How to set up a company in Hungary

A presentation brought to you by BridgeWest.eu

Types of companies in Hungary

• Limited Liability Company

• Limited Partnership

• General Partnership

• Joint Stock Company

Limited Liability Company

• This type of company can be established by one person

• The minimum share capital requested for this company is about 2000 EUR

• The minimum share capital can be 2000 per person if there are more shareholders that made contributions to the formation of the company

Limited Partnership 

• This type of company has no legal status• This company can be established by at least

two persons• The company should have at least one

general director which has unlimited liability for the obligations of this company, and limited one

• The general director can represent the partnership

• This type of company can be transformed into a Limited Liability Company

General Partnership • This company can be established by at least

two persons

• The shareholders are unlimited to the company's debts and obligations

• The partners are general

• The company do not have a legal status

• The company do not need a minimum share capital to be established

Joint Stock Company

• This company can be established by at least 2 persons

• The company can be formed on the basis of shares which have a predetermined nominal value

• The shareholders have the obligation to provide the issue value of the shares

• The shareholders are not liable to the company's obligations

• The minimum share capital for this type of company is about 16.000 EUR

Steps for company formation in Hungary

• Providing a unique name for the company

• Providing a set of identification documents

• Drafting the registration documents

• Opening a bank account

• Submitting the company registration documents at the Hungarian Trade Registry

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and directors

• setting-up a bank account for the injection of the share capital

• submitting the company registration file at the Hungarian Trade Registry

Requirements for Company  Formation in Hungary

• Any person of any nationality or residence can be a shareholder in a Hungarian company

• The company can have one director

• The company must hold a local registered office

Services Provided for Company Registration in Hungary

• drafting the Articles of Association

• offering a Registered Office in Hungary

• setting up a share capital bank account

• recommending a Hungarian accountant

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.companyincorporationhungary.com

Ph./Fax: (+44)203-287 0408