A change of location can be an essential step in the life of many businesses, whether it’s to expand, cut costs or optimise the business environment.
All businesses must have a registered office. This is the place where business is usually conducted, where all official mail and documents arrive, which must be stored, filed, kept for a certain period of time and made available in case of any inspection.
Here are the most important things to know about changing your registered office.
Why can you change your registered office?
In our experience in Hungary, the reasons why companies change their registered office are:
Of course, this list is not exhaustive.
– The headquarters property is sold and the lease is terminated.
– The company buys its own property or enters into a new lease.
– There are cases where, for tax optimisation reasons, you choose a municipality with no or lower business tax
Basically, the reason is almost all the same because of the procedure, which is important to the new registered office must be entered in the commercial register, which requires the submission of the company’s articles of association and other official documents.
What do you need?
The change of company name must be carried out, which requires a lawyer.
What documents are required?
– Amendment of the company’s articles of association.
– A declaration of consent from the owner of the property where the registered office is located.
– Application for registration in a company court.
What are the fees for changing the company name?
- procedural fees
- legal fees
- any head office fees
Who must be notified of a change of registered office?
The following will be required for both legal persons and sole traders:
- registration and re-registration with the local authority
- informing the account-holding bank(s) of the changes
- notification to the insurer
- a billing programupdate with new company data (head office, tax number)
