Hungary Company (Kft / Zrt) Formation and First-Year Fees – USD 3,400.00 (All included)
Note that our incorporation and annual fees are all “all-included fees”, and cover all the required services, duties, disbursements, and procedures to incorporate a company in Hungary, and keep it in good standing.
- drafting the Constitutive Documents of the Company;
- drafting the Declaration and Deed of Establishment of the Company;
- drafting the Director’s Acceptance Letter and Declaration;
- drafting and executing the Statues’ Approval Declaration;
- executing the Constitutive Documents and the Incorporation Deed before a Notary Public;
- settling Notary Public fees, and obtaining Notarial Certificate;
- filing the Constitutive Documents with the Registration Court
- settling the applicable Registration Court fees and duties;
- lawyers’ fees for power of attorney and execution of documents;
- preparing and executing the share transfer documents;
- registering the Company with the Tax Office for corporate tax and VAT purposes, including the mandatory declaration.
- providing registered office services for one (1) year
- providing secretarial services for one (1) year
- registration with VAT and corporate tax.
Time to form
We will incorporate the company and we will sign the deed of establishment before the notary. We will file the deed with the Registration court and we will act as the first director and shareholder of the company. Once the company is incorporated, we will open the bank account. The reason why we are the first shareholders and directors is that all Hungarian companies must have an Hungarian bank account, and in order to open a bank account, the shareholders and directors must be present in the bank. This will be accomplished within 1 week.
We act as first shareholders and directors so we can open the bank account. Once the bank account is opened, we will produce the power of attorney, share transfer documents to transfer the company to you (or to the corporate shareholder). The share transfer and appointment of director documents will be signed by us on your behalf using a power of attorney that you will need to be sign before our lawyer but videoconference call is accepted. Once the power of attorney is signed by you during the videoconference, you will send the originally signed documents to Hungary, and we will execute share transfer documents and director appointment, and we will file such documents with the Registration Court. This process takes another week.
Alternatively, you may sign the share transfer and director documents in an Hungarian embassy.
The bank account will be dormant until you come to Hungary and update signatories of the account in the branch.
Please note that once the company is incorporated, you will need to visit the Hungarian embassy in order to register yourself for government e-services (Gateway). This is a substantially simple procedure.
If you are in Hungary at the time we begin the incorporation process, we may not need to act as first shareholders though, and you may act as such first shareholder, without needing a share transfer, and open the bank account directly while you are present in Hungary.
Bank Account Opening Services (Optional)
All Hungarian companies are required to have a Hungarian bank account.
We can assist you in open bank accounts for Hungary companies in the following offshore jurisdictions:
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Hungary Company Annual Fees – USD 2,100.00 (payable one year after incorporation and annually thereafter)
- providing registered office and address services for one (1) year
- providing secretarial services for one (1) year
- maintaining minute book and statutory records
- preparing and filing the annual return
Accounting and Tax Services (Optional)
- preparation and filing of VAT returns – starts at USD 200 per period (monthly, annual or quarterly) plus USD 50 for intrastat declarations and VIES;
- preparation of company accounts and filings – starts at USD 500;
- ongoing accounting and book-keeping – starts at USD 150 per month;
- payroll services (social security, withholding) – USD 100 per month per employee;
- preparation and submission of corporate tax returns – starts at USD 500.
Please, contact us for further information.
Incorporate in Labuan (Malaysia)
1 × $4,300.00 
Incorporate in Singapore
1 × $550.00 
Incorporate in Anguilla
1 × $2,500.00 
Incorporate in Antigua and Barbuda
1 × $2,600.00 
Incorporate in Barbados
1 × $8,500.00 
Incorporate in Belize
1 × $1,750.00 
Incorporate in Bermuda
1 × $9,700.00 
Incorporate in British Virgin Islands
1 × $2,350.00 
Incorporate in Cayman Islands
1 × $3,550.00 
Incorporate in Curacao
1 × $4,800.00 
Incorporate in Nevis
1 × $2,150.00 
Incorporate in Panama
1 × $2,150.00 
Incorporate in Saint Lucia
1 × $2,950.00 
Incorporate in Saint Vincent & The Grenadines
1 × $1,600.00 
Incorporate in The Bahamas
1 × $3,800.00 
Incorporate in Cyprus
1 × $3,900.00 
Incorporate in Estonia
1 × $1,950.00 
Incorporate in Georgia
1 × $1,950.00