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Hungary

Hungary Flag

Country: Hungary
Region: Europe
Currency: Forint (HUF) (Ft)
Languages: Hungarian
Time Zone: UTC +1

Phone Code: +36

Communications: Good

Formation Cost: 6100 - 9100 USD$
Formation Time: 6 - 10 days
Maintenance cost: 2800 - 4000 USD$

Executive Summary: Hungary’s geographic position in Central Europe and access to EU markets makes it a strategic centre in the region, and since its accession to the EU it has developed as a key financing centre. Germany, Italy, Austria, Russia, and the United States are the main purchasers of its exports. Tax rates have been low for corporates, but the government has lately taken a wrong turn and is behaving aggressively towards business, bringing it into conflict with the EU. If nothing worse, it is no longer possible to view Hungary as a stable location for conducting business.

Suitable for: Fund Management, Trading Goods, Intellectual Property/Licensing
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, sole proprietorships, branches, general partnerships and limited partnerships

Capital primary business districts: Budapest

Good Relationships: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Light

Headline tax rates: CIT 10%-19%, PIT 16%-20.32%, VAT 27%

Treaty Jurisdictions: Albania, Armenia, Australia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hong Kong, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kazakhstan, Korea, Republic of, Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Netherlands, Norway, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Ukraine, United Kingdom, United States, Uruguay, Uzbekistan, Vietnam

TIEA Jurisdictions: Guernsey, Jersey, Kazakhstan

Information Links:

 

 

 

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