October 1st at 2:54pm
How is a general process flow
After the registration you immediately get a local and a European tax number, you don't need to go through other procedures. Moreover the person the registers does not actually need to be in the country, but a power of attorney is sufficient. However the manager of the company has to spend a couple of days here, since he or she needs to open a bank account for the company. This would only take a couple of days again. In order to get the registration successful, you need a creative business plan and a good analysis based on your data.
In order to establish a limited company, you need to have a capital of 3M forints, an equivalent of 10.000 Euros approximately. This money doesn't necessarily has to be paid on the company's bank account, instead you can immediately start to use it to cover the expenses the arise from the initial time. As such, the tax authority doesn't check where the capital is in the first couple of months. Such a check up is quite common in the case of foreign companies.
If you got interested in establishing a company in Hungary, we can help you to find the best solution and guide you through the procedure in various languages. There are already a lots of companies operating in Hungary and earning profit. Do not be the last one in the competition! Send us an email on email@example.com if something is unclear.