Articles - Company Formation Hungary

Open a Trust in Hungary

Foreigners are allowed to open a trust in Hungary, a structure that is designed for asset management purposes. It must be noted that foreigners do not need to have a residence permit issued by the Hungarian authorities in order to register this type of entity, making it a very attractive…

Open a Foundation in Hungary

Law

Foreign investors can set up their operations in Hungary through a variety of structures. They can incorporate commercial companies or non-for-profit structures (which can take the form of associations or foundations). Those who want to open a foundation in Hungary must abide by the requirements of the Hungarian Civil Code.…

Fiscal Representative in Hungary

Law

A fiscal representative in Hungary defines the entity that is appointed as the tax representative of a company, who will handle various formalities established by the Hungarian authorities. While for some companies, there isn’t a legal obligation to appoint a fiscal representative, for others, it is mandatory in order to…

Payroll in Hungary

Law

Payroll in Hungary refers to all the accounting procedures and other formalities related to the taxation of employment. Payroll refers to the calculation of the employment taxes, benefits, bonuses, vacation days, sickness benefits and many others. Payroll is a procedure that falls under the responsibility of our accountants in Hungary…

Register a Limited Company in Hungary

Law

Reasons for investing in a Hungarian limited liability company Being a country with low taxes and a stable economy, Hungary represents a very attractive country to set up a company, and the preferred by foreign investors is the Hungarian KFT (limited liability company). The incorporation period is rather short and it adds to other advantages…

Buy a Virtual Office Package in Hungary

Law

With a virtual office in Budapest, your business will benefit from the presence of a high-profile office at a fraction of the cost of a traditional office, which can be ideal if you want to open a company in Hungary. Our company has vast experience in company formation services and can also assist you in purchasing the services…

Open a Cryptocurrency Company in Hungary

Law

Investors who want to open a cryptocurrency company in Hungary have to take into consideration a few aspects, such as the formalities for the issuance of a crypto license in Hungary. One of the most important matters is that cryptocurrency is not considered yet a legal tender. However, the Hungarian authorities are actively working at creating…

Open a SPV Company in Hungary

Law

An investor planning to open a SPV company in Hungary makes an important step towards risk minimization. The special purpose vehicles (SPVs) are enterprises representing an important protection element from bankruptcy or other losses. Our Hungarian company formation experts can help you establish a SPV company in Hungary and safely continue your business in this country. Advantages…

Hungarian Holding Company

Law

The Hungarian holding company represents a legal entity that is created for the purpose of holding shares in other companies, and its main role is to create a group of businesses. What is the role of a holding company in Hungary? Basically, a holding company doesn’t have business activities like producing goods or providing services. Its main responsibility is…

Company Liquidation in Hungary

Law

The purpose of company liquidation in Hungary is to dissolve a company and satisfy the claims of its creditors. The legal grounds for company liquidation are set forth in the Bankruptcy Act. Any company in Hungary that wants to end its activities needs to observe the proceedings for this purpose as described by law (our team provides…