SIA company formation
A limited liability partnership, or LLP, is a company form designed for partners who want a voice in managing their firm, but do not want to share liability. Generally speaking, a partner in an LLP is not responsible for the debts or liabilities of the other partners.
Incorporation costs
- Service price: 1 300 €
- Licenses: depends on scopes
- Minimal capital: 2 000 Leva
You may select and order the available company formations below and find the related informations with additional services on the right side.
Introduction
We form new limited companies according to customer requirements. Normally it takes one week to form a new company after we receive all the documents sent by the shareholders (Affidavits, Power of Attorney and Articles of Incorporation), which would be provided by us. Our service includes all the necessary additional filings and registrations so that the newly-formed company is ready to trade. These include reserving the reservation name, drafting the articles of association, depositing the share capital at a chosen bank, submission of the file at the Trade Register and undertaking of the certificate of incorporation and registration for VAT number. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A Croatian limited company may have a single shareholder, who may also be its sole representative and manager (director). The minimum share capital for a limited liability company is 2 620 €. The company may be seated in any city or resident location in Croatia. Its subsequent management address may differ from the registered address.
Further important information:
- No local business and vehicle tax
- Tax base can be deduced by several items
- Free and immediate EU tax number in case the owner is in the EU member / citizen
- We can provide book-keeping in Hungarian language
Dividend / shares tax is 12% since March 2012 (under 12 000,- HRK payment per year and no dividend / shares tax in case the dividend is invested in increasing the shares)
Employment and residence:
EU citizens can work and reside in Croatia without work and residence permit since 1st July, 2013.
Non-EU citizens:
Work and residence permit is required for the employment in Croatia. Such permit is issued by the authorities for one year and must be extended each year.
Work and residence permit is issued by the authorities on the basis of civil rights for D.o.o. managing directors.
In case D.o.o. has a managing director only - and has no employees - who does not stay in Croatia more than 90 days per year, no need for work or residence permit. In such case not all the work-related expenses may be claimed (e.g.: costs of the vehicle, fuel etc.) Foreigners’ work is ruled by quotas in Croatia and the year quotas are issued by the Ministry of Labour. Quotas can be required also in the Ministry of Labour.
D.o.o. cégforma alapítása
Please select a company formation below
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You may select bookkeeping, bank-account opening, head office and more additional services to your company formation order.
We try to collect all subjects about the ordered services and publish on the ordering pages to help you make better decision. If you left any questions unanswered or need scheduled services please contact us at email@irodacenter.com email address.
Hungary
Austria
Bulgaria
Croatia
Czech Republic
Poland
Romania
Scotland
Slovakia
You may select and order the available company formations below and find the related informations with additional services on the right side.
KG company formation
Limited Partnership is a company form in Austria, Germany and Switzerland.
Kommanditgesellschaft is one of the easiest incorporation. We recommend this until the annual turnover of 200 000 €.
Incorporation costs
- Service price: 1 800 €
- Licenses: depends on scopes
- Minimum capital: 0 €
GmbH Light company formation
Simplified Limited Liability Company is a company form in Austria, Switzerland and Germany.
We recommend the GmbH Light if the annual turnover between of 200 000 - 1 000 000 €. Can be formed since 2013.
Incorporation costs
- Service price: 3 000 €
- Licenses: depends on scopes
- Minimum capital: 10 000 €
GmbH company formation
Limited Liability Company is a company in Austria, Switzerland and Germany.
We recommend the GmbH formation from annual turnover of 1 000 000 €.
Incorporation costs
- Service price: 5 800 €
- Licenses: depends on scopes
- Minimum capital: 35 000 €
You may select and order the available company formations below and find the related informations with additional services on the right side.
Introduction
We form new limited companies (OOD and EOOD type) according to customer requirements. Normally it takes two weeks to form a new company in Bulgaria. Our service includes all the necessary additional filings and registrations so that the newly-formed company is ready to trade. These include registration with the Bulstat register and the National Revenue Agency. The minimum required equity capital by law is BGN 2. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A Bulgarian limited company may have a single shareholder, who may also be its sole representative and manager (director). The company may be seated in any city or resident location in Bulgaria. Its subsequent management address may differ from the registered address.
