Investment Opportunities in Hungary

Overview by

Protection of Foreign Investment

Bilateral Investment Conventions Signed By Hungary
Consult the website of the European Union.
International Controversies Registered By UNCTAD
conflits de l'UE mettre lien vers disputes de l'UE
Organizations Offering Their Assistance in Case of Disagreement
MIGA , Multilateral Investment Guarantee Agency
WTO , World Trade Organization
Member of the Multilateral Investment Guarantee Agency

Country Comparison For the Protection of Investors

  Hungary Eastern Europe & Central Asia United States Germany
Index of Transaction Transparency* 2.0 6.3 7.0 5.0
Index of Manager’s Responsibility** 4.0 4.0 9.0 5.0
Index of Shareholders’ Power*** 7.0 6.2 9.0 5.0
Index of Investor Protection**** 4.3 5.5 8.3 5.0

Source: Doing Business

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

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Procedures Relative to Foreign Investment

Freedom of Establishment
Acquisition of Holdings
Up to 100 percent foreign ownership is permitted with the exception of designated "strategic" holdings in some defense-related industries. The current government’s renewed privatization concept is opening some of the strategic holdings to private participation. Foreigners investing in financial institutions and insurance must officially notify the government but do not need advance authorization. Foreign financial institutions may operate branches and conduct cross-border financial services in Hungary, in keeping with OECD commitments. Currently, foreign firms control 2/3 of manufacturing, 90% of telecommunications and 60% of the energy sector.
Obligation to Declare
For contact information at national customs authorities, please visit the European Union website or the Hungarian Customs Office.
Competent Organization For the Declaration
Hungarian Customs and Finance Guard
Requests For Specific Authorizations
To determine if a license is required for a particular product, check the TARIC.
Hungary, like many EU Member States, maintains its own list of goods subject to import licensing (arms, precious metals etc.)
Find Investment Service Providers in Hungary on

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Office Real Estate and Land Ownership

Possible Temporary Solutions
Locations d'usine, bureaux.
The Possibility of Buying Land and Industrial and Commercial Buildings
Under the Investment Act, a company incorporated in Hungary may only acquire real estate "required for its economic activities," but this has been broadly interpreted and has not prevented foreign entrepreneurs from engaging in property development. Only private Hungarian citizens and EU citizens resident in Hungary and engaged in agricultural activity can purchase farmland, while others may lease it. Restrictions on foreigners buying land will remain in force for seven years following EU membership and it is possible they could be extended for an additional three years
Risk of Expropriation

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Investment Aid

Forms of Aid
Performance requirement/incentives are available to all enterprises registered in Hungary, regardless of the nationality of owners or location of incorporation, and applied on a systematic basis. To comply with European Union rules, the government of Hungary no longer grants tax holidays based on investment volume.
Privileged Domains
Economic development
Transport and infrastructure
Social Renewal
Social infrastructure
State Reform
Electronic Public Administration Etes-vous sûr que la réponse st appropriée? Ici on demande quels secteurs sont priviligiés par les investisseurs étrangers.
Environment, Energy
Privileged Geographical Zones
The folowing subvention rates are allowed by region :
- North Hungary, North Great Plain, South Great Plain, Centre Transdanubia, and South Transdanubia: 50%,
- West Transdanubia 45%,
- Pest county 40%,
- Budapest 35%.
Free Zones
Currently no company operates in customs free zones and all of them transferred their assets and continued operation following customs handling of their assets. The Finance Ministry plans to nominate customs free zones, but currently there seems to be little demand for this service. Possible sites could include Székesfehérvár, Gy?r, Kecskemét, Miskolc, or Szombathely.
Organizations Which Finance
Magyar Fejlesztési Bank

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Investment Opportunities

The Key Sectors of the National Economy
Automotive, Computer Technology, Tourism.
High Potential Sectors
Environment, Housing.
Privatization Programs
Railway, Energy.
Tenders, Projects and Public Procurement
Ted - Tenders Electronic daily, Business opportunities in EU 27
Tenders Info, Tenders in Hungary

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Sectors Where Investment Opportunities Are Fewer

Monopolistic Sectors
Post, public transport.
Sectors in Decline
Mining, Textile.

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