OFFICIAL GUIDE TO SHIP & YACHT REGISTRIES

Hungary

Shipowner Eligibility 

Under the Shipping Act, ships that require a shipping licence (described below) and are majority (i.e. more than 50%) owned by Hungarian persons must be recorded in the Hungarian Ship Register or in the ship register of one of the other member states of the European Economic Area (EEA), while ships with majority ‘Community’ ownership may also be registered in Hungary, provided that they are not registered in other ship registries. For this purpose, a Hungarian or ‘Community’ ownership means, respectively, a Hungarian citizen with a Hungarian address or a citizen of a member state of the EEA, or an economic entity with a seat in Hungary, registered in Hungary or in any member state of the EEA, with less than 50% participation of non-EEA persons.

The conduct of shipping activities with, among others, seagoing ships is subject to a shipping licence issued by the Shipping Authority. A shipping licence may be issued with respect to vessels registered in any member state of the European Economic Area and the registered operator of the vessel must be an economic entity (such as a company) with a registered seat in Hungary, with a chief executive who is able to prove his personal reliability and the ability to manage shipping activity. The application for the shipping licence must be filed by the registered operator of the vessel with the approval of the owner of the vessel (if different). A shipping licence is valid for five years and may be renewed upon expiry. Holders of shipping licences issued by the shipping authorities of EEA member states may conduct shipping activities in Hungary, including cabotage, without any further licence being required from the Hungarian Shipping Authority.

A cabotage licence is required for the shipping of passengers or goods by a foreign ship between harbors located in Hungary and for providing commercial activities with vessels not registered in a member state of the EEA. Such licence may be issued upon international contracts or reciprocity, or if no vessel registered in any member state of the European Economic Area is capable of carrying out the requested activity.

About the Flag

Hungary (in Hungarian: Magyarország) is a landlocked country in continental Europe that shares borders with Austria, Croatia, Romania, Slovakia, Slovenia, Ukraine and Serbia. A sovereign realm since the year 1000, Hungary regained her independence on a smaller territory in 1918, upon the dissolution of the Austro-Hungarian Monarchy. Having been a member of the Soviet Block (Warsaw Pact, CMEA etc.) between 1945 and 1990, Hungary became a multiparty, parliamentary republic in 1990. Hungary’s new constitution came into force as of 1 January 2012. In Hungary legislative powers are vested in the Parliament which is elected for a four-year term. The head of state is the President of the Republic, Mr. János Áder (since May 2012), and the executive arm of the Government is headed by the Prime Minister, Mr. Viktor Orbán. Parliamentary elections will be held in the spring of 2018. Hungary has been a full member of the United Nations since 1955, and member of the European Union since May 2004. Hungary joined the North Atlantic Treaty Organisation as a full member in March, 1999.

The capital city is Budapest, and the official language is Hungarian. The currency is Hungarian Forints (Ft or HUF). (One US Dollar is equal to, approximately, HUF 286, while one Euro is equal to, approximately, HUF 310 on the basis of the USD-HUF and EUR-HUF exchange rates quoted by the National Bank of Hungary on 1 February 2016)

In Hungary, Act XLII of 2000 on traffic (transport) on waterways (the “Shipping Act”) regulates shipping activity. Under the Shipping Act, the Roads, Railway and Shipping Office of the National Transport Authority (in Hungarian: Nemzeti Közlekedési Hatóság Útügyi, Vasúti és Hajózási Hivatala) (hereinafter: “Shipping Authority” or “Registration Authority”, as the context may require) under the Ministry of National Development, Office of the Minister of State for Transport Policy (in Hungarian: Nemzeti Fejlesztési Minisztérium, Közlekedéspolitikáért Felelős Államtitkárság)) serves as the government authority for shipping, and also keeps the Ship Register (in Hungarian: hajólajstrom) for the registration of seagoing large ships, inland-water large ships, small ships, ferries, floating machinery and self-propelled floating machines. The application form (in Hungarian) is available on the home page of the Registration Authority in electronic format.

