Company formation in Hungary
- € 945 + vat as applicable
- registration in 1-2 weeks
- virtual office
- premium tax saving solution
- EU vat number immediately
- fast preparations in email
- assisted by lawyers and professionals
- safe and secure guided procedure
- from € 120 + vat /mo
- English speaking accountant in Budapest
- qualified with high level of experience
- experienced in Hungarian GAAP
- experienced professional in IFRS and group reporting packages
- fair prices
- responsive service
- statutory tax returns
- tax advisory
- tax structure counseling
- balanced tax risk considerations
- statutory audit based on Hungarian GAAP
- auditing based on ISAs
- auditing transformations
- auditing in-kind contributions’ valuation
- risk based approach
- payroll computation
- employee registration
- payroll tax reporting
- income certificates
- personal income tax return preparation
- double taxation matters
One-stop-shop company registration in Hungary
Let your business managed by our team right from opening the company through its complete lifespan.
Opening a company in Hungary is an easy procedure, and it usually takes 1-2 weeks. Although there are several types of companies we recommend limited liability company (kft). This has minimum share capital requirement of HUF 3,000,000 (cca eur 9,400), and the liability of the owner is limited by the share capital. The initial capital can be paid in cash immediately at company registration or later by bank transfer until a specified future date.
We provide virtual office as seat address which includes mail scanning and mail forwarding.
As part of our company registration service you can opt to choose special tax saving solution with premium registration.
All our fees include initial consultation about the new company, preparing the incorporation documents, tax registration, lawyer fees, state fees, company address and delivery proxy for 1st year. EU vat number is available already at the time of opening the company in Hungary.
Tax compliance and accountancy
Having completed with the company registration you can further use our team to manage tax compliance and accountancy for you. Therefor you’ll get rid of the lengthy and tiring process of researching for a suitable accountant in Hungary.
In Hungary every company shall keep record of its accounts, and in order to do so you will need the help of a qualified accountant. He will manage your company’s invoices and books, and will prepare the necessary tax returns and annual report. The accountant will prepare the payroll and salary calculations for your employees, and will inform you about the taxes that you have to pay.
Above certain threshold limit companies in Hungary shall have their annual reports audited, and so they shall hire a qualified auditor, who is licensed for carrying out statutory audits.
AccountingBudapest provides accounting, tax, payroll and audit services in English and Hungarian, so you will be able to keep personal contact with your English-speaking accountant who will help you in company matters. This will guarantee that your company will meet the strict deadlines in taxation and reporting. The English-speaking accountant will help you in dealing with Hungarian administration and official mailing as well.
AccountingBudapest also provides help in setting up your company in Budapest. You may require general consultation on how to do business in Hungary, or in a particular business matter.
With more than ten years of experience and international practice AccountingBudapest will be happy to offer you either accounting or audit services.
To get a free quote send us a message.
Is company formation in Hungary limited in any way to foreign nationals and are there any differences in the process?
This question may arise in setting up a company for a foreign national in Hungary. What are the primary steps before founding? For example, register for a client portal account, or acquire a tax identification number or a TAJ (health insurance) number? In what form of relationship can you be an executive of the company? Who can be a delivery proxy?
The most significant change in the EU VAT system in 2020 was the tightening of the conditions for the application of the Community tax exemption with the ‘ must have EU vat number ‘ criteria, and the proof of exportation of a product to another Member State. However, a number of questions have been raised,
For particular tax, accounting and audit questions please contact us. The objective of Doing Business in Hungary 2019 is to provide guidance on the business environment in Hungary for those decision-makers who are interested in engaging in business activity in Hungary. The publication focuses on the general overview, like currency, climate, cost of living, bankink, and
From our article you will learn the basics of corporate tax in Hungary, like what is the tax rate, what expenses are deductible, what rules relate to depreciation, provisions, loss carried forward. Taxpayer All business companies are subject to corporate tax regime, and shall pay corporate tax (“társasági adó” or “TA” or “TAO”) on their
Before engaging in a company formation in Hungary we present you this short summary on the taxation of business associations. Should you have any further queries relating to establishing a company in Hungary please feel free to contact us. Corporate and dividend tax The profit of companies is subject to corporate tax. 1. Taxable person of
The government’s company portal system goes fully live from 1 January 2019, which may block companies’ tax administration if not arranged. The company portal has been on the table since August 2017, though it might have fallen out of the lights after the National Tax Administration (NTA) confirmed at the end of the last year
We would like to call our clients’ attention to that as from 1 July 2018 the invoicing rules will change in Hungary. Starting from that date paper based invoices will be greatly discouraged by the government. This means that those companies which will continue using paper based invoices will face administrative difficulties. It mainly means that the company
When you decide to open a new company in Hungary and enjoy the benefits of the Hungarian economic environment you will probably face the question: what type of company suits me the best? The most popular is opening Kft company – but do you know what are your other options? In this article you will
There has been a couple of weeks passed on since the latest administration nuisance: Company Portal registration became available, and we released our first news about. Below we give a more detailed overview of Company Portal administration. What’s it good for? Company Portal is an official storage space available to business organisations. According to the
Attention: new company administration task to register for company gate by 30 August 2017 – a new legislation suggests. Hungarian legislation lays down requirement for all business organisations to arrange their official affairs through a safe, secure and verified electronic connection with government offices and utility companies. According to new government regulation business organisations shall
Besides corporate tax there is also another profit based tax in Hungary, the so called local tax. Town municipalities levy and collect local taxes as to contribute to municipality liabilities. While in opposition: corporate tax is collected by central government. There are four main classes of local taxes: local business tax; property tax; tourism tax;
As a company owner or manager it’s worth knowing that telephone services will imply significant extra costs if you don’t pay attention. The law by default assumes there was private usage, and this does prohibit deducting the VAT of the expense. For this reason the VAT act applies the 70% rule on deductibility: meaning that 30% of
Basic information The value added tax is called „Általános forgalmi adó” or simply „Áfa” in Hungarian. Hungary is a member state of the European Union. Non-Hungarian entities are required to register for Hungarian VAT if they perform business transactions in Hungary. The main source of Hungarian VAT regulations is Act CXXVII of 2007 on