
Every Hungarian company must have a local bank account, which you can only open in person. In a previous article, we explained what Hungarian banks expect from foreigners and how you can prepare for your bank appointment and the KYC procedure. This time, we focus on the arrangements that should make your bank account opening …
Bank account opening: planning your trip to Hungary Read More »
The post Bank account opening: planning your trip to Hungary appeared first on Company Formation.

If you are setting up a company in Hungary, you will need a corporate bank account. Over the last few years, bank policies have changed, so bank account opening in Hungary for your company as a foreigner has various aspects you should be aware of if you want the process to be smooth and swift. …
Corporate bank account opening as a foreigner in Hungary Read More »
The post Corporate bank account opening as a foreigner in Hungary appeared first on Company Formation.

In the 21st century, you rightly expect administration to be available online as well as in person. And it is! Hungary has customer portals operated by the government that give you access to electronic administration – both as an individual and as the manager of a Hungarian company. Learn about them with us. Electronic administration …
Client Gate and Company Gate: the customer portals for e-administration Read More »
The post Client Gate and Company Gate: the customer portals for e-administration appeared first on Company Formation.

When registering your Hungarian company, you should also indicate its main activity. You do not simply state what you are planning to do: there is an official list, accepted by all EU countries, and you select the item that suits your planned activity the most. Each activity has a numeric ID, which is called their …
Your Hungarian company’s activity and your NACE code Read More »
The post Your Hungarian company’s activity and your NACE code appeared first on Company Formation.

Hungary is the ideal place if you want to set up your business in the EU. Advanced infrastructure, central location, and favorable taxation options make Hungary a friendly business environment, and many foreigners move here with their family so they can build a new life in the EU. Foreigners in Hungary Currently, more than 350,000 …
Foreign business in Hungary in 2021 Read More »
The post Foreign business in Hungary in 2021 appeared first on Company Formation.

Using a virtual office as your seat address can save your Hungarian company a lot of time, effort, and money. You can have competent assistance from Day 1 of your operation for the fraction of the cost of an employee, and you can rest assured your official mail will always find you. What exactly is …
Why choose a virtual office as your seat address? Read More »
The post Why choose a virtual office as your seat address? appeared first on Company Formation.

All companies registered in Budapest have obligations towards BKIK, the Budapest Chamber of Commerce: every year, they must provide the Chamber of Commerce with information about their activity and pay a small contribution. However, joining BKIK is optional, meaning that the yearly contribution is not a membership fee. So what is the difference between the …
BKIK membership as opposed to yearly contributions Read More »
The post BKIK membership as opposed to yearly contributions appeared first on Company Formation.