Under the Shipping Act all floating vessels must be generally registered in the Ship Register, boats (except ferryboats), non-engine-driven water sport equipment, non-engine-driven small-ships (except sailboats), self-propelled floating vessels without residential superstructure and with a deck smaller than 25 m² and other floating facilities are exempt from such obligations.

Appeals against the decisions of the Shipping Authority are dealt with by the Central Office of the National Transport Authority (in Hungarian: Nemzeti Közlekedési Hatóság Központi Hivatala).

A list of applicable Hungarian legal rules is provided in Table 1.

Table 1
List of applicable legislation

Act V of 1931
on the Promulgation of the International Convention for the Unification of Statutory Privileges and Maritime Hypothecs, made in Brussels, on April 10, 1926
Act XCIII of 1990
on Duties
Act LIII of 1994
on the Enforcement of Judicial Decisions
Act CXVII of 1995
on Personal Income Tax
Act LXXXI of 1996
on Corporate Tax and Dividend Tax
Act XLII of 2000
on Traffic on Waters (Shipping)
Act LXXIX of 2000
on the Promulgation of the International Convention for "the repatriation of sailors" made at the International Labour Conference in 1987
Act LXXVIII of 2000
on the Promulgation of the International Convention for "social security of sailors" made at the International Labour Conference in 1987
Act LXXVII of 2000
on the Promulgation of the International Convention for "medical assistance and health protection for sailors" made at the International Labour Conference in 1987
Act LXXVI of 2000
on the Promulgation of the International Convention "for the welfare of sailors in the harbours and on the sea" made at the International Labour Conference in 1987
Act X of 2001
on the Promulgation of the International Convention for the Prevention of Contamination from Ships "MARPOL 1973/1978"
Act XI of 2001
on the Promulgation of the International Convention for the "life safety on the sea" SOLAS 1974/1978, made in London, on November 1, 1974
Act XXII of 2008
on the Promulgation of the International Convention for the "limitation of liability for maritime claims", made in London on November 19, 1976
Act V of 2013
on the Civil Code
Law Decree 13 of 1979
on International Private Law
Decree 198/2000 (XI.29.) of the Government
on the registry of vessels
Decree 13/2001 (IV.10.) KÃVim, of the Minister of Transport and Water Management
on the conditions of shipping eligibility and suitability of inland waterway floating vessels and on the survey and certification of their working ability
Decree 29/2001 (IX.1.) KÃViM, of the Minister of Transport and Water Management
on the Fees of Shipping Authority
Decree 263/2006 (XII.20.) of the Government
on the National Transport Authority

Notes:
"Act" means an Act of the Hungarian Parliament.
"Government Decree" means a Decree approved by the Council of Ministers (or the Government in a Cabinet Meeting).
"Decree of a Minister" means a Decree issued by a member of a Government (a Cabinet Minister).
In Hungary, legal rules such as Acts, Government Decrees, as well as decrees of the members of the Government (Cabinet) are not effective until published in the official gazette (Magyar Közlöny).
The OGSR gratefully acknowledges the kind assistance with the preparation of this summary of

György Antall, partner with
Réti, Antall & Partners Law Firm
PricewaterhouseCoopers Legal

The correspondent law firm of PricewaterhouseCoopers in Hungary
Bajcsy-Zsilinszky út 78, H-1055
Budapest, Hungary
Telephone: +36-1-461-9888, Fax: +36-1-461-9898
rap.central@hu.pwclegal.com
gyorgy.antall@hu.pwclegal.com
www.pwclegal.com/hu

Company Formation

In Hungary, Act V of 2013 on Civil Code (the “Civil Code”), effective since 15 March 2014, has replaced Act IV of 2006 on Business Associations, and governs both the formation and the operation of companies. The act provides for the following types of business associations: (general) partnerships (in Hungarian közkereseti társaság or the abbreviated form kkt.); limited partnerships (in Hungarian betéti társaság or the abbreviated form bt.); limited liability companies (in Hungarian korlátolt felelősségű társaság or the abbreviated form kft.) and companies limited by shares (in Hungarian részvénytársaság or the abbreviated form rt.). A Hungarian company limited by shares may be privately held (abbreviated as zrt) or publicly owned (abbreviated as nyrt), which distinction must also be reflected in the company’s name.

