Set up an Hungarian Limited Company
When it comes to Hungarian structures, the most common structure in Hungary is a KFT which is a limited liability company. A Hungarian KFT is akin to a Swiss/German GmbH/Spanish SL/French Sarl.
A company may also be formed as a ZRT which is a private company limited by shares akin to AG in Germany and Switzerland, or a S.A. in France and Spain. The main difference between ZRT and such foreign structures is that shares of a ZRT may not be listed in a stock exchange.
The minimum statutory registered capital of a KFT is HUF 3,000,000 (around USD 10,000).
The minimum statutory registered capital of a ZRT is HUF 5,000,000 (around USD 17,000)
It’s not necessary to pay up full the initial capital at the time of the registration. However, the share capital shall be paid over the course of the first year.
The company can be formed by one or more shareholders, who can be individuals or legal entities nationals and residents outside of Hungary, and one or more directors who shall be individuals (corporate directors are not allowed), from any nationality or residency.