Buying Property in Estonia

Posted by zemesangel on December 25th, 2019

Buying Property in Estonia - In this article, our colleague from Gurcan Partners Estonia will mention Buying Property in Estonia. Process, Cost and Difference for Foreigners, Tallinn

Visit Here:- https://gurcanpartners.com/en/buying-propety-in-estonia/

Company Formation in Hungary

If you are planning to start up a business, you may read this article before which gives you a brief overview of company registration in Hungary.
Basic Legal Definitions

Above all, one must understand the very basic legal terms about enterprises in Hungary. Here you may find some definitions you should review before going ahead with the article.

1. Unlimited liability: the owner of the enterprise, in a proportion of his ownership, has full financial responsibility for all the debts of the company. I.e. his private holdings could also be subject to diligence.
2. Limited liability: the owner of the enterprise is only responsible for the liabilities of the company up to the capital he provided.
3. One-person company: there is only one owner of the company who, usually, also acts as a CEO.
4. Limitation in size: limitation of revenue, number of employees, registered capital or number of business relationships.
5. Private enterprise: an enterprise run by a private individual. Private enterprise is not a legal person.

Company: an enterprise that is a separate legal person.
The state provided the founding documents template: if a template determined by local legislation is applied during the company registration, the fees and time may be significantly reduced.

The template allows little customization, however that usually satisfies the needs of most of our Clients.
Company Forms in Hungary

You should be able to decide what type of business you would like to start with.
Below is a very simplified and brief but well understandable comparison of the possible legal business forms in Hungary (not considering public limited liability company - NYRT - as an option).

Gurcan Partners is an innovative, international, law and consulting firm. We are staffed with American, Hungarian, Turkish, Polish, Czech, Serbian, German, Arab, Malay and Estonian lawyers which enables us to handle both regional and multinational deals of all scales in nine countries. We are committed to being the pioneers of the 21st Century legal industry. We are heavily involved in legal technology. We provide efficient and comprehensive solutions to even the most complex legal issues. We help our clients to spread their business internationally.

Gurcan Partners Serbia Office has joined the Serbia-Turkey Business Forum with the kind invitation of Chamber Commerce and Industry of Serbia. We continue to make a contribution to the economic development of Serbia.

Contact Us

Address - Westend Business Centre,
7th Floor, Váci út 22-24,
1132 Budapest /Hungary
Phone - 09.00 -17.00

Please contact us via mail. We endeavor to respond within 24 hours.

Email - @: info@gurcanpartners.com
(weekdays) Budapest
office:+3618089449