The name, registered seat, and the main business activity of a company must all be contained in the formation documents. Any company may be formed by two or more, no matter if domestic or foreign, natural or legal persons (entities), however a Kft. or an Rt. may also be formed as, or become during its operations, a single member company. The formation documents must be filed with the appropriate Court of Registration, according to the seat of the company, within 30 days of the execution of such documents. A company is constituted by its registration at the court. However, it is permitted to conduct business operations prior to its registration as a “Pre-Company”.

In a general partnership all partners (members) are jointly and severally liable for debts and liabilities of the partnership.

A limited partnership is composed of at least one partner whose liability is unlimited, and one member whose liability is limited to the amount contributed to the business.

Both Kfts and Rts provide for limited liability, the members (holders of equity interest or shareholders respectively) are not liable for the debts and liabilities of the company.

A Kft must be founded with at least three million HUF in capital, and must have at least one managing director appointed by the member(s).

A Zrt must be founded with at least five million HUF in capital, while the minimum capital of an Nyrt is twenty million HUF.

The Zrt. is an Rt. whose shares are not traded publicly. A Zrt. can either have a Directorate of at least three persons, or can be directed by a single chief executive officer. A Zrt. must have a Supervisory Board of at least three persons if at least five percent of the shareholders so require; required by special law, or if the annual average number of full-time employees at the company exceeds two hundred persons, in which case one third of the members of the Supervisory Board must be employee-representatives.

The Nyrt. is a publicly traded Rt. The Nyrt. can be directed by a Directorate of at least three persons and, in addition must have a Supervisory Board of at least three persons. An Nyrt may also be governed by a single Board of Directors of at least five persons, the majority of which must be independent persons who oversee the operations of the company, in which case no Supervisory Board is needed.

Directors (managing director or the members of the board) of any type of company can be Hungarian or foreign nationals. A director who is not resident in Hungary must have a domestic delivery agent.

An Rt. may issue registered shares only. Shares can be ordinary shares, or preference shares, employee shares, interest-bearing shares and redeemable shares. Preference shares may carry special dividend rights and other privileges. Kfts are not permitted to issue securities incorporating equity interest. There are no special rules for shipping companies.

A Company’s Register is maintained at each of the twenty County Courts in Hungary (including the Municipal Court in the city of Budapest) for the registration of all types of companies formed pursuant to the Civil Code which have their registered head office in the territory of the jurisdiction of the court (the Court of Registration). Companies must submit the application for the registration by electronic means. The Court of Registry must confirm the receipt of applications by electronic means. A legal representative may effect compliance with this obligation by executing the application for registration (amendment notification) by means of an advanced electronic signature and a time stamp. The Company Register entries are public records and the underlying files may be inspected by anyone. Extracts from the Company’s Register and certified copies of the documents filed may also be obtained electronically or from the Court of Registration.

Taxation

In Hungary, there is a complex and varied system of taxes, consisting of, among others, Personal Income Tax, Corporate Income Tax and Value Added Tax that form the income of the central budget. Local governments may also levy taxes (such as Local Business Tax or Land Tax) within the powers conferred upon them by Acts of Parliament.

According to the Hungarian domestic tax law, a company is considered to be a Hungarian tax resident provided that it (i) is incorporated under Hungarian law and registered in the Hungarian Company Register; or (ii) has its place of effective management in Hungary. Foreign companies are taxed in Hungary (amongst others) if they have a Hungarian permanent establishment.

The corporate income tax rate in Hungary is 10% if the positive tax base falls under HUF 500 million (around EUR 1.6 million) and 19% for the part above this threshold. The corporate income tax base should be calculated by adjusting the Hungarian GAAP pre-tax profit by decreasing and increasing items as provided by the corporate income tax act. These items include for example depreciation of assets, provisions, impairment or value of preferential transactions.

