Starting Business in Hungary

This table summarizes the procedures and costs associated with setting up a business in Hungary

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Nature of Procedure (2006) Proc # Duration (days) US$ Cost Hire lawyer who represents the company, creates company deeds, and prepares other legal documents.  1  3  1,289.33 Notarize specimen signatures and documents 2 2 185.96 Pay at least 50% of subscription amount (at least Ft 1,000,000) into the bank account designated at the time of subscription. 3 1 0.00 Apply for registration at the Registration Court 4 30 619.87 Register for social security 5 1 0.00 File an announcement with the central and local tax authorities, statistical office and Social Security authorities 6 1 0.00 Totals: 6 38 $2,095.17