Key benefits
- Corporate Tax is just 10%
- Dividend payout and other income distribution withholding tax is 5%
- It is a member country of the European Union
- Bulgaria has double taxation avoidance agreements with the majority of the off-shore territories globally
- The country has market economy and governed by the rules of law
- Bulgaria operates a currency board system. The Bulgarian Leva is fixed to the Euro
- It is strategically located on the routes of major trade flows and possesses the critical infrastructure required
- There is abundance of industrial zones and centers including disused brown fields with legacy infrastructure in place
- The work force is highly educated, accepting change and competitively remunerated
- A very beneficial feature is the proximity to the European market core economies
- There are scores of flights to and from the capital Sofia to the main European Capitals
- Bulgaria can further offer you a way to reduce your costs through relocating key personnel as the personal taxes are fixed at the flat level of 10% for all income brackets
OOD company formation
Limited Liability Company is a company form in Bulgaria.
Incorporation costs
- Service price: 1 220 €
- Licenses: depends on scopes
- Minimum capital: 2 Leva
EOOD company formation
One person Limited Liability Company is a company form in Bulgaria.
Incorporation costs
- Service price: 1 220 €
- Licenses: depends on scopes
- Minimal capital: 2 Leva
You may select and order the available company formations below and find the related informations with additional services on the right side.
Introduction
Normally it takes one week to form a new company after we receive all the documents sent by the shareholders (Affidavits, Power of Attorney and Articles of Incorporation), which would be provided by us. Our service includes all the necessary additional filings and registrations so that the newly-formed company is ready to trade. These include reserving the reservation name, drafting the articles of association, depositing the share capital (approx: 8000 Eur) at a chosen bank, submission of the file at the Trade Register and undertaking of the certificate of incorporation and registration for VAT number. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A limited company may have a single shareholder, who may also be its sole representative and manager (director). The company may be seated in any city or resident location in the Country.
S.R.O. company formation
Limited Liability Company is a company form in Slovakia and Czech Republic.
Incorporation costs
- Service price: 1 300 €
- Licenses: depends on scopes
- Minimum capital: 200 000 CZK
Buy your Hungarian company formation discount package from us!
Save money, save time and save unwanted stress with us!
Buy your discount package with all the necessary corporation items included (bank account, registered office service and VAT number). Our professional incorporation experts will guide you through the full process.
The company formation and bank account opening documents do not need to be signed in Hungary. Our clients can sign the necessary documents anywhere in the World in the local Hungarian consulates.
Or if you prefer that you can visit us for one full day in our Budapest office for the company formation, bank account opening and meeting the accountant. This way is the fastest way- the full process takes only one day (after we received the necessary documents and 50% advance for the documents preparation process)! You can start using your company right after completing the corporation documents in our office!
About Hungary
is a European Union Member country since 2004, a democtratic parlamentary republic with institutionally open economy. Hungary is also a member of the Schengen countries which means Hungarian business visa holders can travel freely in the Schengen area.
The country is located in Central Europe, offers a perfect destination for foreign investors who want to extend their business or need a stable pillar in the European Union. Being a member of the Visegrad Group, Hungary has a developed economy with easy access to all markets.
The capital is Budapest (population: 2,000,000), most flights come to Liszt Ferenc Airport, which is easily reachable through any major European cities. Or Vienna is only 3 hours by train from Budapest.
The Hungarian economy is mostly similar to other European countries. 66% of the GDP comes from the service sector, the industrial sector takes 25% of the GDP. Recently, the output of export orientated companies are increasing very rapidly.
Most part of foreign investors are attracted by the highly educated Hungarian manpower in almost every sectors. More than 60% of the Hungarian labour force had completed a secondary or vocational training. In spite of this the wages are 60% less than the avarage in the EU27 countries, and high percent of the educated worforce speak English.
All of this makes Hungary an ideal environment to start your European business now!
Hungarian company discount package
We offer Hungarian company formation package for 1,259 EUR+VAT instead of 1,390 EUR+VAT
(Company formation 990EUR+VAT, bank account 250EUR+VAT, 6 months registered office 150EUR+VAT)
The fee contains:
- All the company legal fees, official fees and duties
- 6 months free registered office service
- One bank account opening in Sberbank Hungary
- Mandatory registration at the local municipality authority
- Immediate and guaranteed EU VAT number issuing, not like in other EU countries
Physical office and local director, secretary is not required in Hungary!
English speaking accountants are available from 75 EUR+VAT/month.
