How long does it take to form a company in Hungary?
It takes about 1 week to incorporate an LLC in Hungary. Note that this duration period is also dependent on the swiftness of providing the necessary documents.

Can I form a company in Hungary remotely?
The whole incorporation process can be conducted remotely. No travel is necessary. However, the notarization of documents is necessary.

A Power of Attorney (POA) from (all) partners/shareholders is needed;
The POA is sent to you by us based on the services you want;
You have to certify the POA by a notary and, in some cases, legalize it by apostille (some countries need full legalization);
Once you have the POA on you, we double-check, and you send us the original form (physical document) via courier to our address;
Hungary is part of the Hague Convention of the Apostille.

Required documents to provide to register a company in Hungary
The following documents are typically required from entrepreneurs willing to form an LLC in Hungary:

Passport copies of directors and shareholders;
Proof of address;
Desired company name and contact details;
Business activity codes (based on NACE classification);
Personal details such as the city of birth and the mother’s maiden name.

Every Hungarian LLC has to get a VAT number (included in our services)
Hungarian companies are automatically registered for VAT upon registration, and, as soon as they get their Hungarian VAT number, they can also immediately obtain their EU VAT number.

The VAT rate is 27%;
Whether there are business activities or not, VAT reporting must be done monthly;
A VAT refund is possible. For the first-time VAT refund, the refundable amount must be at least 1 million HUF. All other succeeding refunds can be obtained regardless of the amount.

Required documents to provide to register a company in Hungary
Passport copies (scans) of shareholder/s and director/s, as well as beneficiary owner, if applicable;
A Power of Attorney (in case of a remote company registration);
Certified company documents (in case at least one of the shareholders is going to be a foreign company).
Note: The minimum capital requirement depends on the structure of the company you intend to register, but for the more popular structure, a Limited Liability Company (Kft.), the requirement is at least HUF3 million (about 10,000 EUR).