Greenfield Investments – Why Hungary? – Investment framework

Key sectors in Hungary: automotive, battery, business service centres, electronics, information and communication technologies, food industry, life sciences, logistics, and medical technologies are considered to be industries in which Hungary actively invites investors. More than 170 000 people are employed in the automotive industry. 1. Key information More Hungarian firms are engaged in international trade than is typical across the EU (70% versus 63%). Manufacturers (92%) are far more likely…

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Risks in greenfield investments

In general, greenfield investment is referred to as one of the types of foreign direct investment, which includes the most significant number of risks. This is because the investor needs to create a production chain from the very beginning. While it can offer numerous advantages, such as greater control, the potential for long-term growth, and a large profit percentage, there are several risks associated with greenfield investments. 1. Political and…

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Startup Enterprises in Hungary

Hungary provides various elements that can be found helpful to your business. Starting with an ideal location nearby the capitals of Austria and Slovakia, Vienna and Bratislava, continuing with a growing number of startup accelerators, incubators and hubs, and finishing with lovely architecture and kind people. Not excluding the fact that various improvements have been recently imposed by the government, making it easier for startup companies to enter the market…

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Obligations after receiving the residence permit

Any third-country national holding a valid residence permit is entitled to enter Hungary and stay for more than ninety day within any one hundred and eighty day period during the validity of the permit. However, they also have additional obligations during residency especially in case of future extension intent. 1. Residence permit Third-country nationals shall preserve their residence permit and they are obligated to promptly notify the immigration authority if…

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Overview of immigration procedures in Hungary

A person who is not an EEA citizen or a family member of one* may travel to Hungary with a valid visa or shall apply for a residence permit depending on the intended duration of the stay. If this period does not exceed 90 days within 180 days, third-country nationals are entitled to travel to the Schengen area, therefore Hungary, with a Schengen visa issued by a member state. Depending…

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