The clients receive both paper based counter-signed incorporation documents and electronically attested files of the legal documents during the incorporation process in our office.
The company purchase documents do not need to be signed in Hungary. Our clients can sign the necessary documents anywhere in the World. Although we recommend our clients to visit us because of the high consulate attestation expenses, longer time-frame and the risks of the possible mistakes during the remote process!
In case we do not have an available shelf company in stock, we form a new one with exactly the same conditions, same duration and same process. The new company will also get a valid EU VAT number immediately and the package will contain the same items for equivalent fee.
Forming a new company is a faster process in Hungary recently, because the company court decision is much faster in case of a new company formation. That’s why we recommend our clients to buy a new company instead of ready made one. The EU VAT number issuing is immediate and guaranteed in Hungary upon formation, thereby a new formation is a faster solution and it is just as safe as buying a shelf Hungarian kft.
Key benefits of a Hungarian company
Perfect solution in the heart of Europe with advance structure. Easy connection by train to Austria 2 hrs, Germany 5 hrs, Italy 5 hrs, Switzerland 7 hrs.
Hungary is a Schengen country with exactly the same rights as other European Union countries, living and business expenses, taxes are much lower, than most EU countries! This allows a safer, solid environment for business investments, ventures.
The rate of the Hungarian Corporate Income Tax (CIT) is 9%. Local business tax 2%
0% Withholding tax.
0% tax on dividends received.
0% tax on capital gain income.
Low minimum wage, cheap and multilingual manpower, low employer and employee contributions.
only 5% tax for intellectual products.
50% after sales tax benefit of Hungarian registered patents, inventions and royalties.
Significant tax advantages for multinational companies if they relocate their production to Hungary.
Immediate EU VAT number issuing, not like in other EU countries.
Physical office and local staff is not required.
Remote and seamless company purchase administration possible with remote bank account opening.
The share capital of a Hungarian kft is 3,000,000 HUF (approximately 9,400 EUR). Share capital downpayment can be postponed. Clients need to deposit that amount into the company’s bank account upon the date in the legal contracts. Later they can use up this money for the company’s expenses.
Hungarian company formation discount package for ONLY 1259 EUR+VAT including bank account, EU VAT number, registered office service for 6 months and cost of purchase. Cheapest in the EU! No hidden additional charges!
No other company maintenance fee besides the registered office and accountant fee.
EU company with EU VAT number. A Hungarian company can freely trade with other EU companies. EORI number can be applied by accountant.
In Hungary there is no any withholding tax on outgoing payments to third countries thats why it is an ideal place for formation of an agency company that collects the income of Overseas Clients and then forwards it to them.
Company purchase steps
You can purchase a Hungarian company remotely from your country or set up an appointment with us in our Budapest office. With an appointment you need to spend only one day in Budapest including company’s bank account assignment, meeting the accountant and do the mandatory municipality authority registration.
If you decide to visit us in Budapest, the order process is the following:
You get ahold of us via email/phone and we liaise about your inquiry. If necessary we provide more general and company information to our clients.
Our colleague is going to send you an email with an order questionnaire, where you can choose a company name and future scope of activities freely.
In the next step we are going to send you a 50% advance pro forma invoice. You can pay by bank transfer or in our office personally.
After the complete documentation and the 50% advance received we set up an appointment with the client. We require passport copy, official proof of address and official proof of personal tax number/personal number to be able to start the document preparation process.
On the day of the appointment the client needs to stay in Budapest for one day between 9:00-17:00 for the legal document signature, bank account opening, meeting the accountant and register at the local municipality authority. We will provide English speaking assistance and transportation for the full process.
The bank will activate the accounts upon the company court decision. It takes 1-7 business days usually. The bank will provide internet banking access with token, bank cards, and accounts in many currencies.
If you decide to buy your company remotely, the order process is the following:
You get ahold of us via email/phone and we liaise about your inquiry. If necessary we provide more general and company information to our clients.
Our colleague is going to send you an email with an order questionnaire, where you can choose a company name and future scope of activities.
In the next step we are going to send you a 50% advance pro forma invoice. You can pay by bank transfer.
You need to send us a copy of your valid Passport, for EU citizens government issued ID is sufficient, a copy of address card or official proof of address and personal tax number.
Preparation of the documents. We are going to email you the necessary documents to complete. The documents have to be authenticated by the local Hungarian embassy or notarized and apostilled.
