Types of companies in Hungary
- Limited liability company (Koralatolt Felelossegu Tarasasag- KFT)
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Limited liability company (Koralatolt Felelossegu Tarasasag- KFT)
- Limited
- 1,900 € (500,000 HUF)
- 1
- SMEs
- Public limited company (Reszvenytarsag-RT)
- Limited
- 18,500 € (5 millions HUF)
- 1
- Big companies
- Partnership
- Unlimited
- Pas de capital min.
- 2
- Generally, recommended for
Corporate tax rate in Hungary
Corporate tax rate in Hungary is at 9%.
Questions
Why should I incorporate my company in Hungary?
- Tax rate is very low.
- There is a sustained growth.
- Labour is cheap.
Which difficulties can be encountered in Hungary?
- The country is politically closed-minded.
- There is a lack of available employees.
- English is not spoken, most of time, you will need to rely on the services of an interpreter.
Which are the cultural specificities of the world of work in Hungary?
- Hungarians care immensely for courtesy and punctuality.
- Hierarchy is very important in Hungary.
- Compliance to deadlines is necessary.
