An LLC may be founded with 3.000.000- Forint (8.000 EUR),initial capital, yet, in order to found a Joint Stock company, one would need 5 million Forint, that would mean EUR 13,000,- initial capital.
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Even though the manager of a KFT is not obliged to pay this entire sum into the bank account, the founder of an Joint Venture must pay it in 100% into the incorporated company’s temporary bank account. The shareholder may found the incorporated company only after the bank’s confirmation regarding initial capital pay-in.
Even a sole shareholder is entitled to found an incorporated company in Hungary. Yet, the initial capital must be paid into the bank account.
Registration period of an incorporated company resembles to that of an LLC.
Registration occurs within 1-5 workdays, yet it may also take up to 30
days.
Joint Ventures companies are well-established companies having
higher reputation than that of LLCs and may offer more serious
businesses than LLCs. Our lawyer’s office founds incorporated
companies for our customers for a fee of EUR 5,000,-
Initial capital
will be paid into the bank by the manager in person.
Go back to our Company Formation Hungary main page, or visit our Ready-Made company in Hungary service page also.