Our legal fees for company procedures:
- Kft. (similar to LTD or LLC in meaning), Bt. company formation – 19.900 HUF (no VAT)
- Online cégalapítás Skype-on – 19.900 Ft (nincs ÁFA)
- Kft., Bt. company modification – 23.900 HUF (no VAT)
- Kft., Bt. transfer of shares – 33.900 HUF (no VAT)
- Learn about our services
Company forms / Company types
1) Limited partnership (LP)
– Liability of general and limited partners: the general partner is liable with their entire personal assets, while the limited partner is liable only up to the amount of their capital contribution, towards the creditors.
– The law does not set a mandatory minimum founding capital, but a certain amount of capital contribution is required, even as little as 1,000 HUF.
– Managed by a managing director.
– At least two members are required to establish it (a single-member LP is not possible).
– A sole proprietor cannot be a general partner of a limited partnership (Bt.) but can be a limited partner.
We are at your service for the establishment of a Limited Partnership (LP)!
2) General partnership (GP)
– A limited liability company is possible with minimal starting capital, but the members are personally and unlimitedly liable for the company’s debts.
– The law does not set a mandatory minimum founding capital, but a certain amount of capital contribution is required, even as little as 1,000 HUF.
– The Kkt. is a popular form of partnership for smaller, family-type businesses with low capital requirements, based entirely on the personal involvement of all members.
– A sole proprietor or the general partner of a limited partnership (LP/Bt.) cannot be a member of a Kkt. member.
Unfortunately, we haven’t established a general partnership (Kkt.) yet, as no one has requested it so far.
3) Limited Liability Company (similar to LTD or LLC in meaning)
– Can be founded by one or more persons.
– A minimum share capital of 3 million HUF is required, which the founding member can provide even after several years; however, no dividends can be withdrawn from the company until the full share capital has been paid.
– The member’s obligation toward the company extends to contributing their capital share and any other financial contributions specified in the articles of association. The member is not personally liable for the company’s obligations.
– It is managed by a managing director.
We are at your service for the establishment of a Limited Liability Company (LLC)!
4) Joint-Stock Company (Public or Private, Nyrt. or Zrt.)
– Can be established with a share capital consisting of a predetermined number of shares with a nominal value, and the shareholder’s obligation toward the company is limited to providing the nominal or issue value of the shares. – A joint-stock company whose shares are listed on the stock exchange is considered a public joint-stock company (Nyrt.).
– A joint-stock company whose shares are not listed on the stock exchange is considered a private joint-stock company (Zrt.).
– The general meeting (composed of shareholders) holds decision-making authority.
– A private joint-stock company (Zrt.) is managed by a CEO or a board of directors consisting of at least three members (appointed for a fixed or indefinite term), while a public joint-stock company (Nyrt.) is managed by a board of directors of at least three members.
– Supervisory Board : in the case of a public limited-liability company, the election of a supervisory board is compulsory, except in the cases provided for in the common rules for companies.
– In the case of a private limited company, a supervisory board must be set up if the shareholders holding at least five per cent of the voting rights together so request, otherwise it is not required.
– The share capital of a private joint-stock company (Zrt.) cannot be less than 5 million HUF. The share capital of a publicly traded joint-stock company (Nyrt.) cannot be less than 20 million HUF.
Unfortunately, we haven’t established a joint-stock company yet, as no one has requested it so far.
Compare the different types of companies and choose the one that best suits you! Of course, consult a lawyer and an accountant before founding your company, as many things depend on the choice of company form!
