What to I have to do in order to establish a company in Hungary?
Establishing a company in Hungary is a very smooth and easy procedure and just takes a day to be done. First of all, the companys Articles of Association needs to be signed in front of a lawyer*. As soon as you have given all the relevant details about the company such as its name, address, etc. The founding costs of a Limited Liability Company are 12,000. Once you have signed the articles are signed in front of a lawyer, you have to open a bank account. Finally, all the paperwork (including authorizations, invoices, etc. must go to an accountant who will take care of the administration and prepare the required accounts. *Note: It is not necessary to be in Hungary in order to sign the articles. You can sign the agreement at any Hungarian embassy. However, it will take more time this way.
