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Hungarian company formation is the fastest and simplest in the European Union, as it takes only 2-3 business days, and whatever nationality you are, you will need only a document of identification – mostly your passport. You have to travel to Hungary only for the company bank account opening, and you can start your activity right away. Your main activity will be property management, and the income of your company will come from renting the property you purchase. Through your company and automatically granted EU VAT number you will also be able to do other forms of business in Hungary and in the EU if you wish to.