Our clients
ought to come to our Budapest office
in order to sign the documents. This can be achieved in less than an
hour. Our jurist will then send the signed documents electronically to
the Commercial Court, whereas the approval procedure normally takes
about 2-5 workdays. The Certificate of Incorporation will then be sent
- together with the European tax identification number - electronically
to our lawyer. Our customers then would need to travel to Hungary once
more in order to open a bank account. Should our clients themselves
desire the opening of a bank account, so should they make a call to our
Budapest central lawyer’s office, where the hungarian
company had been registered, in order to request
the Certificate of Incorporation, needed for the account opening. Our
colleagues will then electronically send these documents to the bank,
so that the bank account can be opened.
Suggestion: There have also been such clients that have opened a bank
account from their homeland for their Hungarian company. In the case of
such banks the opening of a bank account can be solved also from the
comfort of your home. Yet, this is only the case of such banks that
have opened branch offices in
Hungary, such as: Raiffeisen, Unicredit, Erste...
Important notice: the company’s manager is obliged to be
employed in his newly founded Hungarian company, unless he works an
8-hour program in another company. In case he is employed in another
company (in another European member state), then that firm needs to
issue a letter of acknowledgement in order to confirm this issue. This
letter of acknowledgement should be sent to the accounting department
via a scanned copy, thus the manager becomes an exception from having
to be employed.
In the case of Ready Made companies our customers receive a letter of
guarantee attesting that the company never had any activity and has no
debts! With a Ready Made company working is already possible after 3
days and invoices will also be possible to issue. There is an
additional tax in Budapest, the so called local tax, being 2 % of the
net profit, yet we may offer you the location of your newly found
company’s head office in Pand, a 35 km locality from
Budapest, where this additional tax of 2% does not exist!
The company manager needs to have a local tax identification number in
Hungary, in order to be able to buy printed invoice booklets. Our
company applies free of charge for your local tax identification
number, yet one needs to be aware of the fact that it may take even 3
months for the manager to receive it. Yet, in order to be able to issue
invoices, we suggest to our clients to use out of the electronic
invoicing programs which we present to them and which enable invoice
issuance without the personal tax identification number.
Attention: the use of invoicing programs of other countries and of
self-made invoices is forbidden! Merely those invoicing programs are to
be used, which have been allowed by the Hungarian tax office! We shall
get you acquainted with such invoicing programs!