FACTS AND FIGURES
Full EU member since 2004
• 10 million population; GDP: EUR 115 Bn. (USD 130 Bn.); 0.4 % inflation
• 1.185.087 company are registered in Hungary (sept. 2017)
• In the heart of Europe; 200+ special status commercial parks; 1500+ km motorways
• As low as 410 EUR minimal salary (530 EUR net average salary)
• 1.500+ American companies (IBM, GM, Continental, Johnson&Johnson, Alcoa, Lear etc.) 6.000+ German companies (Mercedes, Audi, E.On, RWE, Siemens, Bosch, ZF, T-Systems etc.)
• active startup community and startup competitions
• 50+ venture capitals (pre-seed, seed, later stage)
TAXES
9% Corporate Income Tax (CIT) – IT IS NOT OFF SHORE, it is the normal TAX of an EU Country!
• 4.5% tax for licence fees
• 1.5% local tax applied on company income minus expenses (Cost of Sales, COGS means the purchasing expenses of goods sold + Marketing Expenses, Research and Development, minus Manufacturing in Other Places.), so it is generally 0,1-0,5% of the net income
• 0% Withholding tax
• 0% tax on dividends received
• 0% tax on capital gain income
We are lawyers specializing in company law in and we provide full service (could include booking services, payroll administration, as well) to set up a corporation, register with every necessary governmental office. We also provide our clients with updates on changes of regulations and laws.
Viktor Jozsef Kovacs, Dr. LL.M.
Attorney at law, LL.M. in Business and Transactions, LL.M. in Employment Law
Gergely Galgoczi, Dr. LL.M.
Attorney at law, LL.M. in Public Procurements
View the latest news and breaking weekly news and current news, plus political news for Hungary. all the latest breaking stories.
All the latest breaking stories, business news, financial news for Hungary are here.
Construction sector output jumps 27.3% in November
VAT revenue climbs more than HUF 400bln in 2018
https://bbj.hu/economy/vat-revenue-climbs-more-than-huf-400bln-in-2018_159699
Revenue from VAT rose HUF 403 billion last year.
Fantastic support and guidance throughout the whole process. Many questions but with answer options to make decisions easy. Honestly company formation is not that easy if you are enough careful, not just want a company. .
That is my second company formation in abroad, and lawyerbudapest.hu makes a big difference between the two with their deep business understanding and knowledge of Hungarian law.
Formation made the whole process of setting up my limited company painless. That is a big difference compared to my business partner’s experience. Using business LAWYERS is a must!
A true partnership is a two-way street — ideas and information flow openly and regularly, based on a foundation of mutual trust and respect for one another’s expertise — and our clients embrace this philosophy.