Bank account assignment. Hungarian bank account can be assigned remotely. You can get online banking access and bank card(s) to make transactions remotely! Please ask for specific process details!
With Us, Your company can be registered and operable in just 1 day (after we received the complete documentation and 50% advance)!
Buy Your Hungarian company formation discount package from us now!
2016 Tax Law Changes in Hungary
This article presents the main tax law changes which affects on foreign investors who have business in Hungary.
Hungarian Individual Tax decreased from 16% to 15%.
The social security insurance expense for those people who aren’t insured by employment increased from 6930 Forints to 7050 Forints.
New Tax categories
From 1st January 2016 the Goverment introduced two new taxation categories. The „reliable” taxpayers come in for preferences, and stricter rules prevail for the „risky” taxpayers.
The Tax Authrority qualifies „reliable” those taxpayers who are VAT registered since at least 3 years, they shouldn’t have more than 500,000 Forints tax debts, and not „risky” taxpayers. The taxpayer’s total tax margin shouldn’t be more than the 3% of the recent year’s tax output. There is no bankrupt, liquidation, duress cancellation procedure against the taxpayer. No ongoing process of tax number suspending against the taxpayer.
Advantages of being a „Reliable” taxpayer.
The duration of a tax investigation by the Tax Authorities cannot be more than 180 days.
If the taxpayer miss to fulfill his/her commitments of notifications, avowals, supplying of datas, they don’t get penalties automatically, only after the warning of the Authority. The amount of the penalties decreased by 50% for them. They can pay the penalty in portions.
The Authority qualifies „risky” those taxpayers who are on the list of having significant tax debt or deficit, employing unregistered manpower or the Authority closed their business more than one time in a year.
For „risky” taxpayers the duration of tax investigation increases with 60 days.
The deadline of wiring back the claimed back VAT takes 75 days.
The interest rate in case of default of paying is 5 times higher than the basic interest rate of the bank of issue.
The top limit of the maximal penalty can be increased by 50% compare to the regular rules.
Other tax procedure changes
Tax registration process
The rules of tax registration process get stricter. In case of decline the stating of tax number the examined tax debt limits decrease from 15 and 30 to 5 and 10 million Forints and the duration of the investigation increases from 180 to 360 days.
Integration of tax and customs accounts
The tax and customs office will have a concerted account and records from 1st January 2016.
Public debt free taxpayer database
In case of the cancellation from the public debt free tax payer database the taxpayer can appeal against the cancellation within 8 days after he/she receives the notification.
Corporate tax
Growing tax credit
From 15th June 2015 a new postponed tax paying option added to the corporate tax system. This is the growing tax credit . With this construction the companies can postpone their tax paying obligations.
Other new prominent corporate tax law- All the expenses under 30 million Forints which came up correlated to an advertisement publication are acclaimed expense without any other extra conditions.
Local business tax
Research and development tax allowance
Taxpayers can decrease their basic local business tax with 10% of the total amount of their yearly Research / development („K+F”) direct charged expenses.
From 2017 taxpayers can submit their local business tax avowal electronically.
7,5% of highway and road fees can be deducted from the local business tax.
Fiscal charge
There is no fiscal charge after onerous buying utility vehicles and green vehicles.
No fiscal charge for tenants and inheritors after buying real estate.
The owners of green vehicles don’t have to pay vehicle tax.
2016 TAX LAW CHANGES IN HUNGARY
PART 2
Value Added Tax
Restriction of validating Tax reduction right duration
In case of purchasing within the EU and in case of VAT established by self taxpaying- tax reduction right will be validatable only in the period when the reducable tax revealed.
Periodically settling transaction changes
In case of periodically settling transactions the period of performance will be the last day of the paying period or settlement according to the main rule.
Changes for grouped taxpayers
From 2016 the possibilities to join the VAT group of economic companies operated by Govt. or local autonomies will be increased.
Exemption of Invoice issuing
If foreign taxpayer provides telecommunication, media or other E-communication service for Hungarian individuals, he/she doesn’t have to issue invoice, only if the customer requires.
5% VAT key for newly built real estates
This new law applies to apartments with have less than 150 sqm place or houses with less than 300 sqm place. The new VAT key can be applied for invoices issued after 1st January 2016.
