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Company Formation Guide
Hungary Company Formation
Set up your company in Hungary with ease. Mirr Asia provides expert support for fast, compliant Hungary company formation tailored to your business goals.
Overview · 01
Hungary Kft (LLC) Establishment Guide
Base incorporation fee
3,500 EUR (Kft establishment + 1-year service)
Estimated timeline
5–10 business days after all documents received
(establishment + VAT registration)
Minimum capital
HUF 3,000,000 (~7,900 EUR)
Hungary is an EU country that automatically issues VAT numbers. Additional procedures such as Apostille certification, translation certification, and embassy certification may be required, and the timeframe for these procedures should be estimated separately.
Useful Links
Services · 02
Inclusions
- Kft Establishment (company registration in person or via POA)
- Company Registration Tax
- Local and International VAT Number Registration (including EORI)
- Bank Account Opening Introduction
- English-Hungarian Translation
- Registration of Representative's Personal Tax Number and Social Security Number
- Provision of Company Registered Address (for the first year)
- Mail management service (for the first year)
Pricing · 03
Additional Services & Costs
| Service | Amount (EUR) |
|---|---|
| KYC for legal entity shareholder Additional verification when shareholder is a corporation | 700 |
| Accounting services (6 months) Please apply in advance if required | From 1,000 |
| Residence permit (representative) Please apply in advance if required | 3,000 |
| Residence permit (family members, 2 persons) Immediate family members | 2,000 |
Documents · 04
Required Documents
Individual
- Copy of the passport of the shareholder/director
- Proof of address of the shareholder/director
- Application for establishment
Corporation
- Corporate documents (business registration certificate and others) Apostille notarization + Hungarian translation notarization
POA Requirement
Kft incorporation documents and Power of Attorney (POA) documents must be notarized at the Hungarian Embassy in Korea.
Notes · 05
Important Notes
Bank Account Opening Deadline
Hungarian corporations must open a corporate bank account within 8 days of incorporation. However, the account opening may be delayed for up to 1–2 months. A penalty of 70 euros may be imposed if the account opening is significantly delayed.
- Bank account opening — procedures vary by bank, but generally require a visit. Some banks may allow companies with annual sales exceeding 3 million euros in their first year to open an account without a visit.
- EMI accounts — many banks now offer EMI (electronic banking) account opening without visiting the bank, but since transaction fees are higher than those of banks, we recommend using a bank account for large transactions. (You can first open an EMI account and then open a bank account later.)
- Korean corporations — if the shareholders are Korean corporations, the corporate documents must be apostilled and then translated into Hungarian with a notarized translation. Typically, only the business registration certificate is notarized, but additional documents may be required depending on local regulations.
- Document submission — once all documents are prepared, please send them to our Korean office. After verification by our Korean office, they will be forwarded to Hungary.