Even if you pay tax in Hungary there still benefits to such setup... you aren't in public registry and you don't have to pay yourself a salary. Probably no accountant also.
And you will have to pay tax on dividends if you incorporate in Cyprus, Nevis, BVI or whatever.
Also about DTA(Double Tax...
From January 1, 2010 a foreign company which either (i) has a beneficial owner who is a Hungarian tax resident private individual holding a ten percent interest during the majority of the tax year or (ii) derives the majority of its income from Hungarian sources, will be treated as a CFC...
No you can't.
So if a Delaware/Wyoming company would sell to customer in Texas or Florida it would not pay any federal income tax? Too good to be true.
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