Important Deadline Looms For Kft.s

  • 9 Feb 2017 7:00 AM
Important Deadline Looms For Kft.s
Limited liability companies (Kft.s) have until March 15 to meet regulations on minimum capital requirements, company service provider Opten reports.

Some 63,000 companies have yet to comply with the statutory minimum registered capital of Ft 3 million.
They can meet this obligation by injecting more capital or making contributions in kind.

A law passed in 2014 forced businesses to raise their minimum subscribed capital from Ft 500,000 to Ft 3 million, setting a deadline of March 15, 2017.

Some 100,000 companies had failed to comply one year ago.

Source: Hungary Around the Clock

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