Hungary ZRT

ZRT is a legal entity in Hungary, with the full name Részvénytársaság. It is a form of company with a limited liability under the consolidated ownership. ZRT is a publicly traded company, requiring 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. The verification requirement entails depositing the funds into the company's bank account within one year after the company's registration to meet the capital verification purpose. Overall, ZRT is a legal entity with a relatively high requirement for registered capital, but it is relatively flexible in other aspects.