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Hungarian company (low tax) + bank account for non-resident

Hi you can form a Kft without depositing the share capital. Company is formed in a couple of days incl the VAT nr. Banking might be a bit complicated as the Director/UBO needs to appear in person at the bank ( or remote with EMI). Tax rates are correct
 
Hi you can form a Kft without depositing the share capital. Company is formed in a couple of days incl the VAT nr. Banking might be a bit complicated as the Director/UBO needs to appear in person at the bank ( or remote with EMI). Tax rates are correct
Great!
What are the cost for this setup?
Do you have a local law firm to recommend ?
Have no problem to go personal to bank.
 
Think twice before you establish Kft in Hungary.
  1. There is an additional profit witholding 16% tax for you as an company owner without a domicile in Hungary that you must pay to Hungarian tax office when you cash out your profit.
  2. Another big problem is VAT registration and 27% VAT which is the highest in EU.
  3. Overall the tax system in Hungary is very complex and political system unstable.

BTW the setup costs are around 1.500€
 

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