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Company formation in Hungary
Hungary is attracting more and more Europeans and internationals thanks to its ultra-competitive taxation.
*Official registration fees and government taxes included
Why set up a company in Hungary?
Hungary combines several unique advantages in Europe:
- Lowest corporate tax in the EU: only 9%.
- Standard VAT of 27%: the highest in Europe, with the possibility of quickly obtaining an intra-community VAT number.
- Main legal form: Kft (Korlátolt Felelősségű Társaság), equivalent to a private limited company.
- Minimum share capital: 3 million HUF (≈ €8,000), to be deposited upon registration.
- Fast turnaround: company incorporated in 5 to 10 business days.
- Lower labor costs and social security contributions compared to Western Europe.
- Strategic location: at the crossroads of Central Europe, with direct access to EU markets.
- Transparent European framework: credible and compliant jurisdiction, far from opaque offshore companies.
Our turnkey service
With Service-Societe.com, setting up your Hungarian company is simple and secure:
Company incorporation
- Drafting and filing the articles of association.
- Name reservation at the commercial register.
- Assignment of tax ID and, if necessary, VAT number.
Share capital
- Minimum legal capital: 3 million HUF (≈ €8,000).
- Contribution possible in cash or in kind.
- Deposit into a temporary bank account during incorporation.
Official registration
- Electronic registration at the Hungarian commercial court.
- Issuance of the registration certificate and tax ID.
Banking introduction
- Local banks: OTP Bank, Erste Bank Hungary, K&H Bank.
- International banks: HSBC.
- Fintechs: Revolut Business, Wise.
Compliance and accounting
- Tax and VAT filings (27%).
- Bookkeeping according to Hungarian standards.
- Accounting provided by our French-speaking partners in Hungary.
Additional services for your Hungarian company
- Ready Made Company (pre-incorporated companies).
- Administrative assistance and secretarial services.
- Accounting services tailored to your VAT status and transaction volume.
- Economic substance setup (sustancia económica) : registered office, offices, employees.
- Cross-border TUP: transfer of a French company to a Hungarian company.
The advantages of Service-Societe.com
- 100% online process.
- Responsive French-speaking support (6 days/week).
- Premium bank introductions (OTP, HSBC, Revolut).
- Cross-border expertise (Kft, Holdings, TUP).
- Transparency: only legal, compliant European companies.
Additional international solutions
- Shelf companies (società estere già pronte).
- Holdings in Hungary or other European jurisdictions (Netherlands, Ireland, Malta).
- Cross-border TUP to restructure or relocate an activity.
- Premium bank introductions.
In summary
Setting up a company in Hungary with Service-Societe.com means:
- Benefiting from a 9% corporate tax rate, the lowest in Europe,
- Benefiting from fast registration (5 to 10 business days),
- Creating a credible company with accessible capital (≈ €8,000),
- Obtaining a recognized and respected European company,
- Being supported by French-speaking experts from start to finish.
2 990,00 €
HT *No travel required – Registration guaranteed within 48h
Official registration fees and government taxes included
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DiscoverFrequently asked questions
What capital and legal form should you choose to set up a company in Hungary?
The standard form is the Kft (Korlátolt Felelősségű Társaság), the functional equivalent of a French SARL (liability limited to contributions).
Key takeaways:
Minimum legal share capital: 3,000,000 HUF (≈ €7,500–8,200 depending on the exchange rate).
The capital is subscribed at 3M HUF, but not all cash must be paid immediately: part can be released upon incorporation, with the balance to be paid within the legal timeframe set by the articles of association (usually 1 year).
Single shareholder possible, including 100% non-resident.
Suitable for: e-commerce, IT, consulting, logistics, holding, import/export, and B2B services.
Why this capital level?
The 3M HUF threshold is set by Hungarian company law (Ptk – Hungarian Civil Code).
What are the actual timelines and steps for registering a Hungarian Kft?
Practical timeline: 5 to 10 business days with electronic registration, if the file is complete.
Key steps (chronological order):
Name reservation at the company register (Cégbíróság).
Drafting of the articles of association by a Hungarian lawyer.
Capital deposit (temporary account).
Electronic filing at the commercial court (Cégbíróság).
Assignment of the registration number (Cégjegyzékszám) and tax number (adószám).
VAT activation if requested.
Factors that may extend the timeline:
KYC/AML checks on beneficial owners,
banking choice,
nature of the activity (regulated or not).
What taxation applies to a Hungarian company (CIT + VAT)?
Corporate Income Tax (TAO / CIT)
Rate: 9% — the lowest in the European Union.
Applicable to the taxable profits of resident Hungarian companies.
Hungarian VAT (ÁFA)
Standard rate: 27% (the highest in the EU).
Possibility of obtaining an intra-community VAT number (VIES) for EU B2B operations, e-commerce, import/export.
Important note:
A low CIT rate does not exempt you from local bookkeeping or providing proof of substance when required by tax authorities or banks (especially for EU VAT).
Can a Hungarian company be set up 100% remotely and a bank account opened?
Yes for formation.
Incorporation can be carried out entirely remotely via a Hungarian lawyer authorized by power of attorney.
No physical presence is legally required for the registration itself.
For banking (crucial point):
Opening always depends on KYC/AML and the beneficial owner’s profile.
Local banks (OTP, Erste, K&H) and some international ones accept non-resident shareholders on a case-by-case basis.
Fintechs (Revolut Business, Wise) are often faster but also apply strict controls.
On “economic substance”:
No general legal obligation for all Kfts,
But in practice, to obtain and maintain EU VAT + bank accounts, it is often necessary to demonstrate real signs of activity in Hungary:
professional registered office,
local service contract,
effective management or, in some cases, a local employee.