Guide on Winding Up a Company in Hungary

Here are the main steps to close a company in Hungary. You can read more about this subject in our article https://lawyershungary.com/company-liquidation-in-hungary/.

1. WINDING UP A COMPANY
IN HUNGARY
A PRESENTATION BROUGHT TO YOU BY
LAWYERSHUNGARY.COM

2. Legislation
Company liquidation in Hungary falls
under the:
Company Law;
Bankruptcy Act.

3. Conditions to Close a
Business
Here are some of the reasons why Hungarian companies are liquidated:
shareholders’
agreement;
company end
of life;
business relocation; creditors’ request.

4. Types of Procedures
There are two ways to close a Hungarian
company:
through voluntary liquidation;1.
through compulsory liquidation.2.

5. Voluntary Liquidation
When the company’s shareholders
agree to terminate the business, the
voluntary winding-up procedure can
start.

6. Judicial Proceedings
Compulsory liquidation occurs
when a Hungarian court rules in
favor of closing a company at the
request of one or more creditors.

7. Liquidation Stages
Company winding-up implies:
appointing a liquidator;1.
notifying interested parties;2.
sale of assets;3.
payment of creditors;4.
filing a final financial statement.5.

8. Deletion
After the company is liquidated, it
must also be deleted from the Trade
Register.

9. Legal Support
If you need assistance in company
liquidation, our Hungarian law firm will be
at your service throughout the entire
procedure.

10. THANK YOU FOR YOUR ATTENTION!
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