ðŸ‡ðŸ‡º For founders in Hungary
Form a US company from Hungary
Hungarian founders form American companies for reach. A Delaware C-Corp or a US LLC gives you a business identity that global customers, marketplaces, App Store and Play Store payouts, American payment processors, and enterprise buyers stateside recognise instantly, often smoother than invoicing the same clients from a Hungarian kft. If you plan to raise from American or international investors, a Delaware C-Corp is the structure they expect and the one that supports SAFEs and priced rounds without friction.
Hungary is an easy place to run such an entity from. As an EU member state with no foreign-exchange controls, the forint is fully convertible and you can move money in and out freely. You do not need to set foot in the States or hold a visa to own or manage a US company. Ownership and management are open to non-residents. You will get an EIN from the IRS and can open a US business account through our licensed partner remotely.
The important catch for Hungarians specifically: the income tax treaty with the United States was terminated and stopped having effect from 1 January 2024. That changes the maths on American withholding and double taxation, so the structure you choose matters more than it used to. As a Hungarian tax resident you are taxed on worldwide income, so profits and pay you draw from the entity have to be reported to NAV (the National Tax and Customs Administration). StableCorp helps with the piece founders most often get stuck on: moving USD, EUR or INR earnings from the entity back to you in Hungary through our licensed partner.
General information about forming a US company. Not legal, tax, or investment advice. Rules and figures cited are current as of July 2026 and change frequently. Consult qualified local and US advisers before acting.
The process, end to end
Form the entity
Pick a Wyoming LLC (solo/bootstrapped) or a Delaware C-Corp (VC-track) and file the formation remotely, with no US visit needed.
Read the guideGet an EIN
Apply for the company's federal tax ID. You can get an EIN without an SSN, and you need it to open a US business account.
Read the guideOpen a US business account
Open a US business account remotely with the EIN and formation documents. No US address or SSN required. Banking is provided through our licensed partner; StableCorp is not a bank.
Read the guideGet paid
Invoice US and global clients as a US entity and settle in USD, EUR, or INR, or in USDC on supported chains. Local-currency payout is available in select markets through StableCorp's licensed regional partners on compliant rails.
Read the guideHungary-specific considerations
There is no US-Hungary treaty anymore
Since 1 January 2024 there is no income tax treaty between the two countries. That means full 30% US withholding on US-source dividends, no reduced rates you can claim with a W-8BEN, and no treaty mechanism to prevent double taxation. You rely instead on Hungary's unilateral foreign-tax credit, which is capped and leaves a minimum ~5% Hungarian tax. This single change should drive your entity choice; do not copy a plan written for a treaty country.
LLC vs C-Corp is now a bigger decision
With no treaty softening dividend withholding, a US LLC (disregarded for US federal tax) often bleeds less tax than a C-Corp, because business profits that are not US-source generally leave the US without entity tax or dividend withholding and are then taxed in Hungary. But US disregarded treatment does not automatically flow through to Hungary: NAV may treat the LLC differently from the IRS, causing mismatches. C-Corp still suits founders raising US investment. Get Hungarian and US advice before defaulting either way.
A US company doesn't cut your NAV cord
As a Hungarian tax resident you are taxed on worldwide income, so salary, dividends and draws from your US entity go on your Hungarian personal income tax return (15% PIT, plus possible 13% social contribution tax on certain non-treaty foreign dividends up to the cap). Also watch Hungary's place-of-management and controlled-foreign-company rules: running a US company entirely from Budapest can pull it into Hungarian corporate tax. Take advice on where your company is genuinely managed.
Crypto received from third parties is taxed and reported
StableCorp settles in USD, EUR or INR and does not provide stablecoin services to Hungarian residents. If you receive crypto from a third party, Hungary taxes crypto gains at 15% under its dedicated crypto-asset regime, and only realising to fiat, goods or services is a taxable event; crypto-to-crypto is not. Under the EU's DAC8 directive, crypto-asset service providers report activity to NAV for 2026 activity with the first exchanges in 2027, so keep a clean ledger of every conversion to forint and take advice from a Hungarian tax advisor.
