Our services in Hungary

Formation and changes in the following subjects: Limited Liability Company (Kft.) Joint Stock Company (Rt., NyRt., Zrt.) Taxes Corporation tax: 9% (new since January 2017) Personal income tax: 9% for entrepreneurs (new since January 2017) Withholding tax:   doesn´t exist VAT rate: basic rate is 27%, other 18% (e.g. internet services, catering) and 5% (e.g. milk, eggs...) VAT registration: Obligatory – at exceeding the annual turnover 8 million HUF Voluntary   –   anytime   during   company   existence.   It´s   possible   to   register   at   the beginning    of    formation    process    so    after    the    registration    at    Commercial Register is company already VAT payer. Termination of a business: 1. deletion from the Commercial Register preceded by bankruptcy or liquidation 2. the company has a legal successor - the sale, M&A or split-up of the company Accounting: obligatory Publicity   of   company´s   data:   company´s   data   are   publicly   available   in   the   Commercial   Register.   We don´t offer the service of „nominees“ in Hungary. Bank   account:   can   be   opened   in   Hungarian   bank   and   also   in   some   other   EU   member   states   or   in Caribbean. Advantages of Hungarian jurisdiction Low tax burden Fast economic growth of the country Thanks to strategic geographic position is Hungary suitable country for investments Other services: Correspondence forwarding Supply residence and social and health insurance Services of translators, notary, advocates and tax advisors Complex advisory Holding structures and connections with other countries Virtual office

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