Hungary
Hungary is a country in Central Europe and one of the 15 most popular tourist destinations in the world, with a capital regarded as one of the most beautiful in the world. The country offers many diverse destinations: relatively low mountains in the north-west, the Great Plain in the east, lakes and rivers of all sorts (including Balaton - the largest lake in Central Europe), and many beautiful small villages and hidden gems of cities. As an EU member, Hungary maintained its position as one of the most dynamic and strong economies in Central and Eastern Europe. Its position within the European Union, and the fact that it is still comparatively cheaper to do business there than in other Western European countries, makes Hungary a prime target for investments.
Key Corporate Features |
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|---|---|
General |
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| Basis of Legal System | Common |
| Type of Company | Hungarian Limited Liability Company (Kft) |
| Corporate Taxation | from 10% to 19% |
| Time to Form | 2-3 weeks |
Corporate Requirements |
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| Minimum Shareholders | 1 |
| Minimum Directors | 1 |
Corporate Administration |
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| Corporate Directors Permitted | No |
Local Requirements |
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| Registered Office/Agent | Yes |
| Company Secretary | No |
| Director | Can be from any country |
| Meetings | Once a year |
Public Filings |
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| Directors | Yes |
| Shareholders | Yes |
| Beneficial Owners | No |
Annual Filing Requirements |
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| Annual Return | Yes |
| Audited Accounts | Yes |