Getting your money home to Hungary
Hungary has no foreign-exchange controls. Under Act XCIII of 2001 on the liberalisation of foreign exchange, residents and non-residents may freely transact in foreign currency, so there is no central-bank permission, no remittance cap and no repatriation licence to bring USD earnings home. Hungarian banks routinely offer USD and EUR sub-accounts alongside forint, so you can receive and hold dollars without forced conversion. In practice you draw money from your US entity to yourself in one of the usual ways (salary, contractor invoice, dividends or an owner's draw) and receive it into a Hungarian or multi-currency account. StableCorp settles in USD, EUR or INR to your US entity's account. The friction is commercial, not regulatory: your bank's FX spread and wire fees, plus AML checks and statistical data reporting to the Magyar Nemzeti Bank (MNB) on larger cross-border flows. Because Hungary taxes residents on worldwide income, NAV expects these earnings on your annual personal income tax return whether or not the money physically lands in a Hungarian account; foreign income is converted to forint for reporting, and any tax due to the Hungarian state must be paid in forint. Note that dividends from a non-treaty, non-EEA source such as a US C-Corp can attract the 13% social contribution tax (szocho) on top of the 15% personal income tax, subject to the annual szocho cap, another reason the post-2024 structure question matters.
StableCorp settles in USD, EUR or INR and does not offer stablecoin services to Hungarian residents. Separately, for tax context: Hungary has a dedicated regime for 'income from transactions with crypto-assets', so if you receive stablecoins or other crypto from third parties, gains are taxed at the flat 15% personal income tax rate, you can offset losses within the year and carry them for two more, and crypto-to-crypto swaps are not a taxable event: only realising to fiat, goods or services is. Converting a stablecoin to forint or spending it is therefore a taxable disposal, though for a fiat-pegged coin the gain is usually negligible; crypto received as payment for work is taxable at its forint value on receipt. Under the EU's DAC8 directive, crypto-asset service providers report user activity to NAV for 2026 activity with the first exchanges of information in 2027, so keep clean records and consult a Hungarian tax advisor.
Hungary & US taxes
No. Not anymore. The 1979 US-Hungary income tax treaty was terminated by the United States and, per the IRS, ceased to have effect on 1 January 2024 (for taxes withheld at source, and for other taxes in periods beginning on or after that date). Hungary no longer appears as an in-force partner on the IRS 'United States Income Tax Treaties A to Z' list. For a founder this is one of the most important country-specific facts. Without a treaty, there are no reduced US withholding rates and no treaty tie-breakers or permanent-establishment protections to fall back on. In practice: US-source dividends paid by a US C-Corp to a Hungarian shareholder now face the full 30% US statutory withholding rather than the old reduced treaty rate, and you cannot file a W-8BEN to claim a treaty rate because there is no treaty to claim. Relief from double taxation now depends on each country's domestic rules rather than an agreed mechanism. Hungary gives a unilateral foreign-tax credit under its own law, but that credit is capped and Hungarian tax on the income generally cannot fall below a 5% floor. This is exactly the kind of case where a US LLC (disregarded for US federal tax, so no entity-level US tax and no dividend withholding on business profits that are not US-source) can be cleaner than a C-Corp whose dividends now face 30% withholding at the US border. Note that a US LLC is disregarded for US federal tax; Hungary may treat it differently from the IRS, which can create mismatches. Take Hungarian and US advice on structure before you commit.
StableCorp helps founders in Hungary form a US company, get an EIN and a US business account, and get paid on compliant rails, both sides.
Get startedFrequently asked questions
Do I need to visit the US or have a visa to open a US LLC or C-Corp from Hungary?
No. Non-residents can own and manage a US LLC or C-Corp without a US visit or visa. You appoint a registered agent, file the formation documents, obtain an EIN from the IRS (as a foreign owner you can apply without an SSN), and open a US business account through our licensed partner remotely. Being Hungarian is not a barrier to any of these steps.
Is there still a US-Hungary tax treaty I can rely on?
No. The old 1979 treaty was terminated and stopped having effect from 1 January 2024, and Hungary is no longer on the IRS in-force treaty list. There are no reduced US withholding rates to claim and no treaty mechanism against double taxation. US-source dividends from a C-Corp now face 30% US withholding, and relief in Hungary comes only from its unilateral (and capped) foreign-tax credit. This makes your entity choice more important. Get advice.
How do I get my US dollars back to Hungary, and are there limits?
There are no Hungarian exchange controls or repatriation limits: foreign exchange was liberalised under Act XCIII of 2001. You move USD from your US entity to yourself as salary, a contractor invoice, dividends or an owner's draw, into a Hungarian or multi-currency account, and can hold dollars without forced conversion. StableCorp settles in USD, EUR or INR to your US entity's account. Costs are the FX spread and wire fees. You must still report the income to NAV, convert it to forint on your return, and pay any Hungarian tax in forint.
Can I get paid in a stablecoin?
StableCorp does not offer stablecoin services to Hungarian residents; it settles in USD, EUR or INR. If you receive stablecoins from third parties, Hungary's 15% flat crypto-asset personal income tax applies on conversion to fiat (a usually negligible gain for a fiat-pegged coin), and crypto received for work is taxed at its forint value on receipt. Consult a Hungarian tax advisor.