Enter the Hungarian market with confidence. We guide you through the branch office setup process, ensuring full legal compliance, fast registration, and smooth market entry.
We offer a comprehensive one-stop solution to make your entry into Hungary seamless. Connect with us to unlock the opportunities that Hungary has to offer. We are experts in the requirements of European incorporation, and our branch formation packages provide various services to guide you through this process. Our experience and skills will ensure that every aspect of your formation is managed proficiently on your behalf. Take the first step by contacting us and let us do wonders for you.
A formal resolution is needed from the foreign company’s governing body to establish a branch in Hungary
The branch must appoint at least one resident representative with the authority to act on behalf of the branch.
All corporate documents must be translated into Hungarian and, depending on their country of origin, may require an apostille or notarization.
Accounting records must comply with Hungarian GAAP (Generally Accepted Accounting Principles).
The branch must register for VAT if its activities fall within the scope of VAT
The branch must be registered with the Hungarian Court of Registration
The branch must have a registered local address in Hungary, which will be used for official correspondence.
The branch must maintain separate accounts for its operations in Hungary, even though it is not a separate legal entity.
The branch is subject to Hungarian corporate income tax (currently 9%)
Yes, foreign companies can open a branch office in Hungary. However, the branch is not a separate legal entity it operates as an extension of the parent company. It must be registered with the Hungarian Court of Registration and meet all compliance requirements.
To register a branch, you need:
Yes, even though it’s not a separate legal entity, the branch must keep separate books and records in line with Hungarian GAAP. These records must be available for audit and tax purposes.
A Hungarian branch is subject to corporate income tax at 9% one of the lowest in the EU. Additionally, if the branch engages in taxable transactions, VAT registration will be required.
The setup process typically takes 2 to 4 weeks, depending on the speed of documentation preparation and translation. Our team ensures timely and compliant registration to avoid delays.
Yes, a Hungarian branch can hire local staff. Employment contracts must comply with Hungarian labour laws, and the branch must register as an employer and contribute to social security and payroll taxes.
Contact us now to discuss your expansion goals and learn how our expertise can help you achieve them in Hungary.
