Hungarian business environment
is recommended for the incorporation of a company
with business activities in the field of information technology (IT)
, as this market is one of the most representatives in the Central Europe. Foreign investors should also know that Hungary
is a member state of the European Union (EU) and, as such, the legislation applicable to companies
here is following EU’s directives.
An IT company in Hungary
is incorporated following specific steps, which are compulsory for all types of business
registered here. However, it is important to know that this type of business
may need to obtain special permits and licenses
issued for the IT field
; our team of Hungarian company incorporation representatives
can provide assistance on this matter.
Open a company in Hungary
It is crucial to choose a legal entity
which will best represent the interests of the investors. There are several legal entities
which are available for foreign investors and it is important to know that the local legislation prescribes only few restrictions to foreigners performing business activities on the Hungarian market
Investors can choose from the following:
• general partnership;
• limited partnership;
• joint stock company.
After the investor decided what legal entity
is better suited for his or her activities, it is necessary to draft the statutory documents
of the future company
. After this procedure is completed, the next step is to open a corporate bank account
, in which the minimum share capital will be deposited, in accordance with the provisions stipulated in the statutory documents; our team of Hungarian company formation consultants
can provide more details on the provisions of the documents.
IT industry in Hungary
When investing in Hungary
, investors should know that the local economy is a part of the EU’s Digital Single Marke
t, a project which aims at the development of the local economy through the use of digital services and products
The local market is very interested in the IT services and products, as more than 95% of the Hungarian households benefit from fixed broadband services.