Every Hungarian company must have a local bank account, which you can only open in person. In a previous article, we explained what Hungarian banks expect from foreigners and how you can prepare for your bank appointment and the KYC procedure. This time, we focus on the arrangements that should make your bank account opening …
Bank account opening: planning your trip to Hungary Read More »
If you are setting up a company in Hungary, you will need a corporate bank account. Over the last few years, bank policies have changed, so bank account opening in Hungary for your company as a foreigner has various aspects you should be aware of if you want the process to be smooth and swift. …
Corporate bank account opening as a foreigner in Hungary Read More »
All companies registered in Budapest have obligations towards BKIK, the Budapest Chamber of Commerce: every year, they must provide the Chamber of Commerce with information about their activity and pay a small contribution. However, joining BKIK is optional, meaning that the yearly contribution is not a membership fee. So what is the difference between the …
BKIK membership as opposed to yearly contributions Read More »
Hungarian company formation is quite quick: thanks to the simplified company registration procedure, your enterprise can be registered within a week of submitting the required documents. To make use of this quick procedure, the articles of association of your enterprise must follow a certain template. However, simplified company registration does not apply to every form …
Business structures and company registration in Hungary Read More »
Are you wondering about starting a business during the pandemic? Among other favorable conditions, Hungary offers the option of forming a company by power of attorney. This is a significant advantage since international travel is still restricted. All you need is a reliable partner to take care of the bureaucracy: a role that we will …
Attestation of POAs for company formation in Hungary Read More »
