Company Registration in Hungary
Capital: Budapest.
Official languages: Hungarian.
Currency: forint.
Company registration provides the following benefits:
- Good reputation of the jurisdiction.
- Low corporate income tax rate.
- Signing agreements on the elimination of double taxation with a large number of countries.
Hungary is an independent European state bordering Romania, Serbia, Austria, Slovenia, Serbia, Croatia, and Ukraine.
Over the past few years, Hungary has shown great growth in economic development, as evidenced by the annual GDP movement of more than 5%. Effective reforms are aimed at improving legislation. The regulation of investor activities is being improved, which leads to an increase in entrepreneurs who want to open a company in Hungary.
Taxation and Reporting Features
Corporate Income Tax:
- Standard rate: 9%
- R&D and Innovation Benefits: Reduced rates available
- Tax reliefs for small businesses
VAT:
- Standard rate: 27%
- Reduced rates: 5% (medicines, certain foodstuffs)
- Exemptions for export services
Dividends:
- 15% withholding tax for residents
- Exemptions available under double tax treaties
Company registration in Hungary is managed by the Hungarian Company Registry. The chosen company name must be unique and approved by the Registry.
To register a company, directors must submit an application containing the essential details of the company. This includes required documents like the articles of association, identification papers, and proof of registered office address.
Once the company is formed, the registration details become publicly accessible in the Hungarian Company Registry. Following this, it is necessary to register with the Hungarian Tax Authority for tax purposes.
At the time of registration, the company must have:
- A Tax Identification Number issued by the Hungarian Tax Authority — essential for tax purposes and bank transactions.
- Articles of Association notarized or certified by the registry.
- Evidence of sufficient capital deposited in a Hungarian bank account, stating the company name and shareholders' details.
- Receipt for the payment of registration fees and other statutory charges.
Public Limited Company (KFT) in Hungary
- Limited liability
- Minimum 1 director / 1 shareholder
- Simplified business structure
Tax Rates in Hungary
Additional information
- Financial reporting: Mandatory annually under Hungarian GAAP
- Audit: Required for medium and large companies
- Annual Return: Due within 30 days after fiscal year-end
- Tax return: Corporate Income Tax Return to the NAV
- Employer's Return: Required if there are employees
- Registers: Shareholders and directors must be registered
- Directors' details Publicly accessible in the company registry
- Shareholders' details Available to the public
- Financial reporting Confidential and not publicly disclosed
Timeline and Stages
- 01
Preparation of documents and company name selection
1-2 days - 02
Checking name availability in the Hungarian Company Register
1 day - 03
Submission of incorporation documents
1 day - 04
Receiving the Court of Registration and Tax Identification
7 working days - 05
Setting up a corporate bank account
2-4 weeks
The bottom line
Every business is unique and the decision to register a company in Hungary should be based on the specific needs and strategy of the business. We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in Kazakhstan in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
Cost calculation
Add the required options for your company:
FAQ
Can you register a company remotely?
Yes, in most cases — you can.
Remote company registration is available in the vast majority of popular jurisdictions today. Modern corporate services, electronic document management and professional registered agents make it possible to complete the entire registration process without being physically present in the country.
The process typically works as follows: you provide the required documents electronically, sign them remotely — via a notary, apostille or electronic signature — and a local registered agent handles all communication with government authorities and document submission on your behalf.
This has been made possible by several factors: most countries allow foreign founders and directors, corporate service providers operate remotely across the globe, and the digitisation of government registries has significantly streamlined and accelerated the procedures.
The one step that may still require in-person presence is opening a corporate bank account — however, even here many banks and fintech platforms now offer remote identity verification.
What documents are needed for registration?
Registering a company in most jurisdictions requires a standard set of documents. For individuals — founders and directors — the typical requirements include: a certified copy of a passport, proof of residential address (utility bill or bank statement no older than 3 months), and in some cases a bank reference letter or CV.
For corporate shareholders, the required documents include: certificate of incorporation, articles of association, register of directors and shareholders, and confirmation of the ownership structure.
Do I need to keep accounting records and submit reports?
Accounting and reporting requirements vary significantly depending on the jurisdiction. In most countries, companies are required to maintain proper bookkeeping, file annual financial statements and submit tax returns.
At the same time, there are a number of jurisdictions where reporting requirements are minimal or effectively non-existent for non-resident companies. These include, for example, the Marshall Islands, the Cook Islands, Panama, Belize, Seychelles and Vanuatu — in these countries, companies that do not conduct business within the territory of the registration state are generally exempt from mandatory financial reporting and audit requirements.
We provide full company administration services, including preparation and submission of annual reports, liaison with local authorities and ensuring full compliance with all corporate requirements of the jurisdiction.
Is it possible to open a bank account for a company?
Yes, opening a corporate bank account is possible for virtually any jurisdiction, however this process deserves careful attention. Today businesses have two main options: traditional banks and fintech platforms.
Traditional banks offer a full range of financial services, but account opening requirements have become increasingly stringent — KYC procedures, source of funds confirmation, business plans and in some cases in-person presence may be required. Fintech platforms — such as Wise, Airwallex, Revolut Business and others — open accounts significantly faster and remotely, making them a popular solution for international companies at an early stage.
Is it possible to use nominee directors?
Yes, the use of nominee directors and shareholders is a common and legitimate practice in international corporate structuring. A nominee director is formally listed in the company registry but acts exclusively in accordance with the instructions of the beneficial owner, providing an additional layer of privacy.
This service is particularly in demand in jurisdictions where information about directors and shareholders is entered into a public register — for example, in Cyprus, the United Kingdom, Malta and a number of other EU countries. In offshore jurisdictions, nominee services are also widely used to simplify corporate governance and protect ownership structures.
We provide nominee director and shareholder services for any jurisdiction we work with.
