From January 1, 2024, in line with European Union regulations, the maximum amounts of cash subsidies granted under national authority within the framework of VIP cash incentive will change. The opportunities to get incentive for service centers in Hungary may increase.
Under the new rules, investments may receive the full maximum subsidy intensity for amounts up to €55 million (in present value). For amounts between €55 million and €110 million, up to 50% of the maximum subsidy intensity may be granted under national authority without requiring EU approval.
This means that, in the case of a 50% maximum subsidy intensity, the total subsidy may reach up to €41.25 million in present value.
Another favorable change concerns business service centers: instead of the previous requirement of 50 new jobs, investments may now qualify for VIP cash subsidy if they create at least 25 new jobs.
We are pleased to assist you and your company in applying for this subsidy and throughout the entire application process.
If you have any questions regarding the program, please contact our colleagues.
