Company registration over the Internet is soon to come, since the Ministry of Justice is starting to digitalize existing hard copy registrations from January 2005. From January 2006, yearly company reports may be filed via Internet, from September 2006, MJ will accept company registration requisitions, and from 2007, all company documents should be available via Internet. State commissioner Miklós Hankó Faragó said that the usage of online tools is being promoted by a reduced price for the online services compared to the traditional method. There will be a total of Ft 500 million spent on developing the system, which is expected to reduce and end queuing at the office. According to the new bill on corporate law, the 60 and 30-day registration period of Rt’s and Kft’s respectively may be halved. (Nb 8) E.C.
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07.12.2004