October 27, 2017

OTHER INFORMATION

Legal support

LAVECO provides its customers with legal support. On request, and if required, qualified lawyers can provide advice and consultation on the operation of the company, prepare and modify documents, take over the preparation of all documents required by the client, and represent clients in court proceedings. The services of lawyers are charged at an hourly rate.

Additional services

LAVECO can provide additional services (such as, purchase of telephones, assistance during negotiations, consultations, etc.) on request, to ensure the smooth-running of the company. Such services are charged at an hourly rate.

Company liquidation

A Hungarian company may be liquidated in accordance with the statutory liquidation procedure.

For a company not performing any activity, the liquidation procedure takes at least 180 days, while in the case of an active company at least 270 days are required. According to the requirements of the law, in order to liquidate a company, it is necessary to use two lawyers authorised to oversee liquidation, as well as an accountant. The terms of the liquidation must also be published in certain defined media, so that any possible creditors can file claims for compensation.

The cost of liquidation of a company is simple to the cost of formation.

Government institutions a Hungarian company will deal with in the course of its actvities

  • State Court of Registration (Az illetékes Törvényszék Cégbírósága);
  • State Tax and Customs Administration (Nemzeti Adó-és Vámhivatal);
  • Central Statistics Office (Központi Statisztikai Hivatal).
  • Municipality at the place of company registration (helyi Önkormányzat, Polgármesteri Hivatal).