Can business in Hungary change it’s legal entity type?

Certainly, a Hungarian business has the ability to alter its legal entity type. The process of changing a business’s legal entity type requires engaging with experts, establishing a new entity, transferring assets and operations, dissolving the previous entity, and informing stakeholders. The specific steps involved may differ based on the existing and desired business structures and legal regulations. It is essential to seek guidance from professionals to guarantee that all procedures are executed accurately in order to prevent potential legal and financial consequences.