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COMPANY ESTABLISHMENT AND MODIFICATION IN HUNGARY

Corporate law is one of the legal areas in which Lajos Law Firm carries out the most intense activities.

We receive frequent requests to establish a company or to modify company data. 

Lajos Law Firm professionals can help you understand what kind of legal entity is convenient for your needs (Zrt, Kft, Kkt, Bt, etc..) considering the applicable tax regulations and business law perspective or assist you in the opening of a new company bank account. They can also assist you in making company modifications: changing the managing director, board members, seat and activities, arrange the capital increase or assist during the capital decrease. They can follow the whole winding up process or support with inter company litigation (i.e. challenging decisions of the shareholder’s meeting or decrees of the company court registering modifications)

All services provided by our firm are mainly known to Italian clients residing in Hungary, as well as offered in English, Italian and Spanish. 

As a first step in a multi-year collaboration, we can draw up a legal opinion regarding the corporate procedure in both Italian and English upon request. Once our opinion has convinced clients to continue our collaboration, we offer a complete service that includes:

  • drafting of the necessary documents,
  • certified translations
  • representation before the competent corporate court.

During the company procedures we prepare the necessary documentation almost always in two pairs of languages: in Italian and Hungarian or in English and Hungarian.

Companies can take the following forms: General partnership (Kkt), Limited partnership (Bt), Limited liability company (Kft) and joint stock company or either public or private corporation  (Nyrt, Zrt).

The deed of incorporation of the company and other foundation documents have to be drafted  and  countersigned by a lawyer.

In addition, the appointment of proxy for corrispindence   is required in case the  stakeholders are from abroad.

The company can be established and operational in 4-5 working days but the times depend on how long it takes for the banks to open a bank account.

  • Drafting of documents
  • Opening a bank account
  • Assignment of fiscal code
  • Registration at the company court (Cégbirosàg)
  • Complete legal assistance for the purchase and sale of company shares/quotas

Buying and selling of company shares/quotas

Our firm provides advice that fully covers the area of ​​business law, including the purchase and sale of company shares/quotas, sales of foreign shareholdings, corporate merger and acquisition services and related due diligence services.

Our team consists of 15 experienced professionals trained in a large number of Hungarian law areas (mainly business law) to offer you full legal assistance in Budapest.

We never try to avoid the most complicated cases, because exactly such challenges are the beauty of our profession. The foundation of our work is trust, which we have to gain day by day with an approach based on responsibility and professionalism.

Request a consultation with our lawyers to start building a long-term partnership based on trust.

Meet ITL Group’s partner!

Levente Lajos

Founding Partner at Lajos Law Firm

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