Hungary

Hungary offers a unique blend of innovation, quality of life, and economic opportunity within the European Union.

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Budapest

Sources: DG for Communication

Euro (€)

Sources: DG for Communication

Hungarian

Sources: DG for Communication

9.5M

Sources: Eurostat

9% Corporate Tax

The lowest flat corporate tax rate in the European Union.

With a 9% flat corporate tax rate, Hungary offers the most competitive tax environment in the EU, providing a powerful incentive for businesses to invest and grow.

17th in Tax Competitiveness

International Tax Competitiveness Index 2023.

Ranked among the top 20 globally, Hungary's tax system is recognized for its competitiveness, particularly its low corporate tax rate and simplified structure.

Hungary fosters innovation with significant tax relief for R&D, including a recently increased tax base allowance for research carried out with academic institutions.

70% Achievement on SNS #1: Fast Startup Score

Efficiency of starting a business and administrative support.

Hungary has developed a supportive and efficient environment for new businesses, making it straightforward for entrepreneurs to launch and integrate into its economy.

Hungary's economy is projected to experience strong growth, driven by its strategic location, skilled workforce, and significant foreign investment.

75% on SNS #6: Access to Finance Score

Availability of public and private funding for startups.

Hungary's startup ecosystem is well-supported by a combination of public funds and a growing venture capital scene, ensuring good access to finance for new ventures.

Hungary offers a business-friendly environment with straightforward processes for starting a business and obtaining construction permits.

Hungary provides a significant competitive advantage with its highly skilled workforce and one of the lowest labour costs in the European Union.

15% Personal Income Tax Rate

A flat tax rate applies to all personal income.

Hungary's simple and low 15% flat-rate personal income tax, combined with family tax benefits, creates an attractive system for individuals and families.

Hungary provides universal healthcare coverage, and is focused on modernizing its health infrastructure to improve accessibility and patient outcomes.

Hungary offers a very affordable European lifestyle, with a low cost of living that provides high purchasing power and financial comfort for residents.

Hungary's rich culture, beautiful capital city, and strong community life contribute to a positive sense of well-being and life satisfaction.

Ranked among the top 20 most peaceful countries, Hungary offers a safe and secure environment for residents, with low crime rates and a stable society.

With a very high employment rate, Hungary's labour market is robust, offering plentiful opportunities and reflecting a strong and resilient economy.

Hungary is making solid progress in its digital transformation, with an increasing number of public services available online to simplify administrative tasks.

As inflation trends downwards, Hungary's economy is moving towards greater price stability, creating a more predictable environment for consumers and businesses.

Hungary has embassies and consulates worldwide that offer visa services and assistance to its citizens abroad. A current list of these missions is available on the Ministry of Foreign Affairs website.

EU citizens can use both the “EU, EEC, SWISS” and the passport lanes at the border crossing points.

Non-EU citizens must possess a valid visa in addition to the passport.