few days.
Kft may be established remotely on the basis of on a power of attorney, but if you wish to have a bank account in one of the banks located in the territory of Hungary, client presence is required for 3 days minimum. Without visiting the country, we may offer you an account in one of payment institutions or foreign banks.
Putting matters related to setting up and providing services to a company in the hands of Shelfcompanies24, you do not have to worry about anything, we take care of everything and you thanks to that you will have more time to focus on business. We are looking forward to doing business with you!
Do you wish to start the procedure?
Just drop us an email or give us a call and we will send you short list of information that we need. After you provide it to us you can come anytime to proceed with the formalities.