The minimum capital contribution is as much as HUF 3.000.000. At the formation of the company at least half of this amount must be provided by the members, more precisly all the members must provide at least half of his personal capital contribution undertaken by them. The remaining part of the contributions must be provided within one year from the date of formation of the company.
In case there is only one member of the company, the minimum capital requirement to provide at the formation is HUF 100.000, but the remaining part must be paid within three years from the date of formation.
The capital contributions of members may be of varying value, however, the value of each contribution may not be less than three hundred thousand forints. Capital contributions shall be expressed in forints and shall be exactly divisible by ten thousand.
There is no minimum requirement regarding the members of the company. The members can be either natural persons or legal entities as well.
The liability of members extends only to the provision of their capital contributions. besides this, the members shall not be liable for the liabilities of the company with the exception the court state in a final resolution that negligent and intentional conduct of the members leaded the company to be on the brink of insolvency.
Mode of representation
The members appoint a natural person to represent the company that is called as managing director who can be either a member of the company or a third party.