Escrow / Trust Service
Hungarian law requires that within 10 days of founding of a company, directors are required to deposit a minimum of 3,000,000 Hungarian Forint (HUF) start-up capital into the business’s bank account. This is the “seed money” to get the business started.
If you are not able to open a local Hungarian Business account to deposit your statutory Startup Capital, you can opt to have this capital deposited into your appointed attorneys’ Escrow account for safe keeping (Non Interest bearing).
Once the funds are received, a certificate will be issued and provided to the companies’ registration court confirming that your statutory requirements have been fulfilled.
The funds will be in safe custody until such a time your business have a local Hungarian Bank account.
A Transaction fee of €2.25 per transaction will be levied, and a monthly facility fee of €7,50 is applicable.
This service can only be purchased in conjunction with our business registration service, or retained legal services. Should you have any requirement for this service in any other form, please feel free to contact us.