Hungary - good incorporation services?

[gnud]

Anyone knows any solid incorporation service provider in Hungary?

So far what I've found has been terrible, both in terms of quality and price.
I've searched both in English and Hungarian.

Last edited: Jan 8, 2022

 

[chrisgerth]

have a look at Online CÉGALAPÍTÁS: A legjobb ajánlat! A cégalapítás feltételei kft alapítás

 

[gnud]

Thanks. I wrote them an e-mail a few days ago in‍ English but they didn't reply. Seems like communication with them would be difficult.

 

[gnud]

I found this: Online cégalapítás 29990 Ft-tól, székhelyszolgáltatás, országosan 20 irodában

They're not the cheapest‌ but they replied within minutes and in English. It'll cost roughly 190 EUR for a‍ formation and a virtual office for 1 year. Compared to how it is in other⁠ countries, not bad.

 

[clemens]

190 EUR is nothing, why look any⁤ further ?

What is included? do they offer real nominee service i.e. director, shareholder and⁣ unique address ?

 

[lacomaco]

You could have a cheap incorporation but to manage the company, do the accounting, payroll,‌ social security, local business tax returns cheaply AND properly is not possible any more. PM‍ for reliable companies

 

[gnud]

What's a typical price of accounting and⁠ payroll per month for a one man company?

 

[lacomaco]

Your question cannot be answered as the following information is missing:
- detailed activity description‌
- number of transactions - foreign or local
- size of transactions - foreign or‍ local
- number of staff
- where the company will be controlled and managed from⁠
- what kind of local infrastructure you will need
- how strongly you are "forced"⁤ to provide a substance to the outside world and/or your current residency
amongst others.

Bank account opening for a 1 foreign director/shareholder without substance is very hard.
Also, the proposed⁣ EU COUNCIL DIRECTIVE laying down rules to prevent the misuse of shell entities for tax⁢ purposes will also affect the operations of any small company with cross-border activities.

So now︀ probably you understand my remark about online incorporators.

 

[gnud]

It's going︀ to be a dead simple situation. 1 owner / director resident in Hungary, no employees,︁ main activity will be consulting, minimal expenses: office, accountant, director's salary. No cross-border setup.

 

[lacomaco]

Consulting where? To Hungarian companies or EU or non-EU ones? VAT and VIES reporting is‌ also a consideration

 

[gnud]

US companies mostly.

 

[lacomaco]

I feel like playing ping-pong...
- number of transactions
- size of transactions.

You wrote‌ US companies mostly - what about the remaining ones?

 

[Fdegroot]

Tried them. Communication only in Hungarian. Does not set up a‍ daughter company for my holding. Personal Hungarian Tax Number needed before starting work (how does⁠ one do that when not a permanent resident?). In all setting up a Kft seems⁤ painful.

 

[uplana]

That's new.‌ .. can you elaborate please?
I mean, you got your company registered, but you can't‍ use it or you can't register a company without the tax number?

A service that⁠ only speak native language in Hungary will not make it long term if they relay⁤ on International clients, they may only serve locals.

 

[gnud]

Getting a personal tax number is easy. They do it on the spot within minutes.⁣ You don’t even need an Address card for it. The actual tax card will arrive⁢ weeks later, but it’s not important.

I agree that the incorporation process is convoluted, but︀ I could get it done in 2 days. If you plan it well you can︁ accomplish it even in 1 day.

Btw I pay 25k for an accountant, it’s a︂ standard price for a small company.

 

[Marzio]

I hope you‌ are talking about HUF

 

[gnud]

of course

 

[Fdegroot]

Okay, so it is⁢ possible. Looking at your previous post: who did you eventually use? "Convoluted" - indeed.

 

[gnud]

You want the name of the lawyer?‍

 

[Fdegroot]

I suppose lawyer‌ better than an all-in-one service; Cyprus is very much geared to that, maybe Hungary works‍ in a more medieval way, via a lawyer ;-) So yes please, especially if I⁠ can avoid hassle.