Set up a Real Estate Agency in Hungary

Real estate agencies are established to provide legal assistance to those who are interested in purchasing or renting a real estate property in Hungary. Businessmen interested in this field should that Hungary presents many business opportunities in this sense, as the country began a gradual recovery in 2014, when the housing transactions increased by 17% compared to the previous year. Those who want to open a real estate agency in Hungary can receive assistance on the incorporation procedure from our team of Hungarian company incorporation representatives, who can act on the behalf of the investors in this process. 

 

The registration process of a real estate agency in Hungary is identical with the incorporation procedure available for all commercial companies set up here. Businessmen will need the assistance of persons specialized in the commercial legislation for the drafting of the statutory documents of the future company, which are represented by the memorandum and articles of associations. Such documents will be drafted in accordance with the legal entity under which the company will function, but it is important to know that one of the most common legal entities registered here is the limited liability company. 

 

Companies have to be registered at the Registration Court, a procedure which can be registered by a standard or simplified electronic procedure. Of course, it will also be necessary to register with relevant authorities for taxation and social security purposes; our team of Hungarian company incorporation agents can offer more details in this sense. 

 

The real estate agencies in Hungary can act on the behalf of their clients in order to find a suitable property that would interest a natural person or a legal entity. Foreigners are allowed to purchase or rent properties here and after 2004, when the country became a member of the European Union, the process was simplified to accommodate the needs of the European residents. 

 

Expats can purchase a property here if they own a residence permit issued by the local authorities, a process to which the person should submit in the first 30 days after his or her arrival in the country. 

 

Businessmen interested in receiving more details on the procedure referring to the incorporation of a real estate agency in Hungary, can address to our team of Hungarian company formation specialists.