Homonym: kft (Company)
KFT, or Kft., stands for "Korlátolt Felelősségű Társaság," which is Hungarian for "Limited Liability Company." This business structure is commonly used in Hungary and provides limited liability protection to its owners, meaning their personal assets are generally protected from business debts and liabilities. KFTs are popular among small and medium-sized enterprises due to their flexible management structure and relatively simple formation process.
To establish a KFT, a minimum capital requirement must be met, and at least one founder is needed. The company must be registered with the Hungarian Court of Registration, and it must comply with local regulations, including tax obligations. KFTs can engage in various business activities, making them a versatile choice for entrepreneurs in Hungary.