Higher share capital threshold could mean end of thousands of ‘kft.’ companies

Deals

Several thousand Hungarian limited liability companies, designated by the abbreviation “kft.”, could be wound up if they fail to meet a higher requirement for minimum share capital by the deadline on March 15, the spokesperson for the Budapest Municipal Court told Hungarian news agency MTI.

The deadline for meeting the new threshold, raised from HUF 500,000 to HUF 3 mln, was earlier extended by one year, said Anna Madarasi. In Budapest, about 60,000 companies have complied with the new rule. A further 28,000 must still do so.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.