TurulConsulting

Advantages of a Hungarian Company

• Low Corporate Tax: Hungary boasts one of Europe’s lowest corporate tax rates at just 9%, along with tax incentives for R&D and certain industries, making it ideal for minimizing tax burdens and maximizing profits.

• Strategic Location: Situated at Europe’s crossroads, Hungary serves as a gateway to key markets, offering logistical advantages and facilitating trade expansion across the continent.

• Skilled Workforce: With a well-educated talent pool, Hungary provides access to skilled professionals across diverse industries, supported by robust educational systems and training programs.

• Modern Infrastructure: Hungary’s modern infrastructure, including efficient transportation and advanced telecommunications, ensures smooth business operations and connectivity with global markets.

• Cost-Effective Operations: Compared to Western Europe, Hungary offers cost advantages in labor, real estate, and operational expenses, enhancing profitability for businesses.

• Investment Incentives: The government offers various incentives like tax breaks and grants to encourage foreign investment, easing the financial burden of company formation and expansion.

• Stability and Security: Hungary’s political stability, strong legal framework, and commitment to property rights create a secure business environment, fostering investor confidence.

• EU Market Access: As an EU member, Hungary provides access to the largest single market, offering opportunities for business expansion and access to over 500 million consumers.

Our Vision and Mission

Vision Statement:

“To be the leading provider of company formation and consulting services in Hungary, empowering both local entrepreneurs and foreign investors to navigate the complexities of business establishment with ease and confidence.”

Mission Statement:

“Our mission is to simplify the process of company formation in Hungary by offering comprehensive consulting services tailored to the unique needs of each client. Through our expertise and personalized approach, we aim to facilitate the growth and success of businesses, fostering economic development and prosperity in Hungary while fostering cross-cultural understanding and collaboration among our diverse clientele.”

Our Services

Company Formation

Building your foundation for success.

Legal
Services

Protecting your interests with precision.

Bookkeeping & Accounting

Keeping your finances in perfect balance.

Taxation

Maximizing your returns, minimizing your stress.

Business Consulting

Strategizing for growth and prosperity.

Company Formation

FAST AND EFFICIENT

Initial Consultation

A detailed discussion with our professionals regarding your business needs and goals, while determiningthe most suitable legal entity for your company.

Gathering Documents

Send us the documents* which are legally required by the law for the incorporation of a company.

Payment

You will receive an invoice which includes the payment for all services and incorporation fees.

VerificatIon

Verification of identity and acknowledgment IN PERSON OR
Verification of identity and acknowledgment ON SKYPE.**

All Set

After all the necessary steps, we initiate the incorporation process and once the Court issues the officialregistration order, our team will forward all the documents to you. Incorporation usually doesn’t take more than a few days!

*REQUIRED PERSONAL DOCUMENTS OF DIRECTOR(S) INCLUDE:

• Photo I.D.
• Personal details
• Director’s personal HUNGARIAN TAX number (We offer an assistance service to acquire this.)
• Proof of address

Please note that these requirements may vary depending on the type of company and specific circumstances, for further information please consult with our team.

**May include extra fee!(check our “service fees” page for further info)

Service Fees

BASIC

690€

• Initial Consultation
• Company Incorporation
• Company Registry Number
• Hungarian and EU VAT Number
• English and Hungarian Documentation

BASIC
REMOTE

850€

• Initial Consultation
• Company Incorporation
• Company Registry Number
• Hungarian and EU VAT Number
• English and Hungarian Documentation
• ONLINE VERIFICATION

Basic
assistance

1450€

• Initial Consultation
• Company Incorporation
• Company Registry Number
• Hungarian and EU VAT Number
• English and Hungarian Documentation
• Private Tax number and Social Security number for CEO
• Assistance with registration to “Ügyfélkapu” the national electronic administration
• Assistance for the start of your company*

Silver
package

1850€

• Initial Consultation
• Company Incorporation
• Company Registry Number
• Hungarian and EU VAT Number
• English and Hungarian Documentation
• REGISTERED OFFICE FOR 1 YEAR
• AGENT FOR SERVICE OF PROCESS FOR 1 YEAR

Gold
package

2350€

• Initial Consultation
• Company Incorporation
• Company Registry Number
• Hungarian and EU VAT Number
• English and Hungarian Documentation
• ASSISTANCE PACKAGE INCLUDED
• REGISTERED OFFICE FOR 1 YEAR
• AGENT FOR SERVICE OF PROCESS FOR 1 YEAR

faq

If you have any question, we try to help for you! Just ask us!

How long does the incorporation of a company usually take?

Company incorporation in Hungary usually takes just a few days, depending on various factors such as the type of company, completeness of documentation, and government processing times.

What is an Agent of Service for Process?

An agent for service of process, also known as a registered agent, is a designated individual or entity authorized to receive legal documents and official correspondence on behalf of a business entity. This includes important documents such as lawsuits, summons, and subpoenas. The agent's primary responsibility is to ensure that the business receives these documents in a timely manner, enabling it to respond appropriately to legal matters. In Hungary, this role is crucial for ensuring legal compliance and effective communication with regulatory authorities.

What is the VAT rate in Hungary?

The standard VAT (Value Added Tax) rate in Hungary is 27%. There are also reduced rates for certain goods and services, such as food, pharmaceuticals, and printed materials, which are taxed at 5% or 18%.

Is it possible to sign the documents from abroad?

Yes. It is possible to sign the legal documents and have them sent through postal services, while acknowledging the authenticity of the signatures during the recorded SKYPE verification.

Is it a necessity to have a physical office for my company?

It's required to have a registered office address for your company in Hungary. This address will serve as the official location where legal documents and official correspondence can be sent. However, it's not always necessary for this address to be a physical office space; it can also be a virtual office or the address of your company's legal representative.

Can I modify the business activities of my company after the incorporation?

Yes, you can modify the business activities of your company after incorporation in Hungary. This process typically involves amending the company's articles of association and obtaining approval from the relevant authorities. However, it's important to ensure that any changes comply with local regulations and requirements. *EXTRA FEES APPLY

Can my company operate internationally?

Yes, your company can operate internationally from Hungary. As a member of the European Union and a participant in various international trade agreements, Hungary offers opportunities for businesses to expand their operations globally. However, it's important to consider legal, regulatory, and tax implications when conducting international business activities.

Is a license required for my company to operate in Hungary?

The need for a license to operate your company depends on the nature of your business activities and the industry in which you operate. Most business operations do not require a specific license to operate, however there are certain industries in Hungary requiring specific licenses or permits to conduct business legally.