Business transfer solutions in Hungary
The act of transferring control from one management entity to another, also known as a business transfer, involves different strategies. Whether transferring ownership, assets, relocating the business, or transferring share capital, each results in major changes for those involved in the enterprise.
Our business transfer solutions
Our business transfer solutions offer thorough strategies to assist with different aspects of transitioning a business in Hungary. If you need to transfer ownership, assets, relocate operations, or manage share capital, we provide personalized solutions to suit your individual needs and objectives.
Transfer business ownership
We have a solution available for transferring ownership of a business in Hungary, which consists of transferring control and decision-making power from one owner or group to another. This usually requires legal agreements and negotiations to ensure a smooth transition of ownership rights, responsibilities, and assets. There are options such as selling the business, transferring ownership to family members or employees, or merging with another company.
Transfer business assets
In Hungary, our approach to transferring business assets involves moving or sharing both physical and non-physical assets from one company to another. These assets include real estate, machinery, stock, patents, client agreements, and reputation. By carefully recording, evaluating, and handling the legal aspects, we guarantee the correct accounting and safeguarding of assets throughout the transfer.
Move business to new location
We provide a complete package for companies interested in moving to a different area. This includes thorough organization and supervision of the movement of operations, whether it be within the same city, across the country, or internationally. Our strategy reduces interruptions to business activities, maintains customer loyalty, and guarantees a seamless transfer of assets, staff, and services to the new site.
Transfer share capital
Our method for transferring share capital in Hungary makes it easier to buy, sell, or transfer ownership interests in a company by exchanging shares. This can be done through private transactions among current shareholders, public offerings on stock exchanges, or as part of mergers and acquisitions. We guarantee compliance with securities regulations and shareholder agreements, as the transfer of share capital affects ownership structures and voting rights in the company.
Transfer agreement and documents
In order for one company to transfer all of its assets and liabilities to another company, a Business Transfer Agreement (BTA) must be signed. To set up a meeting at the notary’s office for this process, the following documents are needed:
- Passport
- Utility bills of the company such as an electric bill or phone bill
- A document providing all of terms and conditions for business transfer
Extra paperwork might be needed depending on the specific situation.
We provide help with organizing all required documents and determining key factors like market value, payment method, and transfer date.
Key points of business transfer in Hungary
Consider the following factors when preparing for a change of leadership in a Hungarian organization:
1
Assess your company’s actual worth
Evaluating the true value of your company requires a thorough assessment of different elements such as financial performance, assets, liabilities, market position, and growth potential. By calculating the market worth and potential selling price, you can make well-informed decisions about the future of your business.
2
Evaluate options for passing the organization
Consider different possibilities for transferring ownership of the organization, including selling it, passing it down to family or employees, merging with another company, or attracting outside investors.
3
Time consumed
Keep in mind that the transfer of ownership may last as long as 5 years in Hungary, so make sure to plan ahead and allocate enough time for discussions, legal processes, and the handover phase.
4
Understand taxes of enterprise handover
Get to know the taxes related to transferring ownership of a business in Hungary, such as state fees on documents for transferring ownership of specific goods and selling part of a business.
5
Identify possible buyers
Find possible purchasers for your company in Hungary, such as individuals, corporations, or investment firms who are looking to either buy or invest in your business.
6
Evaluate financing options
Investigate different financial options for the transfer of ownership, such as funding part of the deal independently or getting financing from incoming management or investors, especially if you will continue to be involved with the company post-transaction.
By taking these factors into account and arranging legal meetings, you can confidently navigate the intricate process of transferring a business in Hungary, guaranteeing a smooth transition for everyone involved.
Transfer business with us
In Hungary, we collect the necessary information based on your requirements and preferences to provide you with a quote. Our team can help you understand the process of property handover in Hungary. Before transferring control in Hungary, our experts will conduct a third-party company evaluation. Contact our experienced team in Hungary for further details and assistance.
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