Mandatory Registration At Business Chambers

Act CXXI of 1999 on Business Chambers is to be amended as of 1 January 2012 to include the following major changes:  

• all newly established economic organisations (including Kft-s and Zrt-s, among others) required to be registered in the companies' register shall request their registration with the competent local chamber of commerce and industry within 5 business days from registration by the Court of Registry;
• economic organisations (including Kft-s and Zrt-s, among others) already registered in the companies' register will have 60 days starting on 1 January 2012 to initiate their registration with the competent local chamber of commerce and industry;
• those pursuing agricultural and forestry activities are exempt from the above rules.