Magáncéges

Magáncéges is a Hungarian term that translates to "private company" or "company of private origin." It is used to distinguish businesses that are not state-owned or publicly traded from other types of enterprises. In essence, a magáncéges is an entity established and owned by private individuals or other private entities, rather than by the government.

The ownership structure of a magáncéges can vary. It might be a sole proprietorship, a partnership, a limited liability company (Kft.), or a joint-stock company (Zrt. or Nyrt.) where the majority of shares are held by private individuals or entities. The key characteristic is the absence of significant state control or ownership in its founding and ongoing operations.

These companies play a crucial role in the Hungarian economy, contributing to employment, innovation, and the provision of goods and services. They operate within the legal framework established for businesses in Hungary, adhering to relevant regulations and tax laws. The term is often used in discussions about economic policy, privatization, and the general landscape of business ownership in the country.