The Hungarian personal income tax rate is quite attractive, a flat rate of 15%. Besides personal income tax, the employees have to pay 18.5% of health, labour market and pension contribution on their gross salary. The employers are taxed at 28.5% (including social security tax of 27% and vocation training contribution of 1.5%) on the gross salary paid to the employees.

Regarding international taxation relations, Hungary has entered into double taxation treaties with numerous countries (please see in Annex B), most of which is based on the OECD Model Tax Convention. This also means that according to such treaties profits of international ship traffic or inland waterways are taxable in the country in which the respective company’s place of effective management is located. The same rule applies to the income from employment on the board of international ship traffic or inland waterways. .

Hungary made an observation on Article 4 of the Commentary on the OECD Model Tax Convention. According to this observation, Hungary is of the opinion that in determining the place of effective management, one should not only consider the place where key management and commercial decisions that are necessary for the conduct of the entity’s business as a whole are made, but should also take into account the place where the chief executive officer and other senior executives usually carry on their activities, as well as the place where the senior day-to-day management of the enterprise is usually carried on.

Hungary made an observation on Article 8 of the Commentary of the OECD Tax Convention as well. According to this later observation Hungary (together with Canada, Mexico and New Zealand) reserves the right to tax as profits from internal traffic, profits from the carriage of passengers or cargo taken on board at one place in a respective country for discharge at another place in the same country.

The sale of goods and provision of services are subject to Value Added Tax, at a general rate of 27%. However, special rates are applicable for certain goods and services such as milk and dairy products, hotel accommodation (18%) or pharmaceuticals (5%).

Out of local taxes the most important to note is the local business tax. Its base is calculated after the net income decreased with the cost of goods sold, mediated services, subcontractors’ performance, material cost and direct cost of R&D. The rate of local business tax is determined by each local municipality itself but cannot be higher than 2% of the positive tax base. Local business tax is not included in the double tax treaties. Both Hungarian and foreign companies (with Hungarian permanent establishment) are subject to local business tax but foreign permanent establishments of a company are excluded. Please note that the definition of a permanent establishment is different from the one used in the case of corporate income tax.

The local business tax base is used to determine a so called innovation contribution with a general rate of 0.3%. Such contribution is used to finance the Research and Technology Innovation Fund. Foreign companies are exempted from this later contribution payment liability.

