From January 1, 2024, for Hungarian companies that have foreign subsidiaries the Hungarian Government will create a new Subsidy Program in Hungary.
The subsidy will be available throughout Hungary (excluding Budapest). Eligibility requires either the implementation of an investment starting in 2024 with a value of €3 / €5 / €10 million (depending on the location), or the establishment of a regional service center employing at least 10 people. In addition, during the mandatory operation period, dividends must be paid to the Hungarian parent company.
This latter requirement is a key factor in determining the amount of the subsidy on a case-by-case basis, which may not exceed €30 million per project. Within this scheme, investors are entitled to receive 30% of the subsidy as an advance. Another significant advantage is that only authorization letters are required as collateral.
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.
