Foundation of firms

Requirements for the establishment of a trading company

Documents and data to be presented:

Names of partners (individuals or legal entities).
Commercial Registration Certificate stating:
Date of establishment.
The social capital and its distribution among the partners, mode and date of delivery (signature of all partners, location, name, activity).
Administrators
Personal identification data.
Statement that the company is valid. Individuals (managers, partners, etc), full name, address, full name of the mother.
Name and headquarters of Hungarian society (H1 Investment offers among its services foundation of a headquarter for societies in Hungary)

Documents to be signed:

Bylaws signed by the partners.
List of partners.
Application Registry. Registration to the Tax and Financial Control Administration (APEH)
Authorization for attorney to represent the company in the registration procedures.
Recognition of the signature of administrators by a notary in Hungary.
Appointment and acceptance of office.
Procedures for the constitution:
To send necessary documents and data.
To open a pre- bank account at a Hungarian bank in Forints and another in Euros.
To transfer capital for the constitution.

The minimum capital is 500,000 HUF.

A bank account should be opened at a Hungarian bank in Forints and in Euros.
Persons (both natural and legal) not domiciled in Hungary, must appoint a Hungarian resident for official mail delivery. (H1 Investment offers this service).
Single-member societies are required to appoint an auditor.