Hungary

Hungary has the lowest corporate tax in the EU. It is attracting lot of attention with this, even though the VAT is very high. The highest in the world. Overall many businesses can have great benefits in Hungary if their business is in Hungary. Hungarian wages are quite low and English is widely spoken. If the trade is meant to be within the EU but not Hungary, then we would advise other countries.

Corporate tax VAT
9% 27%

Limited liability company

Kft

Minimum Share capital

min 1 EUR

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

No

Bank signatory must travel

In most cases yes

Timescale for company formation

2 weeks

Timescale for bank account opening

7 days

Timescale for obtaining VAT number

7 days

Statutory audit requirements

No

Shelf companies available

Yes

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