Why to start a business in Hungary?
Hungary is a Central-European country, member of the EU. It has a growing economy and very favorable tax rates. Hungary offers a great opportunity for those who plan to form a company here.
On one side, the workforce is well educated, while on the other side, wages are low compared to the EU average. There are also a wide range of tax benefits that are available on taxes on employment.
The corporate income tax is only 10%, minimum wage is ca. EUR 360.
What type of business You should start in Hungary?
Hungarian legislation, taxation, infrastructural and economic possibilities offer a great framework for the following business activities:
- Shared services
- IT services, software and web development
- Creative services (e.g. web design)
- On-line marketing services
The steps of company formation in Hungary
The followings are the basic steps of company registration in Hungary:
- Consultancy on local legislation (legal forms of companies, taxation, accountancy etc.)
- Choosing a name for the company
- Sending the scanned versions of the necessary documents in advance
- Booking appointments for company formation
- Traveling to Hungary, registering the company and opening a bank account in 1 day
The cheapest solution on the market
If You are a foreign entrepreneur and plan to register a new company in Hungary, You may not have enough domestic knowledge of local legislation. Therefore, the followings are key factors for You:
- A detailed consultancy on the Hungarian business regulation, taxation and other relevant fields
- Full English-language support
- Cheap, fast and reliable solution for legal process of company registration
- A cost-effective solution for official seat address
- Accounting, payroll, taxation and business consultancy services
All the above mentioned elements are crucial and organizing them separately may cause a major difficulty for You, so we decided to put them together and offer it as a service package for a price as low as EUR 599. This is the cheapest solution currently available on the market.
Please check out our service fees at:
http://www.whisperingtree.hu/EN/fees.html
For further information please contact us at:
Hello
I am Hungarian American and have both passports.
What is the cheapest company formation in Hungary? Kft or Bt ?
I might have consulting project based in Budapest. Need to Kft or Bt if the project is confirmed
Thank you
Peter Feith
Dear Peter,
The cheapest legal company form is Bt, however it needs at least 2 owners and the financial liability of one of the owners is unlimited (i.e. private possession may be also collected if there is any debt).
I would really suggest you to have a consultancy before make any decision.
Please contact us by mail or phone.
Best regards,
Whispering Tree Team