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.
Company Registration in Hungary
Observing events in the modern world, we notice that more and more Ukrainian entrepreneurs are looking towards the European Union to open their own business or scale up an existing business in Ukraine.
We all understand perfectly well that in today’s conditions, unfortunately, it is difficult for a Ukrainian entrepreneur to talk about stable entrepreneurial activity within the country. That is why we can consider neighboring countries, including for entering new markets, in particular, Hungary.
Recently, this country has emerged in the light of a strategic solution for a Ukrainian entrepreneur who wants to enter the European market, reduce the tax burden and obtain stable conditions for the development of his business.
And this is quite understandable: business in Europe is stability, clear rules of the game and new opportunities for growth. One of the countries that is particularly attractive to entrepreneurs is Hungary. It is not only located next to Ukraine, but also offers favorable conditions for the development of small and medium-sized businesses.
International specialists of our Law firm “Prikhodko and Partners”, Having many years of experience in the field of international corporate law, we can provide you with professional support at all stages of creating your business (firm) in Hungary – from choosing the organizational and legal form to obtaining the necessary licenses and permits, and we offer not only qualified assistance, but also guarantee speed, reliability and full compliance with the country’s legislation.
We suggest taking a closer look at the main aspects of this country.
Hungary is one of the most attractive countries in the European Union for starting a business by foreigners, including Ukrainians.
Here are a few main reasons:
- Low corporate tax — only 9%. This is one of the lowest tax rates in the EU.
- Geographical proximity to Ukraine, which makes logistics convenient and personal presence in the country easy.
- Simple company registration — usually takes 5 to 10 business days.
- EU Membership: by registering a business in Hungary, you gain access to the single European market with over 450 million consumers.
- Possibility of legal residence in the EU: a company in Hungary can be the basis for obtaining a residence permit for the owner and his family.
- Access to banking and financial instruments in a stable environment.
We pay special attention to the basic principles of business (firm) registration in Hungary.
Step 1: Choosing an organizational and legal form
The first step is to determine the type of company you want to register.
In Hungary, the most popular forms are:
- Társaság korlátolt szítósgel (Kft.) — an analogue of a Ukrainian LLC. This is the most common form for small and medium-sized businesses.
- Public limited company (Rt.) — joint-stock company, suitable for large enterprises and public companies.
Step 2: Preparing documents
To register a company, you need to prepare a number of documents:
- Company Charter — the main document regulating the activities of the enterprise.
- Minutes of the constituent meeting — a document confirming the decision to establish a company.
- Founders’ documents — copies of passports and confirmation of residence address.
- Confirmation of registration address — a lease agreement or a document confirming ownership of the premises.
Step 3: Registration in the Trade Register
After preparing all the necessary documents, the company submits an application for registration to the Hungarian Trade Register. The registration process usually takes 5 to 10 business days.
Step 4: Obtaining a tax number
After registering your company, you need to obtain a tax number (adószám) from the Hungarian National Tax Administration. This will allow you to conduct business and fulfill your tax obligations.
Step 5: Opening a bank account
To conduct financial transactions, the company must open a bank account in any Hungarian bank. This can be done after obtaining a tax number.
Step 6: Licenses and permits
Depending on the type of activity, additional licenses or permits may be required. For example, for the sale of alcohol or the provision of financial services, you must contact the relevant authorities.
We draw your attention to the advantages of doing business in Hungary
- Low tax levels — the corporate tax is 9%, which is one of the lowest in Europe.
- Stable economy — Hungary is a member of the European Union and has a stable financial system.
- Convenient location — the country is located in the center of Europe, which provides convenient access to other European markets.
Conclusion
Thus, taking into account the above, it becomes obvious that Hungary is a stable, safe and profitable springboard for the development of Ukrainian business in Europe.
This is a country where you can not only preserve your business in difficult times, but also take it to a new level.
Geographical proximity to Ukraine, low taxes, access to the European Union market, quick company registration and the possibility of legalization – all this makes Hungary the optimal choice for Ukrainians who seek to develop even in difficult times.
How can we help with business registration (firm) in Hungary?
As mentioned earlier, the Law Firm “Prikhodko & Partners” is ready to provide you with a range of services in the field of international corporate law and offers full legal support at all stages of creating a business (firm) in Hungary.
We will help you avoid possible difficulties, save time, and also help you choose the most effective model for your business, taking into account its specifics, goals, and future prospects.
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
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Business registration and support in Great Britain
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Lawyer for administrative cases
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Protection of honour, dignity, and business reputation
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