Articles - Page 4 of 4 - Company Formation Hungary

Workforce in Hungary

Hiring workforce in Hungary Any foreign or local investor interested in hiring workforce in Hungary should know that the labor and employment sector in this country is regulated by Act I of 2012 (Labor Law). This act contains all the information related to employment in Hungary. If you are interested in opening a company in Hungary, hiring…

The Share Capital in Hungary

The share capital is the amount required for the incorporation of a business in Hungary. While for some entities, there aren't any capital requirements, for others investors have to prepare a large amount to invest in the company. You can find out below some of the most important matters concerning…

Company Liquidation in Hungary

Closing a company in Hungary The purpose of company liquidation in Hungary is to dissolute 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…

Shelf Companies in Hungary

What is a shelf company? A shelf company in Hungary is an excellent option for foreign investors who do not want to register a new company in Hungary. These companies have already been incorporated but have been left dormant, meaning that they have no commercial activities but have all the incorporation documents in…

Accounting Services in Hungary

Accounting requirements in Hungary Most of the available types of businesses in Hungary must comply with the accounting principles in the country and observe the general rules for taxation. Our accountants in Hungary provide complete accounting services that are developed for the needs of any company type. Businesses operating in all economic sectors can benefit from our basic…

Establish a Subsidiary in Hungary

Reasons for establishing a subsidiary in Hungary Subsidiaries are forms of legal entities opened by foreign companies in order to perform commercial activities not necessarily in the same field as the foreign company. The main characteristics of a subsidiary in Hungary and the process of opening this type of office are presented in our table below.…

Double Tax Treaties in Hungary

The double tax treaties signed by Hungary The double tax treaties signed by Hungary were designed with the purpose of avoiding the double taxation of incomes in the country were the foreign investor have residence and in the country were he has invested capital, Hungary in this case. In present, Hungary…

Establish a Branch in Hungary

Characteristics of branch offices in Hungary The regulation of the Branch Offices and Commercial Representative Offices Act CXXII of 1997 must be respected during the commercial activities carried by the branches of foreign companies. The main difference between a branch and a legal entity is that for all the actions of the branch the foreign company is responsible and…

Types of Companies in Hungary

Legal entities in Hungary The main legal document which prescribes the types of companies that can be registered in Hungary is the Companies Act, which grants the right to both resident and non-resident businessmen to incorporate any of the business forms prescribed by it. The following legal entities can be incorporated in Hungary: the limited liability company, the…