FiduLink® > Information on the creation of online or offshore companies Online Legal Office Expert in the creation of online offshore company > Developing your business in Hungary essential information to know when you are a non-resident director
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You are self-employed, entrepreneur, business owner and you want to set up your company in Hungary, information is essential to follow good management and develop your business safely.

Have you created your business model for how you want to start your business in Hungary.

Would you like to outsource your activity in Hungary only by creating a branch, or create a new independent structure, to develop your activity on site or elsewhere.

How is the tax system in Hungary, if I hire employees how will it work? What are the amounts of social charges?

How much does it cost me to set up my company in Hungary. The good management of your business starts from the idea until the materialization then the launch and the development.

Let's learn together a few things to know about managing a Hungarian company.

In a few words, in all simplicity, we will send you this essential information for any good manager of a Hungarian company.

These are the different questions to ask?

New Company in Hungary

Let's start from the Principle that you want to create a new structure in Hungary, one that will develop in Hungary, but also outside Hungary.

What are the steps for setting up a KFT company in Hungary Limited Liability Company in Hungary?

  • Reservation of the company name with the commercial register in Hungary;
  • Signature of a domiciliation or rental contract for the space corresponding to the head office of the Hungarian company;
  • Drafting and signing of the articles of association of the company (which most often takes the form of an LLC called KFT in Hungary
  • Opening of the capital deposit account and payment of the share capital
  • Company registration in Hungary


Signing of powers of attorney in favor of the persons who will carry out the formalities before the commercial register. If you go through a firm such as Fidulink, to carry out your procedures without moving.

We offer a remote package allowing you to focus on the essentials: developing your Estonian business, without worrying about the administrative paperwork of setting up your business in Hungary. We have a French speaking team, fully available.

Here is the link of our basic company creation pack Hungary without travel

https://marketplace-fidulink.com/accueil/319-compte-bancaire-societe-sans-deplacement-.html

For a completely remote bank account opening in England or in Europe, you must add the opening of a bank account without traveling to England:

https://marketplace-fidulink.com/accueil/319-compte-bancaire-societe-sans-deplacement-.html

Is it possible to create a company in Hungary without having to travel?


Foreigners who wish to create a Hungarian company do not need to be present in Hungary to carry out these formalities: they can indeed set up their business remotely, by means of powers of attorney by working in collaboration with our incorporation firm in Hungary. , accounting firm, lawyer ...
The founders can, for example, sign the documents (declarations, etc.) in front of a notary who stamps and apostilles them (certification outside your country of residence) from their country of residence and then send them to our agent responsible for carrying out the formalities which will translate them and present them to the Trade Register.

What are the 4 essential facts about KFT in Hungary?

  • Time limit for incorporation of a Hungarian company On average 10 days
  • Minimum capital to deposit for a company in Hungary: 500 HUF (000 €) must be fully paid up
  • Number of directors for a KFT in Hungary: only 1 minimum required
  • Minimum number of shareholders for a KFT in Hungary
    1 minimum required

A standard income tax rate in Hungary is 9%.

This tax will apply to foreign companies with a local subsidiary that generate sales in Hungary or an independent Hungarian company.

EMPLOYEE AND EMPLOYEE EXPENSES

Employer and salary charges from January 1, 2018

Employee contribution rate for January 1, 2020Rate
Illness, Maternity, Disability7% *
Old survivors10%
Unemployment1,5%
* Or 4% for benefits in kind, 3% for cash

The Hungarian minimum wage (Hungarian SMIG) was
161 HUF per month (or around 000 EUR) gross in 500.

Let's talk about the VAT rate in Hungary for your Hungarian business?

The standard VAT rate in Hungary is 27% %

The reduced VAT rates in Hungary are:

  • 18%
  • 5%

These rates apply to products and services related to the general interest of the population.

Do you know if you can invoice with or without VAT

European VAT threshold for the distance selling regime -

VAT sales threshold in Hungary

Member stateVAT threshold WHAT
Hungary8 HUF (€ 800)

For all requests concerning the creation of a company in Hungary with our full support, please contact us by email contact@fidulink.com or visit our website: www.fidulink.com

Page Tag:

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