VIP Cash Subsidy is available for investments over EUR 3 million

The amendment draft of VIP Cash Subsidy legislation has been published recently, broadening the scope of eligible projects by the significant reduction of CAPEX thresholds.

In case the eligible costs of the investment reach at least EUR 3 million in Hungary, investors may apply for the non-refundable subsidy, regardless of the company’s size (SME or large).

With the following exceptions:

• every district seat and certain county seats (Salgótarján, Miskolc, Nyíregyháza, Békéscsaba, Pécs, Kaposvár and Szolnok), with a minimum EUR 5 million criterion, as well as
• the most developed county seats (Győr, Székesfehérvár, Tatabánya, Szekszárd, Kecskemét, Szombathely, Veszprém, Debrecen, Szeged, or Eger), with a minimum EUR 10 million threshold.

Eligibility criterion of the VIP Cash Subsidy

Please be noted the length of the investment period, during the investment’s costs occur, may be determined by the investor.

The draft amendment of the legislation comprises several favorable conditions for the ongoing cash subsidy processes as well.

Should You consider a new investment or a capacity expansion in the near future, our FDI Advisory Team is ready to support You.

Contact:

E-mail: fdi@bdo.hu

Phone: +36 70 337 6760