Company information was available without any restriction in the database of the Hungarian Ministry of Justice. As of 1 October 2019, there was a change in the recognition of company information, since the electronic company register was replaced by a so called online real-time company information.
One of the major difference is in the range of company information that may be requested for free of charge. It will be more complicated to find out the “other” activities of the company (in addition to its main activity), the share capital, members of the supervisory board or the type of the ownership of a company.
After the change, any request may only be settled if the applicant has successfully verified his/her identity. Also, an important modification is that only a limited number of data requests will be available per month.
By Gabriella Gálik, Founding Partner, KCG Partners Law Firm