Incorporate In Hungary

Hungary Company (Kft / Zrt) Formation and First-Year Fees – USD 6,800.00 (All included)

Note that our incorporation and annual fees are all “all-included fees”, and cover all the required services, duties, disbursements, and procedures to incorporate a company in Hungary, and keep it in good standing.

• drafting the Constitutive Documents of the Company;
• drafting the Declaration and Deed of Establishment of the Company;
• drafting the Director’s Acceptance Letter and Declaration;
• drafting and executing the Statues’ Approval Declaration;
• executing the Constitutive Documents and the Incorporation Deed before a Notary Public;
• settling Notary Public fees, and obtaining Notarial Certificate;
• filing the Constitutive Documents with the Registration Court
• settling the applicable Registration Court fees and duties;
• lawyers’ fees for power of attorney and execution of documents;
• preparing and executing the share transfer documents;
• registering the Company with the Tax Office for corporate tax and VAT purposes, including the mandatory declaration.
• providing registered office services for one (1) year
• providing secretarial services for one (1) year
• registration with VAT and corporate tax.

Time to form We will incorporate the company and we will sign the deed of establishment before the notary. We will file the deed with the Registration court and we will act as the first director and shareholder of the company. Once the company is incorporated, we will open the bank account. The reason why we are the first shareholders and directors is that all Hungarian companies must have an Hungarian bank account, and in order to open a bank account, the shareholders and directors must be present in the bank. This will be accomplished within 1 week. We act as first shareholders and directors so we can open the bank account. Once the bank account is opened, we will produce the power of attorney, share transfer documents to transfer the company to you (or to the corporate shareholder). The share transfer and appointment of director documents will be signed by us on your behalf using a power of attorney that you will need to be sign before our lawyer but videoconference call is accepted. Once the power of attorney is signed by you during the videoconference, you will send the originally signed documents to Hungary, and we will execute share transfer documents and director appointment, and we will file such documents with the Registration Court. This process takes another week. Alternatively, you may sign the share transfer and director documents in an Hungarian embassy. The bank account will be dormant until you come to Hungary and update signatories of the account in the branch. Please note that once the company is incorporated, you will need to visit the Hungarian embassy in order to register yourself for government e-services (Gateway). This is a substantially simple procedure. If you are in Hungary at the time we begin the incorporation process, we may not need to act as first shareholders though, and you may act as such first shareholder, without needing a share transfer, and open the bank account directly while you are present in Hungary.