According to current Hungarian regulations, only natural persons (individuals) can be considered beneficial owners of a company. If a company is owned by another company, additional steps are needed to identify the ultimate beneficial owner.
Step-by-step guide:
Step-by-step guide:1. Follow the ownership chain
You must trace the ownership chain through all companies until you reach a natural person who owns at least 25% (directly or indirectly) of the shares or voting rights. That person will be the beneficial owner.
2. If no individual holds 25% or more
In this case, the legal representative of the top-level company (e.g., managing director or authorized signatory) should be declared as the beneficial owner.
Required documentation
Required documentation1. Ownership structure declaration
A simple diagram showing the ownership structure, indicating each company in the chain and ultimately pointing to the individual(s).
2. Company extracts
For every company in the ownership chain, you must provide an official company extract (no older than 30 days), proving ownership and representation rights.