Should I have to deposit the ‘Authorised Capital’ as required to form the K.f.t?
Yes. The ‘residence permit’ of Hungary will be applied for on the basis of a registered K.f.t in Hungary. To form the K.f.t, you will have to ‘deposit’ 50% of the ‘authorised capital’ (about €900 Euros) directly into a business bank account in Hungary. We will help you to open the bank account with one of the leading banks in Hungary. We will provide you the bank account opening documents, which will have to be ‘signed’ by you at the ‘Embassy or Consulate of Hungary’ in your home country. Other than you, nobody could deposit or withdraw the authorised capital. The remaining 50% of the authorised capital must be deposited within 12 calendar months from the date of K.f.t formation. After the ‘company formation’ and once we have obtained all the required residence permit documents, you could withdraw the ‘deposited authorised capital’, as there is no legal requirement to hold the ‘authorised capital’ in your business account.
No. If you choose ‘Visa2West’ for obtaining the ‘Residence Permit of Hungary’, you don’t have to pay the authorised capital required to form the Hungarian Kft. We will pay and withdraw the authorised capital on behalf of you. The residence permit of Hungary will be applied for on the basis of a registered K.f.t in Hungary. As part of the company formation procedure, as soon as the Kft. Company is formed, 50% of the authorised capital must be deposited into a business bank account in Hungary. We will send the bank account opening documents, which will have to be signed by you at the ‘Embassy of Hungary’ in your home country. We will deposit the authorised capital and obtain the required residence permit documents. Then, we will withdraw the deposited authorised capital, as there is no legal requirement to hold the authorised capital in the business bank account. Even to do the above, some will charge €500 to €1,000 on top of the over-priced service fee. We do it for free of cost. The re
