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

Discussion in 'Offshore Company formation' started by Min Park, Jan 11, 2019.

  1. Min Park

    Min Park Building Trust Entrepreneur

  2. UScorp

    UScorp Active Member

    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
     
  3. Min Park

    Min Park Building Trust Entrepreneur

    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.
     
  4. UScorp

    UScorp Active Member

    PM me
     
  5. Macky

    Macky Member

    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€
     
  6. Min Park

    Min Park Building Trust Entrepreneur

    1. Can you send me link about that? didn't so any info about that.
    2. No problem. customers isn't from EU region.
    3. Taking local accounting services.
     
  7. Macky

    Macky Member

    Just google this:
    hungary kft dividends witholding tax for foreigners deloitte.com
     
  8. UScorp

    UScorp Active Member