Types of organisations in Hungary

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Types of organisation

	Name in local language	Registrable in commercial register / legal entity	Minimum capital	Sole-shareholder company
Limited liability company	Korlátolt Felelősségű Társaság (Kft.)	yes / yes	HUF 3,000,000 (EUR 7,500), HUF 100,000 (EUR 250) per shareholder	yes
Stock company public	Nyilvánosan Működő Részvénytársaság (Nyrt.)	yes / yes	HUF 20,000,000 (EUR 50,000) for public	yes
Stock company private	Zártkörűen Működő Részvénytársaság (Zrt.)	yes / yes	HUF 5,000,000 (EUR 12,500) for private	yes
Cooperative	Szövetkezet	yes / yes	no	no
General partnership	Közkereseti Társsaság (Kkt.)	yes / yes	no	no
Limited partnership	Betéti Társaság (Bt.)	yes / yes	no	no
Registered branch office	Fióktelep	yes / no	no	n / a
Permanent establishment	Telephely	no / no	no	n / a

	Capital tax / registration fees	Written form / Notarisation or counter-signature by lawyer	Tax transparency	Registration with tax authorities	Statutory audit (revenues more than HUF 300 million (EUR 855,000), resp. number of employees > 50)
Limited liability company	– / registration in commercial register, changes in commercial register entries	yes / yes	no	yes	Where revenues exceed HUF 300 million (EUR 750,000), resp. number of employees > 50
Stock company	– / registration in commercial register, changes in commercial register entries	yes / yes	no	yes	Where revenues exceed HUF 300 million (EUR 750,000), resp. number of employees > 50
Cooperative	– / registration in commercial register, changes in commercial register entries	yes / yes	no	yes	Where revenues exceed HUF 300 million(EUR 750,000), resp. number of employees > 50
General partnership	– / registration in commercial register, changes in commercial register entries	yes / yes	no	yes	Where revenues exceed HUF 300 million (EUR 750,000), resp. number of employees > 50
Limited partnership	– / registration in commercial register, changes in commercial register entries	yes / yes	no	yes	Where revenues exceed HUF 300 million (EUR 750,000), resp. number of employees > 50
Registered branch office	– / registration in commercial register, changes in commercial register entries	yes / yes	n / a	yes	obligatory
Permanent establishment	- / -	- / -	n / a	yes	no