Annex B
Double taxation treaties (as of 1 February 2016)
Country
Double Taxation Legislation
Country
Double Taxation Legislation
Albania
Act XCI of 1996
Macedonia
Act XXXV of 2002
Australia
Act XXXVI of 1993
Malaysia
Act LX of 1993
Austria
Law Decree No. 2 of 1976
Malta
Act LXVII of 1993
Armenia
Act X of 2010
Mexico
Act CXLV of 2011
Azerbaijan
Act LXXXIX of 2008
Moldavia
Act XVIII of 1999
Bahrein
Act XLIX of 2014
Mongolia
Act LXXXII of 2000
Belarus
Act CXII of 2004
Montenegro
Act XXV of 2003
Belgium
Government Decree 20/1984. (IV.18.)
Morocco
Act VIII of 2002
Bosnia and Herzegovina
Law Decree No. 6 of 1988
The Netherlands
Government Decree 10/1988. (III.10.)
Brazil
Act XXVII of 1992
Norway
Government Decree 67/1981. (XII.16.)
Bulgaria
XCII of 1996
Pakistan
Act II of 1996
Canada
Act XVI of 1995
The Philippines
Act XVII of 2000
People's Republic of China
Act XV of 1999
Poland
Act XXVIII of 1931
Croatia
Act XVIII of 2000
Poland
Act XXVII of 2002
Cyprus
Government Decree 82/1982. (XII.29.)
Portugal
Act XIX of 2000
Czech Republic
Act XCIII of 1996
Qatar
Act XV of 2012
Denmark
Act LXXXIII of 2011
Romania
Law Decree No. 16 of 1949
Egypt
Act XVII of 1995
Romania
Act XCIX of 1996
Estonia
Act CXXVIII of 2004
Russia
Act XXI of 1999
Finland
Government Decree 66/1981. (XII.16.)
San Marino
Act CXXXII of 2010
France
Government Decree 65/1981. (XII.16.)
Saudi-Arabia
Act LII of 2014
Georgia
Act XIV of 2012
Serbia Montenegro
Act XXV of 2003
Germany
Act LXXXIV of 2011
Singapore
Act XXI of 2000
Greece
Government Decree 33/1985. (VII.1.)
Slovakia
Act C of 1996
Hong Kong
Act CXXIX of 2010
Slovenia
Act CXLVI of 2005
India
Act CXLIV of 2005
South Africa
Act VII of 1999
Indonesia
Act X of 1999
Spain
Government Decree 12/1988. (III.10.)
Ireland
Act XI of 1999
Sweden
Government Decree 55/1982. (X.22.)
Island
Act CXLV of 2005
Switzerland
Act CLXIII of 2013
Israel
Act LXIII of 1993
Taipei
Act CXXXIII of 2010
Italy
Government Decree 53/1988. (XII.12.)
Thailand
Government Decree 13/1990. (VII.25.)
Italy
Government Decree 12/1988. (III.10.)
Tunisia
Act XXVIII of 1999
Japan
Law Decree No. 18 of 1980
Turkey
Act CI of 1996
Kazakhstan
Act XIV of 1999
Ukraine
Act XXX of 1999
Korea (South Korea)
Act XXVIII of 1992
United Arab Emirates
Act CLXI of 2013
Kosovo
Act CLXXXVII of 2013
United Kingdom
Act CXLIV of 2011
Kuwait
Act LXX of 2003
United States
Government Decree 49/1979. (XII.6.)
Latvia
Act CXXX of 2004
Uruguay
Act XXXI of 1999
Lichtenstein
Act CL of 2015
Uzbekistan
Act XC of 2008
Lithuania
Act CXXIX of 2004
Vietnam
Act CII of 1996
Luxembourg
Act XCV of 1990

Registration and Documentation

The Hungarian ship registry contains the following information about each (seagoing) vessel:
• name or identification letters or numbers;
• cruising area;
• previous name or identification letters or numbers, if any, with an “ex” marking;
• type of vessel (sort and character);
• material of the vessel’s body;
• main engine’s type and its capacity in kW;
• place and year of launching;
• name and seat of the builder;
• year and place of the main engine’s production;
• main dimensions of the vessel in meters;
• minimum crew number (without the shipmaster in the case of a large seagoing ship);
• call sign and international identification number of the vessel;
• gross and net carriage capacity of the vessel in m³;
• class of the vessel and the name of the classification society.

For the registration of a vessel, a written application must be filed with the Registration Authority, containing the following information:
• name, maiden name of the mother, place and date of birth, address and citizenship of the applicant;
• exact identification of the vessel;
• the right or data that is to be registered (see the contents of the Ship Register above);
• title of the change;
• approval of the entitled party, consent of the parties concerned;
• statement of the parties concerning the citizenship and the address (seat).

The application for registration and the documents evidencing the information required for registration must be submitted to the Registration Authority in Budapest within 15 days after the occupation of the vessel. All documents must be notarized or witnessed originals or official or notarized copies. Hungarian consulates may certify copies of such documents, but do not accept applications for registration. Under Hungarian law, provisional registration of vessels built in Hungary for foreign purposes is also available.
The Certificate of Registration, issued by the Registration Authority in Hungarian and English, is valid for an indefinite period of time. However, any change in the data recorded must be reported to the Registration Authority within 30 days.

Bareboat Charter Registration

The Shipping Act permits bareboat charter registration of seagoing vessels into and out of the Ship Register. The duration of the bareboat charter registration may not be longer, than that of the bareboat charter party and the relevant vessel must be temporarily deleted from its own register.

In the event of bareboat charter registration out of the Hungarian Ship Register, if the vessel was mortgaged, the mortgagee must give his consent to the temporary deletion of the registration. However, after the expiration of the bareboat charter party, the original registration becomes effective, while the other rights registered in the Ship Register are not affected by the bareboat charter registration.

