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COMPANY FORMATION HUNGARY
WHY IS COMPANY FORMATION HUNGARY ADVANTAGEOUS? First of all company has several tax advantages: there are no withholding tax on interests, dividents, royalties and service fees on payments to any coutry in the world. This is a unique advantage of company formation Hungary in the EUropean Union. Moreover company formation Hungary does not draw the attention of tax audits like Ciprus, Gibraltar or any other country. With company formation Hungary the result will be an onshore company in the EU. Please note that after company formation Hungary all EU tax directives will be applied on the company, like parent-affiliate directive, interest-royalty directive.
COMPANY FORMATION HUNGARY: PROCESS AND CAPITAL Company formation Hungary takes only about 2 weeks. The stamp duty for the procedure of company formation Hungary is only EUR 150. The minimum capital for company formation Hungary is about EUR 1,700 (500.000 Hungarian forints). The capital contribution can be in-kind contribution. The capital contribution for company formation Hungary nbot required to be deposited on bank account. This make company formation Hungray more quicker because the process is not lenghtened with the time necessary for bank account opening.
MANDATORY PARTICIPATION OF ATTORNEY IN COMPANY FORMATION For company formation or amendments of data in companies registered in the company registry participation of Hungarian attorney is mandatory if the Civil Procedure is applicable on the procedure. Legal representation is mandatory in the procedure for company registration Hungary, typically an attorney is acting in the procedure of incorporation.
ROLE OF LAWYER IN COMPANY FORMATION IN HUNGARY Tasks of the attorney participating in the company formation as legal representative are vast. The attorney prepares most of the documents necessary for formation and the registration of the Hungarian company. The attorney converts to electronic form and files the application and the documents of company formation in Hungary and ensures their preservation. Other procedural steps are also taken by lawyer in the process of company formation in Hungary. The lawyer performs the compliance check with the acts of the documents to be attached to the application. The electronic application form of the company formation shall be signed by the lawyer with the special qualified electronic signature issued only to attorneys registered at bar associations. The application is filed via electronic mean to Company Court of the competent county court. The competence of the county court depends on the location of the planned registered office of the company to be formed.
STAMP DUTY OF THE COMPANY FORMATION IN HUNGARY The stamp duty for the company formation in Hungary also paid with the assistance of lawyer. The lawyer is entitled to download special case ID number necessary to convoke in the message of the electronic fund transfer of the sum of the stamp duty.
COMPANY FORMATION IN HUNGARY: PROCEDURAL STEPS The application of the company formation Hungary first processed by the Company Information Service. The Company Information Service performs inspection if the filed application is in conformity with the IT requirements of company formation Hungary. The Company Information Service notifies the lawyer participates in the company formation Hungary on the result of IT inspection. The company court competent in the company formation Hungary - depending on the planned registered office of the company - sends electronic request to the National Tax and Custom Office to get tax ID for the company to be formed. After reception of tax ID number for the company to be formed in Hungary the Company Court performs inspection if the filed documents are appropriate and sufficient according to the Hungarian company law rules. The Company Court makes it's decisions in orders in the process of company formation Hungary. The Company Court promulgate it's orders in electronic form and notifies the lawyer takes part in the procedure of company formation Hungary. If the lawyer doesn't accept the electronic order in 7 days, the Company Court sends the order in paper hard copy to the attorney.
corporate law PRAXISCégjoi praxisunkban incorporation, the sale of the conduct of firms, companies, by eliminating (liquidation), transformations (demerger, merger) kapcoslatos orders are completed. Occasionally, we represent clients in disputes out of court corporate law and litigation proceedings.
books through our partner, and we can offer the seat alapítandó company. Our partner special services we provide under the seat of a city or town where the local business tax rate of 0%.
ATTORNEY-CLIENT CHARACTERISTICS corporate law
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