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Business Set-Up in Hungary

Ensure your peace of mind - browse client testimonials before selecting a lawyer in Hungary.

"Further to the passing of my daughter, I contacted Peter to assist me with the closing of her bank account in Budapest. Peter was extremely helpful in dealing with the bank. Not an easy situation as receiving the proper information from them was quite challenging, but he definitely stayed on top of the case and did his utmost for ensure that the necessary was done.

He always kept me duly informed of the progress and provided assistance as well with the local steps I had to undertake here in Luxembourg wit the Hungarian Consulate. Peter also helped me with other Hungarian administrative documents which I had received for my daughter to ensure that nothing was left pending. He took the time to contact the required offices to advise them of the passing of may daughter and that whatever needed to be done with them was done. I would have not been able to solve this without his assistance.

Peter was always very professional and I felt really got himself involved in the matter. I truly appreciated his assistance and it would be a pleasure to have the opportunity to meet him and thank him in person. I could have not asked for a better person and better support."

Murielle Gaudio, Luxembourg (Jun 02, 2021)
Established more than
10 years ago
Present in 20
European Countries
Over 30,000 client enquiries
successfully managed

Service Details

Business Set-Up

Available in the following locations: Budapest.

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

1Who is this Service for?

If you have already decided on the type of business you want to run, and where you wish to locate it, then the main decision you will need to make is whether you should set it up as a limited company or as a sole trader.

This can be extremely important as you can save a considerable amount of money depending on which option you choose. Both have benefits and drawbacks.

Self-employed is of course cheaper to set-up and less costly to manage since the reporting requirements are lesser than in the case of limited companies.

On the other hand, limited companies do limit your liability in the case of a claim against your business, which depending on the type of business could be the only reason you need to opt for this type of structure. Otherwise, a limited company is rather more flexible when there are a number of partners or when the company has other, more complex attributes.

2What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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