Lump sum price for product fee liable vehicle parts
New option for vehicle manufacturers and dealers. An option for quantity based lump sum price paying. The first domestic distributor or stockpiler can choose the lump sum price payment for vehicle parts.
Registration tax
No tax will be applied for the 100% electronic, aerial charged hybrid electronic, zero emission and extended range hybrid vehicles.
You may select and order the available company formations below and find the related informations with additional services on the right side.
Introduction
We form new limited companies (SRL) according to customer requirements. Normally it takes one week to form a new company after we receive all the documents sent by the shareholders (Affidavits, Power of Attorney and Articles of Incorporation), which would be provided by us. Our service includes all the necessary additional filings and registrations so that the newly-formed company is ready to trade. These include reserving the reservation name, drafting the articles of association, depositing the share capital at a chosen bank, submission of the file at the Bucharest Trade Register and undertaking of the certificate of incorporation and registration for VAT number. You can choose any name to denote and distinguish your business, provided that it is available (not already used by someone else). To avoid delays, we normally ask you to provide us with two other alternative names. A Romanian limited company may have a single shareholder, who may also be its sole representative and manager (director). The company may be seated in any city or resident location in Romania. Its subsequent management address may differ from the registered address.
SRL company formation
Limited Liability Company is a company form in Romania.
Incorporation costs
- Service price: 1 240 €
- Licenses: depends on scopes
- Minimum capital: 200 RON
Ready Made Polish company package
We are forming ready made Polish companies upon request. The package contains one bank account, EU VAT number and 1 year registered office service in Radom.
The advantage of the ready made company is that it already has a bank account and EU VAT number which can be very difficult to manage if the applicant is a foreigner citizen.
The package price is 1,800 EUR. We require 50% advance to start the process.
The full Polish incorporation can be manageable remotely. The clients don’t have to visit Poland, not even for the bank account opening process.
We send out the ready made company purchase contract 1 week after the application. The client has to send back an apostilled copy to us. We also require an apostilled passport copy.
After that happened, we can submit the company transfer request to the company court, and the client will have a fully operable company with bank account and EU VAT number within a week.
We form our shelf companies upon request, which means you will receive a new ready made company. These Polish companies haven’t started any business activities obviously.
We provide accounting service through our partners.
You may select and order the available company formations below and find the related informations with additional services on the right side.
SLP company formation
A Scottish Limited Partnership. It has been around for over a century, the SLP has been used in recent times for modern business purposes such as private equity and property investment fund structures.
- Service price: 1 185 £
- Licenses: depends on scopes
- Minimal capital: 0 £
LTD company formation
This is by far the most common type of company. Its members or signatories (shareholders) limit their liability (should the business run into trouble), to the value of their shares. Profits can be reinvested in the company or transferred to shareholders in the form of dividends. ‘Private’ means the company is owned privately and it cannot offer membership (shares) to the public.
- Service price: 1 084 £
- Licenses: depends on scopes
- Minimum capital: 1 £
You may select and order the available company formations below and find the related informations with additional services on the right side.
Our standard services are offered at the prices below. The prices are quoted inclusive all fees and taxes both state and local where applicable. Where applicable we may charge VAT. We will provide you with a separate estimate for any bespoke products that you may require.
S.R.O. company formation
Limited Liability Company is a company form in Slovakia and Czech Republic.
Incorporation costs
- Service price: 1 300 €
- Licenses: depends on scopes
- Minimum capital: 200 000 SKK
LLP company formation
A limited liability partnership, or LLP, is a company form designed for partners who want a voice in managing their firm, but do not want to share liability. Generally speaking, a partner in an LLP is not responsible for the debts or liabilities of the other partners.
Incorporation costs
- Service price: 1 175 £
- Licenses: depends on scopes
- Minimal capital: 1 £
LTD company formation
This is by far the most common type of company. Its members or signatories (shareholders) limit their liability (should the business run into trouble), to the value of their shares. Profits can be reinvested in the company or transferred to shareholders in the form of dividends. ‘Private’ means the company is owned privately and it cannot offer membership (shares) to the public.
Incorporation costs
- Service price: 1 175 £
- Licenses: depends on scopes
- Minimum capital: 1 £
Features
- Personal assets of directors and shareholders are protected
- Limited status provides credibility and confidence both to suppliers and customers due to the transparent nature of the UK company system.
- Company name protection, preventing anyone else from trading under that name
- Legitimate business expenses can be claimed against tax.