KFT is a legal entity in Hungary, officially known as Korlátolt Felelősségű Társaság and abbreviated as KFT. It is a form of limited liability company with a consolidated ownership structure, and it does not require public participation in the market. According to Hungarian law, KFT must have at least one shareholder and one director, but it is not necessary to appoint a legal representative or a local resident as a director. Additionally, KFT is not required to appoint a company secretary. The minimum registered capital is 3,000,000 Hungarian forints, approximately 65,000 RMB, and there is no need for capital verification. KFT is a common legal entity form suitable for small businesses and startups.