Company formation in Hungary
Kft
Legal minimum, year 1£560
Legal minimum, per year after£100
Typical year 1£2,285
Corporation tax9%Ease Banking
Every fee
Setting up
Government fee£110
About HUF 50,000 registrationLawyer (mandatory countersignature)£250 to 700
Required
Registered seat£100 to 300
Required
Translations£0 to 200
Optional
Share capitalHUF 3m
Time to form1 to 2 weeks
Running it, per year
Registered seat£100 to 300
Required
Accountant£0 to 2,400
Practically needed
Legal minimum after year 1£100
Audit: Exempt below thresholdsForeign ownersNo resident directorLawyer must countersign; can work by power of attorney
Tax9%, lowest headline in the EU, plus local business tax up to 2% of gross marginDividend withholding: 0% to non-resident companies, 15% to individualsVAT/GST: 27%, highest in the EU
BankingUsually requires a visit
SourcesPwC tax summary
Questions
- How much does it cost to set up a company in Hungary?
- The legal minimum for the first year is £560, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £2,285. The government fee is £110 (About HUF 50,000 registration). Share capital is not included.
- How much does it cost per year to run a company in Hungary?
- The legal minimum after the first year is £100 a year. Running costs including optional and practically needed services range from £100 to 2,700. Audit: Exempt below thresholds.
- Do I need a local director in Hungary?
- No. No resident director.
- Can a non-resident form a company in Hungary remotely?
- Not fully. Lawyer must countersign; can work by power of attorney.
- What is the corporation tax rate in Hungary?
- 9%, lowest headline in the EU, plus local business tax up to 2% of gross margin. Dividend withholding: 0% to non-resident companies, 15% to individuals. VAT/GST: 27%, highest in the EU.
- How long does it take to form a company in Hungary?
- 1 to 2 weeks.
Elsewhere in Europe
Get quotes for setting up in Hungary
Tell us what you need and we'll pass it to firms that can help.