Vessel and Yacht Eligibility & Survey Requirements

For vessels registered in Hungary, no special age limitation is set by law. An inspection of the vessel by the Shipping Authority is carried out prior to its commencement of operation (registration) and every ten years thereafter. (However, ferries, passenger carriers, passenger ships and commercial floating machines must be inspected every two, three and five years, respectively). Every ten years (for passenger carriers, every six years) the vessel must be beached or dry-docked for inspection. In addition, seagoing vessels registered in Hungary must be classified by a recognized foreign classification society. The Hungarian Shipping Authority has recognized the classification of seagoing vessels by all foreign classification societies recognized by the European Commission.

Crewing

Under the Shipping Act, a vessel must be operated with a proper number of trained personnel. The shipmaster and the first mate serving on a Hungarian vessel taking part in international traffic must be a citizen of a member state of the European Economic Area (EEA). The employment of a non EEA citizen is subject to the permission of the regional Labour Office, a government agency under the supervision of the Ministry of National Economy, as the general rules of Hungarian labour law are applicable for the employment of seafarers.

Mortgages

Under the Shipping Act, the mortgage of seagoing ships or inland water large ships is permitted and such mortgage is created by the registration of the mortgage in the Ship Register.
The rules for the creation and enforcement of mortgages (hypothecation, in Hungarian: jelzálog) are set forth in the Civil Code and in Act LIII of 1994 on the Enforcement of Judicial Decisions (the “Enforcement Act”), and Hungary is a party to the International Convention for the Unification of Statutory Privileges (Priority Claims) and Maritime Hypothecs, which was signed by Hungary on April 10, 1926, in Brussels, Belgium (the “1926 Brussels Convention”).

Creating a mortgage
To mortgage a vessel, or, in the case of joint ownership, an ownership share of a vessel, a written mortgage agreement in the form of a notarial deed must be made between the owner of the vessel (or the owner of the ownership share) as mortgagor and the mortgagee, and the mortgage must be registered with the Registration Authority. Vessels may also be subject to a floating charge whereby all or part of the assets of the owner (such as a Kft. or an Rt.) are given as collateral. Such floating charge must be incorporated in a notarial deed and registered with the Notarial Registry.

Priority
The transfer of, and any further charge over, mortgaged vessels are subject to the mortgage. Any buyer or beneficiary of a new charge is expected to investigate the Ship Register and is deemed to be aware of any registered mortgage. If a vessel is charged with several mortgages, the mortgagees rank according to the order of creation (i.e. registration) of the charges, meaning that the mortgagee whose security was registered earlier is entitled to receive satisfaction from the mortgaged vessel prior to those whose mortgages were created later. In the event of the discharge of a mortgage, the mortgagor is entitled to create a new mortgage for the benefit of the either the former mortgagee or a third person in lieu of and to the extent of the former mortgage. The mortgagor may also reserve the rank of the discharged mortgage for a period of any year and take advantage of this ranking later. This rule means that a second ranking mortgage will not necessarily become first ranking even when the first ranking mortgage is discharged.

Enforcement
Under Hungarian law, in addition to the ordinary legal action and subsequent enforcement of judgement against the debtor, the following means of enforcement are available to the mortgagee:
The court issues an execution warrant (in Hungarian: végrehajtási záradék) on the basis of a notarial deed of mortgage without the need for an extensive judicial proceeding.
The right to satisfaction by means other than by judicial enforcement shall be exercised, at the mortgagee’s discretion:
a) through the sale of the vessel by the mortgagee;
b) through the acquisition of the vessel by the mortgagee; or
c) through the enforcement of a hypothecated right or claim.

The mortgagee shall be entitled to switch to a different mode of enforcement of the right to satisfaction.

The satisfaction of the mortgage is subject to any priority claims recognized by the 1926 Brussels Convention.

