Starting a business in Hungary

Legal Forms of Companies

Korlatolt felelossegu tarsasag (KFT) is a Private Limited Company

Number of partners: No limitation on the number of partners.
Capital (max/min): Minimum HUF 500,000. Capital can be contributed in cash or in kind.
Shareholders and liability: Liability is limited to the amount contributed.

Reszveny tarsasag (RT) is a Public Limited Company

Number of partners: No limitation on the number of partners. There are two types of RT: closed company limited by shares or ZRT (shares not available to the public) and Public company limited by shares or NYRT (shares listed on the stock exchange for the public).
Capital (max/min): HUF 5 millionfor ZRT and HUF 20 million for NYRT
Shareholders and liability: Liability is limited to the amount contributed.

Kozkereseti tarsasag (KFT) is a general partnership

Number of partners: Minimum two partners.
Capital (max/min): No minimum capital required
Shareholders and liability: Members' liability for the partnership's obligations is joint and unlimited.

Beteti tarsasag (BT) is a limited partnership

Number of partners: No limitation on the number of partners. Two types of partners: active partners (General Partner) and sleeping partners (Limited Partner). There must be at least one of each type.
Capital (max/min): No minimum capital
Shareholders and liability: Unlimited liability for General Partner.

Limited liability for the external partners (Limited Partner).

Business Setup Procedures

Source: Doing Business - Latest available data.