| Name | General Partnership (Kkt.) | Limited Partnership (Bt.) | Limited Liability Company (Kft.) | Joint-Stock Company (Nyrt. / Zrt.) |
| Abbreviation | GP | LP | Similar to LTD or LLC in meaning | Public JSC and Private JSC |
| Purpose | Carrying out economic activities on a regular basis | |||
| Founding Document | Articles of Association | Articles of Association | Articles of Association or Deed of Foundation (for a single-member LLC) | Bylaws |
| Who can be members? | Anyone (except those under legal prohibition). At least 2 members. A natural person (except a minor) can simultaneously be a general partner in only one Kkt. or Bt. A general partner of a Kkt. cannot be a limited partnership (Bt.) or a sole proprietorship, nor its member. | Anyone (except those under legal prohibition). At least 1+1 members are required (limited partner – general partner). A natural person (except a minor) can simultaneously be a general partner in only one Kkt. or Bt. A general partner of a Bt. cannot be a general partner of a general partnership (Kkt.) or a sole proprietorship, nor its member. | Anyone (except those under legal prohibition). It can have a single member. | Anyone (except those under legal prohibition). It can have a single member. |
| Minimum Capital Contribution | Cash, in-kind contribution, or personal involvement; no specific amount is required, even 100 HUF is acceptable. | For an LLC, the minimum share capital is 3 million HUF, which can be in cash or non-cash (in-kind) contributions, e.g., ownership rights – excluding obligations for work, personal involvement, or services. | For a joint-stock company, the minimum share capital is 20 million HUF in cash or in-kind contributions for a public formation (Nyrt.) and 5 million HUF in cash or in-kind contributions for a private formation (Zrt.). | |
| Organization | Supreme body: the meeting of members. | Supreme body: the members’ meeting. | Supreme body: the general meeting (shareholders’ meeting). | |
| Representation, management | Only a member of the GP can be a managing director (one or more) | Only the general partner can serve as the managing director of a limited partnership (Bt.). | 1 or more managers are possible. The managers may act individually or jointly. | In the open case, the board of directors; in the closed case, the CEO or board of directors. |
| Decision-Making | Each member votes individually; as a general rule, 1 person = 1 vote, although the articles of association may provide otherwise. | The voting right is proportional to the member’s capital contribution and can be exercised personally or via a representative. | For joint-stock companies, voting rights are proportional to the nominal value of the shares, but preferred shares with special voting rights also exist. | |
| Termination of Membership Without a Legal Successor: | the period for which it was established expires. | |||
| decides to wind up the company | ||||
| is dissolved by the court in winding-up proceedings | ||||
| the company court declares the company terminated. | ||||
Contact
Contact
Our services
FREE
No fees!
Using a Registered Office Service
19.900 HUF
(no VAT)
No tax
Title deed check:
4800 HUF/property
19.900 HUF
(no VAT)
No tax
Title deed check:
4800 HUF/property
FREE
(no VAT)
+ duty costs
Using a Registered Office Service
23.900 HUF
(no VAT)
+ duty costs
33.900 HUF
(no VAT)
+ duty costs
If our lawyer handles the company formation, it is free of charge!
19.000 HUF
(no VAT)
+ duty costs
29.900 HUF
(no VAT)
+ duty costs
If our lawyer handles the company formation, it is free of charge!
Otherwise. Advice on company formation: 6000 HUF / 20 minutes
Our additional services
Registered Office Service in Budapest
Registered Office Service in a place exempt from business tax
(0% IPA) in Csomád
Registered Office Service in a place exempt from business tax
(0% IPA) in Vizslás
Location service
Business tax free location (0% IPA) – Csomád
Location service
Business tax free location (0% IPA) – Vizslás
Our benefits
Expertise and experience
For more than 10 years, we have been providing various services related to company procedures.
Efficient administration
We make the process of setting up a company simple for you with automated processes and online access.
Speed
We are flexible and fast. We can arrange an appointment and complete the transaction even the next day.
Easily accessible offices
Our office is centrally located with good parking.
Additional services
We offer legal and other services to support your business.
Our office
1064 Budapest, Podmaniczky u. 57. II/14.
(3 minutes from the West Railway Station)
Our downtown office is easily accessible, parking is available right in front of our office.
Opening hours:
Monday | 8:00-16:30 |
Tuesday | 8:00-17:30 |
Wednesday | 8:00-16:30 |
Thursday | 8:00-16:30 |
Friday | 8:00-15:30 |
About us
At Cegszolgalat Kft., we have provided expert assistance in the formation and modification of more than 20,000 companies, with lawyers specialising in company formation and modification.
In Hungary, we have provided registered office services, accounting and legal tax relief solutions to thousands of companies.
Call or write now: +36 1 445 3300, kapcsolat@cegjog.net or come to our office in person, where our lawyer will answer all your questions about company formation and company law in a legal consultation! We are at your disposal with FREE company formation advice when you order company formation or company modification services from us.
About us
At Cegszolgalat Kft., we have provided expert assistance in the formation and modification of more than 20,000 companies, with lawyers specialising in company formation and modification.
In Hungary, we have provided registered office services, accounting and legal tax relief solutions to thousands of companies.
Call or write now:
+36 1 445 3300, kapcsolat@cegjog.net or come in person to our office, where our lawyer will answer all your questions about company formation and company law company law! We offer FREE company formation services when you order company formation or company modification services from us.