How to Establish a Virtual Office in Hungary
If you want to establish a virtual office in Hungary, you can do so without leasing any physical office or space. You don’t need a brick-and-mortar building to get a legal Hungarian address for your virtual office. You will also pay a lot less for essential services.
That said, your company must be registered according to Hungarian requirements and regulations. Registration is mandatory for official correspondence and commercial registry entry. Your virtual office will serve as your company’s legal seat.
You must work with a licensed third-party provider to comply with the country’s requirements. This provider should own the premises related to your virtual office. They should also offer you a written service contract.
What Does Establishing a Virtual Office Mean?
A virtual office is essentially the opposite of a conventional office space. You set up a digital work platform with a business address. With a virtual office, you must still consider mail handling and who will answer customer calls.
Virtual office providers typically provide mail-handling services. Some even offer access to online meeting rooms or coworking spaces. If you want to include these extras in your virtual office contract, you will pay only for the services you use.
Requirements for a Virtual Office in Hungary
There are two major requirements for establishing a virtual office in Hungary. According to Hungarian law, each virtual office should function as the place where the company stores data, records, and receives mail. This is usually symbolic, as virtual office service providers cover data storage, etc.
The other requirement is that only third-party service providers can offer registered addresses as part of a written contract. Moreover, providers must lease or have access to the real estate linked to the virtual office, or they must hold a registered right over the premises.
Setting Up Your Virtual Office
You can hire a virtual office provider to help you establish your own virtual office in Hungary. Service providers typically provide a range of prices, locations, and plans. They also offer live receptionist services, mail receipt, forwarding, and call answering services.
Compare providers by location, services, and compliance with Hungarian Law. When settling on a service provider, you must verify ownership and compliance before establishing your virtual office.
You can do this by requesting land registry documents. This will confirm the provider’s property rights and legal authorization.
It is important always to sign a written agreement that details fees and the length of the virtual office term. The agreement should also detail the expected service levels and include a formal confirmation letter.
Submit your virtual office agreement along with articles of association and proof of share capital. This will allow you to complete your company registration.
When done, you can set up the business services you need, such as telephone lines, call handling, and mail scanning.
Stay Compliant in Hungary
When establishing a virtual office in Hungary, you will have a cost-effective base compliant with EU rules and regulations. If you stick to these regulations and work with a reputable provider, you will continue to cut down on overhead costs while enjoying the administrative support and local credibility your business needs.
Sources
https://companyformationhungary.com/virtual-office.html/
https://www.davincivirtual.com/loc/hungary-virtual-offices/
https://rue.ee/legal-address-for-hungarian-company/
https://ibercenter.com/en/what-is-a-virtual-office/
https://www.dlapiperintelligence.com/goingglobal/corporate/index.html?c=HU&t=02-entity-setup/
https://employmentinhungary.com/virtual-office-in-hungary/
https://www.investopedia.com/terms/v/virtual-office.asp
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