Fees

Shipping Licence
1. For the issuance of a shipping licence
basic fee for waters inside Hungary
HUF 86,000 plus HUF 20 per displacement ton
for all waters
HUF 86,000 plus HUF 20 per displacement ton
2. For the extension (upon expiry) of a shipping licence
basic fee
HUF 3,000 plus HUF 20 per displacement ton
3. For amendment of a shipping licence
HUF 83,000 plus HUF 20 per displacement ton
4. International Shipping and Seafarer Certificates
for the issuance and amendment of international shipping and seafarer certificates
HUF 47,000
for the confirmation of international shipping and seafarer certificates
HUF 47,000
5. For the issuance of various national certifications
pursuant to minutes of surveys
HUF 26,000
6. For the issuance of log books and muster-rolls
HUF 7,000
Fees for procedures (services) of the Shipping Authority
1. Approving the construction or reconstruction plans of floating facilities for vessels, self-propelled floating machines, motor ferries, small ships serving for transporting passengers or forwarding vessels and floating structures for commercial purposes
HUF 154,000
2. Performing commissioning, periodical and voluntary functionality tests on floating facilities, or performing tests on vessels, self-propelled floating machines, motor ferries, small ships serving for transporting passengers or forwarding vessels and floating structures for commercial purposes when lifted from water or landed
HUF 151,000
3. Basic fee chargeable for the measurement of the tonnage of sea vessels
HUF 216,000
Fees for administrative procedures (services) for the registration of floating facilities
1. Registration of a new floating facility or registration of a change in ownership
a) seagoing vessels, per ton (gross weight)
HUF 300
b) inland waterway vessels and floating machineries
HUF 50,000
c) inland waterway ferries, floating structures operated for business purposes and small ships
HUF 5,000
d) small leisure boats, floating structures and engine-driven water sport equipment
HUF 31,000
2. Rights to be registered and facts to be recorded in the registry [Sections IV and V of Government Decree No. 198/2000 (XI. 29.)]; per right be registered and per fact to be recorded, per each registration, recording, change and deletion procedure, and procedural fees for requests concerning preliminary guarantee of a registry ranking
a) seagoing vessels
HUF 128,000
b) inland waterway vessels and floating machineries
HUF 31,000
c) inland waterway ferries, floating structures operated for business purposes and small ships
HUF 15,000
d) small leisure boats, floating structures and engine-driven water sport equipment
HUF 31,000
3. Provisional registration
HUF 33,000
4. Issuing the title deed certificate per floating facility
HUF 33,000
5. Issuing the registration certificate
HUF 25,000
6. Modification of the registered data due to a certified change, deletion from the registry or the provisional registry and certification of registering the change
HUF 17,000

(Note that there are other fees specified by the above cited Decree which are not relevant for seagoing commercial vessels.)

Corporate Registration Charges:
Under the Duties Act, a stamp duty of HUF 100,000 (600,000 for a public company limited by shares, 50,000 for unincorporated business associations and 30,000 for sole proprietorships) shall be paid for the registration with the Court of Registration of a company. The duty payable for registering changes in the company’s assets is 40 per cent (40%) of the duty of registration.

Contact

Contact to the shipping authorities of Hungary:

Ministry of National Development, Department for Shipping Authority
Address: H-1066 Budapest, Terez krt 62. Postal address: H-1441 Budapest, Pf. 88
Telephone: + 36 1 8159 646 Fax: + 36 1 8159 659 Email: hhf@nfm.gov.hu

Government Office of the Capital City Budapest, Department of Transport
Address: H-1066 Budapest, Terez krt. 62. Postal address: H-1387 Budapest 62, Pf. 1007
Telephone: + 36 1 4741 751 Fax: + 36 1 3111 412 Email: hajozas@bfkh.gov.hu

Shipping Survey and Registering Unit
Telephone: + 36 1 4741 795 Fax: + 36 1 3111 412 Email: hajo.hur@bfkh.gov.hu

Ports Unit
Telephone: +36 1 4741 764 Fax: + 36 1 3111 412 Email: kikoto@bfkh.gov.hu

