Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

E-mail

miroshnychenko@prikhodko.com.ua

Phone numbers

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

Business Setup and Support in Hungary

Hungary is a country with an advantageous geographical location in Central Europe, a stable economy and favorable conditions for doing business.

It is an important transit point between Western and Eastern Europe, which makes it an attractive jurisdiction for foreign investors. However, as in any other country, doing business in Hungary has its own legal nuances, and a reliable legal partner is essential for successful operations.

Prikhodko and Partners law firm specializes in international corporate law and fintech, and we are ready to provide comprehensive support to your business at every stage of its development in Hungary.

Peculiarities of legal support for business in Hungary

Hungary has a legal system based on continental law, with a high level of legal stability and a developed regulatory framework for business regulation.

Opening and running a company in Hungary involves compliance with local legislative requirements in key areas such as tax law, corporate law, labor law, intellectual property protection, and competition law.

It is important to understand these specific rules and regulations, as even small legal mistakes can lead to serious consequences and fines.

The main directions where legal support is necessary:

Company registration: In Hungary, there are several forms of organizational and legal structures, among which the most popular are the limited liability company (Kft) and the joint-stock company (Rt). The choice depends on the size of the business, the number of founders and further development plans. It is important to choose the right form to avoid additional tax or legal obligations.
Corporate law: Hungarian corporate law requires businessmen to comply with specific requirements for registration, preparation of corporate documents, securing necessary licenses and permits. We have experience in accompanying this process, which allows our clients to quickly and efficiently open a company in Hungary and start operations.
Tax planning: Hungary has a favorable tax system, which makes it an attractive place for business. Corporate income tax is only 9%, which is one of the lowest rates in the European Union. In addition, there are benefits in Hungary for foreign investors, in particular for companies making investments in research activities. Our lawyers will help you optimize your tax burden and correctly apply existing benefits.
Labor law: In Hungary, there are clear rules regarding employment contracts, working hours, dismissal of employees and social benefits. Attracting and retaining employees is an important aspect for every business, so legal support in these matters will help you avoid potential legal problems.
Protection of intellectual property: Hungary has a developed system of protection of intellectual property rights, including copyrights, trademarks, patents, etc. If your business is related to technology or innovation, we can help you protect your intellectual property rights.

Legal support for foreign investors in Hungary

Foreign investors who plan to do business in Hungary may face difficulties related to adaptation to the local legal system, language barriers, as well as uncertainty regarding the regulation of certain industries. However, having a trusted legal partner can make this process much easier.

The legal company “Prikhodko and Partners” provides the following services for foreign clients in Hungary:

Consultations on choosing a business structure: We help you choose the optimal organizational and legal form for your business in Hungary, taking into account the specifics of your activity, financial capabilities and tax consequences.
Consultations on banking services: It is very important to choose a reliable bank for opening an account and for further operational activities. We will provide support in collecting the necessary documents for opening a corporate account.
Legal analysis of contracts: Many business operations, such as renting premises, supplying goods or entering into agreements with partners, require careful legal analysis. Our lawyers will help you prepare and check contracts according to Hungarian regulations.
Decisions on tax issues: Since the Hungarian tax system is complex, our experts will advise on optimal tax planning and cost minimization.

It will also be useful: TAX CONSULTATION IN HUNGARY

How to open a business in Hungary: Step-by-step instructions

The process of starting a business in Hungary can seem complicated to those who are not familiar with the local regulations. However, with professional legal support, this process will be much easier.

Here are the main steps for investors who want to start a business in Hungary:

Choice of business form: The most popular business forms in Hungary are the limited liability company (Kft) and the joint-stock company (Rt). The choice of form depends on the scale of the business, the number of participants and other factors.
Company registration: The first step is registration in the Trade Register of Hungary. To do this, you need to submit a package of documents that confirms the creation of a legal entity, the presence of authorized capital and other documents.
Obtaining a tax identification number (TIN): This number is mandatory for all companies operating in Hungary. Without a TIN, you will not be able to carry out any financial transactions.
Opening a corporate bank account: To do business in Hungary, you need to have an account in a local bank, which will allow you to carry out all financial transactions.
Work with labor resources: If your business involves hiring employees, you need to conclude employment contracts, register employees in the social security system and ensure that all requirements of Hungarian labor law are met.

Advantages of legal support from “Prikhodko and partners”

“Prikhodko and Partners” is a company with many years of experience in the field of international corporate law and fintech. We offer comprehensive legal support for entrepreneurs doing business in Hungary.

Here’s why you should choose us:

Individual approach: We carefully study the specifics of your business and develop individual strategies for its successful development on the Hungarian market.
Professional team: Our lawyers have a deep understanding of Hungarian law and will help you avoid mistakes that may arise when doing business in the country.
Speed and efficiency: We know how important it is for businesses to act quickly, so our experts work without delay so that you can focus on the development of your company.
International experience: We work internationally and have experience working with clients from different countries, which allows us to provide highly qualified support to our clients.

Conclusion

Hungary is a country with great potential for business, but in order to ensure successful development in this market, it is necessary to understand the local legal and tax requirements.

The law firm “Prikhodko and Partners” provides comprehensive support, helping to go through all stages of doing business in Hungary — from company registration to optimization of the tax burden and protection of your interests.