are regulated by the 2013 Act V, stated by the New Civil Code of Hungary
; the shareholders’ rights and obligations
are regulated by the above mentioned Act. In Hungary
, only companies limited by shares
can have shareholders
and if you are interested in opening a business
here, our Hungarian company formation specialists
can provide you with an in-depth presentation on the legislation under which foreign or local companies can function.
Company registration and minimum capital in Hungary
Foreign investors interested in opening a company in Hungary
should know that, under the Hungarian legislation
, only the following legal entities
have limited liability
• company limited by shares – Részvénytársasá (RT), which can be private - Zártkörűen Működő Részvénytársaság (ZRT) or public - Nyilvánosan Működő Részvénytársaság (NYRT);
• limited liability company - Korlátolt felelősségű társaság (KFT).
are allowed only in the case of a company limited by shares
, which can be a ZRT or NYRT. The incorporation of ZRT company
requires a minimum share capital of HUF 5,000,000
, while for the registration of a NYRT
legal entity it is necessary a share capital of HUF 20,000,000
Provisions regarding shareholders in Hungary
The Hungarian legislation
stipulates that a company incorporated as a limited liability company
can have a minimum of one shareholder
. Shareholders in a company
have the same rights and obligations as long as they have the same proportion of shares of the company
; those who have at least 5% of the voting rights
in the company are allowed to call on a general meeting, if needed (this rule is applicable for both ZRT or NYRT legal entities).
Shareholders have the following rights:
• participate at the general meetings;
• voting rights;
• receive dividends;
• ask for information related to the business.
Shareholders can take a legal action against the directorate of the company, as long as the shareholders have at least 5% of the voting rights in the company.