Hungary

Ease of Doing Business in

Hungary

This page summarizes Doing Business 2013 data for Hungary. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region OECD high income
Income Category High income
Population 9,971,000
GNI Per Capita (US$) 12,730
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
54 49 down -5

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
66.9 66.6 down 0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 52 39 up -13
Dealing with Construction Permits 55 53 up -2
Getting Electricity 109 106 up -3
Registering Property 43 41 up -2
Getting Credit 53 52 up -1
Protecting Investors 128 124 up -4
Paying Taxes 118 117 up -1
Trading Across Borders 73 77 up 4
Enforcing Contracts 16 18 up 2
Resolving Insolvency 70 67 up -3

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 52 DB 2012 Rank 39 Change in Rank down-13
DB 2013 DTF** (% points) 92.3 DB 2012 DTF** (% points) 92.7 Improvement in DTF** (% points) down-0.4
YearNew business densityNumber of new limited liability companies
2011 7.6352,217
Indicator Hungary OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
4 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
5 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
8.9 -- 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
9.4 -- 13.3
No. Procedure Time to Complete Associated Costs
1 Hire lawyer who represents the company, creates company deeds, and prepares other legal documents. 1 day HUF 100,000-260,000 ; varies according to the complexity
2 Pay at least 50% of subscription amount (at least HUF 250,000) into the bank account designated at the time of subscription. 1 day no charge
3 Apply for registration at the Registration Court (simplified electronic registration) 2 days HUF 50,000 for registration and HUF 5000 for publication
4 Register for social security 1 day no charge

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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