Expand Your Workforce
VIP Cash Grant for Job Creation Based on Individual Government Decisions
The VIP Cash Grant aims to facilitate the establishment and expansion of service centers in Hungary, thereby creating new jobs. This funding provides a significant incentive to reduce the costs associated with job creation.
I'm Interested in the GrantSubsidy for Job Creation
Eligible Activities
The VIP Cash Grant can be requested for the following activities:
Establishing a Service Center: Setting up a new center specialized in specific service activities.
Expanding a Service Center: Increasing the capacity of an existing center by creating new jobs.
Form and Extent of Job Creation VIP Cash Grant
VIP Cash Grant is provided as a non-refundable cash grant under a post-financing system. The exact amount is determined by an individual government decision and can cover up to 50% of eligible costs, depending on the location of the service center.
ELIGIBILITY CRITERIA
To qualify for VIP Cash Grant, the following conditions must be met:
At least 25 new jobs must be created within the project, but no later than within three years..
The EKD support is only available for specific service activities, such as IT services, customer service, financial services, warehousing, etc.
Eligible Costs:
The following costs can be covered under VIP Cash Grant:
Personnel-related expenses: Costs associated with newly created jobs, such as wages and social contributions, for the first two years of employment.
MAINTENANCE PERIOD
The newly created jobs and the operation of the service center must be maintained for at least 3-5 years, depending on the size of the company.
BUSINESS SUCCESS AT EVERY SCALE
MAXIMIZE YOUR GRANT RESULTS
WITH IBSH'S HELP
0
Free consultation on subsidy opportunities
ibsh cooperation
1
state aid perspective due diligence of the company and designation of dedicated ibsh contact
2
setting up an eligible project, submit the subsidy application
3
communication with the managing body and the donor
4
preparing the financial and monitoring reports
THE UNIQUENESS OF IBSH
Market-leading experience gained on the donor’s side
Strategic advantage through stable professional relationships
Commitment to professional responsibility and fostering long-term partnerships
Let's work together to find the best solution for your company
Are you ready to leverage the opportunities provided by government support and grants? Fill out our form and get in touch with our experts for more details!
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