Hungary ZRT

ZRT is a legal entity in Hungary, with the full name Zártkörűen Működő Részvénytársaság. It is a form of company with a limited liability under the consolidated ownership. ZRT is a private company limited by shares: its shares are not listed on a stock exchange and may be offered only in ways that require no prospectus. It requires at least one shareholder and at least one director. Unlike other companies, ZRT does not need to appoint a legal representative, have a local person serving as a director, or require a company secretary. However, it has a minimum registered capital of 5,000,000 Hungarian forints and requires capital verification. At least 25% of the nominal value or issue price of the shares subscribed for cash must be paid in before the registration application is filed, and the rest within one year of registration. Overall, ZRT is a legal entity with a relatively high requirement for registered capital, but it is relatively flexible in other aspects.