Shipping Licensing and Controlling Unit
Telephone: + 36 1 474 1752 Fax: + 36 1 311 1412 Email: heo@bfkh.gov.hu

Stockholm Agreement 96
IMO Convention 48
* IMO amendments 91 
* IMO amendments 93
SOLAS Convention 74
SOLAS Protocol 78
SOLAS Protocol 88
LOAD LINES Convention 66
LOAD LINES Protocol 88
TONNAGE Convention 69
COLREG  Convention 72
CSC Convention 72
CSC amendments 93
SFV Protocol 93
STCW  Convention 78
STCW-F Convention 95
SAR  Convention 79
STP Agreement 71
STP Protocol 73
IMSO Convention 76
INMARSAT OA 76
INMARSAT amendments 94
INMARSAT amendments 98
IMSO amendments 2006
IMSO amendments 2008
FACILITATION Convention 65
MARPOL 73/78 (Annex I/II)
MARPOL 73/78 (Annex IV)
MARPOL 73/78 (Annex V)
MARPOL Protocol 97 (Annex VI)
London Convention 72
London Convention Protocol 96
INTERVENTION Convention 69
INTERVENTION Protocol 73
CLC Convention 69
CLC Protocol 76
CLC Protocol 92
FUND Convention 71
FUND Protocol 92
FUND Protocol 2003
NUCLEAR Convention 71
MARPOL 73/78 (Annex III)
PAL Protocol 76
PAL Protocol 90
PAL Protocol 02
LLMC Convention 76
LLMC Protocol 96
SUA Convention 2005
SUA Protocol 2005
SALVAGE Convention 89
OPRC  Convention 90
HNS Convention 96
OPRC/HNS 2000
BUNKERS CONVENTION 01
ANTI FOULING 01
BALLASTWATER 2004
NAIROBI WRC 2007
HONG KONG CONVENTION
HNS PROT 2010
Cape Town Agreement 2012
SUA Convention 88
SUA Protocol 88

IMO Conventions

Status of Conventions Hungary

IMO Convention 48 x
SOLAS Convention 74 x
SOLAS Protocol 78 x
SOLAS Protocol 88
SOLAS Agreement 96
LOAD LINES Convention 66 x
LOAD LINES Protocol 88 x
TONNAGE Convention 69 x
COLREG Convention 72 x
CSC Convention 72 x
CSC amendments 93
SFV Protocol 93
Cape Town Agreement 2012
STCW Convention 78 x
STCW-F Convention 95
SAR Convention 79 x
STP Agreement 71
Space STP Protocol 73
IMSO Convention 76 x
INMARSAT OA 76 x
IMSO amendments 2006
IMSO amendments 2008 x
FACILITATION Convention 65 x
MARPOL 73/78 (Annex I/II) x
MARPOL 73/78 (Annex III) x
MARPOL 73/78 (Annex IV) x
MARPOL 73/78 (Annex V) x
MARPOL Protocol 97 (Annex VI)
London Convention 72 x
London Convention Protocol 96
INTERVENTION Convention 69
INTERVENTION Protocol 73
CLC Convention 69
CLC Protocol 76
CLC Protocol 92 x
FUND Protocol 76
FUND Protocol 92 x
FUND Protocol 2003 x
NUCLEAR Convention 71
PAL Convention 74
PAL Protocol 76
PAL Protocol 90
PAL Protocol 02
LLMC Convention 76 x
LLMC Protocol 96 x
SUA Convention 88 x
SUA Protocol 88 x
SUA Convention 2005
SUA Protocol 2005
SALVAGE Convention 89
OPRC Convention 90
HNS Convention 96 x
HNS PROT 2010
OPRC/HNS 2000
BUNKERS CONVENTION 01 x
ANTI FOULING 2001 x
BALLASTWATER 2004
NAIROBI WRC 2007
HONG KONG CONVENTION

x= ratification
d=denunciation

Subscribe to Newsletter

Stay up-to date with the latest news and updates

Thanks for submitting!

Company Info

Social

  • Facebook
  • Twitter