Entrepreneurial companies (limited liability companies) in short: UG (haftungsbeschränkt), in standard language, Mini-GmbH or 1 € GmbH
The “mini” GmbH is one of the most popular new form of company, which is legally accepted from 1st November 2008.
This is a new entrepreneurial form for small and medium-sized enterprises (SMEs). This is the retuned version of mini GmbH for structure of the classic form of GmbH.
The minimal investment capital is one euro, and its legal form offers an opportunity for new (start up) businesses by ensuring limited liability. Beside the company share, there is the legal liability to retain at least 25% of the annual profit as a reserve composing share capital, until this does not reach the minimal company share (25 000 euros) of a traditional Kft.
Mini GmbH, with € 1 share capital investment packet contains:
What does the incorporation fee contain?
- Preparation of documents
- Appointment with the notary for certification
- Bank account opening
What does not the incorporation fee contain?
- The notary’s charge
- Stamp duty of the court of registration
The court registration generally registers the enterprise within 2-4 weeks.
We provided as needed (for extra charge)
- headquarters and office address
- accountant and tax adviser
- several office services
- official and certified translations at a reasonable price