Head of International Corporate Law and Fintech Practice
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.
BUY A READY BUSINESS (COMPANY) IN HUNGARY
Why should you choose Hungary to acquire a business?
If you want to buy a ready-made business abroad, one of the most advantageous options would be a European jurisdiction, in particular Hungary. There are several reasons to choose this country.
- Firstly, Hungary is a member of the European Union, so companies registered in it will have the right to operate in the EU single economic market.
- Secondly, the country continues to implement a loyalty policy for a company owned by foreigners, which is expressed in reduced taxation, the availability of benefits and simplified registration systems, etc.
- Finally, Hungary has a convenient location relative to Ukraine, which will be especially relevant for those who plan to set up interaction between a company in Ukraine and a company in Hungary.
Other advantages of purchasing a ready-made company in this country are the following:
- the level of transparency of the Hungarian jurisdiction, which consists in compliance with KYC and AML requirements to combat financial fraud and illegal transactions with company assets;
- the lowest corporate tax rate compared to other European Union member states – only 10% (with a tax base of up to 1.8 million euros);
- Direct acquisition (re-issuance) is available remotely, with the possibility of issuing a power of attorney to a responsible person to perform individual operations (for example, re-issuance of a company’s current account) if necessary.
Procedure for buying a business in Hungary
In previous materials, the lawyers of the Law Firm “Prikhodko & Partners” have already analyzed the features and subtleties of business registration in Hungary, which can be found at the links where the articles about opening an account for a company in Hungary and its direct registration.
In this same article, we will analyze the stages and basic documentation required to register a ready-made company in a given country.
In order to successfully buy a ready-made business in this country, you need to go through the following mandatory stages:
- search for a company for a future re-registration operation;
- conduct a legal audit (due diligence) of the company to be purchased, which involves checking the absence of debts, its relationship (or beneficiaries) to criminal activity, the location of the operating office, its main activities, etc.;
- prepare documents for re-registration in an official manner (for individuals – passport, tax code, director’s resume (if necessary), for legal entities – an extract from the unified register of legal entities, Charter, Protocol on foundation, data on beneficiaries and director);
- negotiate with representatives of the company regarding the procedure and timing of such re-registration;
- make the necessary changes to the company’s documents, changing the identity of the owner, director, types of activities (if necessary), and having them officially registered through a Hungarian notary.
Terms and cost of purchasing a ready-made business in Hungary
The duration of such a procedure is on average 1 month and may vary depending on various factors:
- the need to conduct a preliminary legal audit and checks of company documents;
- re-registration as an individual or legal entity;
- the activities of the company that the customer wants to acquire (whether it is licensed, whether it involves the re-registration of several current accounts that were opened during the company’s activity, the number of regulatory authorities to which it is necessary to report on the re-registration of the business, etc.).
The specifics of the change in the cost of purchasing a ready-made company in Hungary are given in the table.
| Reissue (purchase) cost limit | Company (business) type |
| from 700 euros + VAT | newly created business (“zero”) |
| from 1500 euros + VAT | a business with active operations that has been in existence for over 1 year |
| from 2500 euros + VAT | a business that conducts licensed activities and has favorable financial indicators and significant experience (over 2 years) |
The main difficulties when buying a ready-made business in Hungary
Buying a ready-made company in the specified country can be a profitable investment, but this process is also accompanied by a number of difficulties, which include:
- compliance with legal aspects – norms for re-registration of companies and transfer of ownership rights to assets in possession;
- reducing the risk of financial fraud – identifying debts and obligations, maintaining transparency when verifying financial statements and licenses in specific industries (medicine, construction, etc.);
- overcoming language barriers – conducting negotiations with a representative of a ready-made business without knowledge of the language and local characteristics;
- mandatory payment of taxes and submission of correctly completed reports – avoiding unwanted fines or other sanctions.
Buying a ready-made business in Hungary requires careful preparation and attention to detail to avoid financial and legal risks. The lawyers of the International Corporate Law and Business Migration Department of Prikhodko & Partners Law Firm will help you with this.
Support from lawyers of the Law Firm “Prikhodko & Partners” when purchasing a ready-made business in Hungary
Specialists can provide a range of legal services for the successful purchase of a ready-made business (firm) in Hungary, consisting of:
- assistance in finding a company relevant to the customer’s requirements and its high-quality due diligence;
- collection of all necessary documentation, its correct execution and official certification of copies of documents (if necessary) for further purchase;
- legal analysis of agreements with the seller (representative of a ready-made business), documents from his side, negotiations and necessary approvals in the procedure, cost and its duration;
- support in carrying out the direct procedure for re-registration and making changes to documents from the seller (with his prior consent);
- connecting a competent accountant for further business support, submitting all necessary reports and avoiding unwanted financial sanctions (if necessary).
Conclusions
Buying a ready-made company is a profitable investment for entrepreneurs who want to expand their activities into the European market.
Hungary is an attractive destination for purchasing a ready-made business due to its EU membership, low income tax and convenient geographical location.
It is necessary to thoroughly check the company, complete all legal formalities and ensure further accounting support of the business before purchasing it. Turning to experienced lawyers will help minimize risks and ensure the safety of your investments.
Lawyers of the Law Firm “Prikhodko & Partners” are ready to provide you with comprehensive legal assistance at all stages of purchasing a ready-made business (firm) in Hungary. To receive professional advice, fill out the form below.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Hungary?
3 question
Do you need company registration in Hungary?
4 question
Do you want to buy a ready-made business in Hungary?
5 question
Do you need advice on Hungarian taxes?
6 question
Do you need to open a bank account in Hungary?
7 question
Do you need a work permit in Hungary?
8 question
Do you need to rent an address for a company or a virtual office in Hungary?
9 question
Do you need accounting support for a business (firm) in Hungary?
10 question
Do you need legal support for a business (firm) in Hungary?
11 question
Do you need a legal audit or business due diligence in Hungary?
12 question
Do you need marketing support for a business (firm) in Hungary?
13 question
Do you need business logistics (transportation services) to Hungary?
14 question
Do you need a business loan in Hungary?
15 question
Do you need a consultation urgently?
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Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)

