Offshore In Hungary

According to the relevant legal regulations in Hungary off-shore companies may be established in two main company forms, such as limited liability companies or companies limited by shares. In practice these kinds of undertakings are established in the form of limited liability companies, basically because of the costs of foundation and running as well as of the rules of liability.

An off-shore company may be a limited liability company or a company limited by shares that is registered in Hungary, has a domestic registered place of business, is entirely (100%) owned by foreign owners, and in each given tax year simultaneously and continuously complies with the following conditions:

• The company has a certification of registration at the Tax Authority.