Very attractive locality for those who need a company registered in the European Union with EU VAT registration, a bank account and low income tax. Profits up to 500,000,000 Hungarian Forints (about 1,600,000 euro) are taxed at 10%, profits over this level are taxed at 19%.
The registered capital of 3,000,000 forints need not be paid, it is only registered. A Hungarian Kft (Korlátolt Felelõsségû Társaság – limited liability company) must have at least one director and one shareholder. Establishing a Hungarian company is fast and the company immediately receives EU VAT.
Establishing a Hungarian company, with a registered office in Budapest, registration at all offices, including EU VAT, accounting services for three months in advance, standard company documents (verified by Apostille on request) and delivery by courier costs EUR 2,400.
The costs of additional years, i.e. leasing a registered office in Budapest are EUR 850. The fees for accounting services must be taken into account (including preparing and submitting a monthly VAT Declaration) which are at least EUR 300 per quarter.
Optional services to keep directors and shareholders anonymous:
A nominee director (natural person), one General Power of Attorney (POA) verified by a notary with Apostille and an undated resignation of the nominee director costs EUR 900 a year.
A nominee shareholder (corporate body), including a Declaration of Trust costs EUR 700 per year.