Why to Invest in Hungary?

Labor, Strategic Location, Infrastructure
Foreign companies select Hungary primarily to benefit from its competitively priced, highly skilled Hungarian labor force, easy access to European countries, advanced business infrastructure, and record low corporate tax rate of from 2011 in Europe. The interest of foreign investors is still strong in the areas of shared services, IT, logistics, biotechnology, automotive and electronics.

Incentives and strong government support
The Hungarian Government is committed to ease doing business, to increase the competitiveness of both SMEs and large enterprises in Hungary. The focus is on high value added activities, like shared service centers, research and development, high value added production. Foregin Direct investors receive a high level of government and community support through the Hungarian Investment and Trade Agency (HITA), formerly known as ITD Hungary. To learn more please click here.

IBM White Paper on Hungarian Workforce (Human Factors of the Hungarian competitiveness)
IBM has initiated researches with the involvement of renowned experts and research institutes and the main findings of 8 studies over 5 years were summarized in this White Book. For Hungarian version, click here. For English version, click here.

Record low corporate tax rate of 10% from 2011
The Ministry for National Economy regards it as a mission to make the system of taxes uncomplicated and to cut tax rates. On November 16, 2010, the Hungarian Parliament passed the 2011 Tax Bill that lowers the corporate tax rate to 10% from 19% for companies with annual revenues of up to 500 million forints from January 1, 2011. Any further profits will continue to be taxed at the general rate of 19%. Also, it cuts the corporate tax to 10% for all companies regardless of revenue starting January. 1, 2013. As a result of the cut in tax rates, Hungary will provide the most optimal tax environment in the Central-European region, regaining its reputation with it and increasing its potential to attract more capital and to create many more jobs. For details on corporate tax rate, please click here.

2011 Tax Bill
For a summary on the 2011 Tax Bill covering the new record low Corporate Tax rate, the reduction of Personal Income Tax rate, Capital Gains, In-kind-benefits, Social Insurance charges, Value Added Tax, Bank Tax, Crisis Surtax, please click here.

Economist Intelligence Unit forecast for Hungary 2006-2015
The Economist Intelligence Unit is the world's leading resource for economic and business research, forecasting and analysis. Like The Economist, they are independent of all governing bodies and corporations, leaving us free to deliver accurate and impartial business intelligence. To download forecast for Hungary 2006-2015, please click here.

Article about Ferenc B.Nagy,
Stay In Hungary Kft

Octogon Interview
with Managing Director

Octogon Interview,
Hungarian version

Reference projects

• Reference Project 1: Albemarle Corporation, new SSC Center in Budapest (US based, listed chemical company)

• Reference Project 2: Dealogic, new Software Development Center, Budapest (US-UK based software developer serving investment banks from NYC to Tokyo)

• Reference Project 3: Merck, new Head Offices, Budapest (German based, listed, pharmaceutical and chemical company)

• Reference Project 4: The Embassy of the State of Kuwait, Budapest (Diplomatic mission)

• Reference Project 5: TATA Consultancy Services (TCS), Budapest. (Indian, listed information technology company)

• Reference Project 6: DBH Group, new Serviced Office, Budapest (Dutch-Hungarian venture capital firm)

• Reference Project 7: Bank of Georgia, Representative Office in Budapest (Georgia's leading universal bank, London Stock Exchange listed)

• Reference Project 8: The Hackett Group, Office Space/HR recruitment (American, listed, global strategic business advisory firm)