At the Commercial Court the company in founding will be able to prove via this declaration that the sum of 3.000,000,- Forint being EUR 8,000,- stays at the company’s disposal.

The LLC then will be registered within 1-5 workdays and starting with the moment of registration also through the Commercial Court and after European tax identification number receiving the company may already issue invoices. It may yet be the case that the European tax identification number appears in the European internet database only after a few days and it may be the case that the Hungarian company’s associates conclude no businesses until they will be able to control the validity of the European tax identification number. Database actualization occurs weekly.
There is also the possibility that several associates, up to a maximum of 50 partners found a new company. A company may also have several managers in the same time. 

Foreigners and also other existing companies may  establish a hungarian company.
For the case of non European originated managers or associates we suggest the acquisition of already existing companies, due to the fact that company founding for non Europeans is more complicated. For such cases we offer already existing companies with an existing European tax identification number. For invoice issuing desires we may also suggest electronic invoicing programs. If you want to buy a Shelf company in Hungary, visit our page.

Attention: Acceptable are invoicing programs only approved by the Hungarian tax office.
  In case of later company closing the firm will need to submit its annual tax declarations and may have no debts. If fulfilled, the Hungarian tax office closes the company in approximately 3 months at manager’s request. The cost of company closing may achieve up to EUR 2,000.