The best EU country to set up an IT business

April 28, 2017

A major European tech hub

Hungary has become a veritable tech-hub in recent years. It boasts a number of rising stars of the tech scene, including Prezi, Ustream, LogMeIn and Graphisoft. In addition, large tech corporations like Microsoft and IBM have subsidiaries with sizeable workforces in Budapest.

What makes Hungary so attractive for tech firms? The answer is the right combination of abundant local talent, excellent conditions for attracting international talent, along with low operation and living costs: all ideal for setting up your IT business.

The lowest corporate tax in Europe

Starting from the beginning of 2017, Hungary lowered its corporate tax to only 9%, making it the lowest on the continent. The 9% rate is flat for all company sizes, meaning that start-ups and large corporations alike can take advantage of it, in all sectors – including the IT business..

In the middle of Europe

Hungary is located in the geographical center of Europe. It is well-connected to all European and major international cities by regular flights. It also has an excellent rail and road network, making the travel to a conference or business meeting a breeze. It might be obvious: the internet is also accessible from almost anywhere in Hungary.

Borderless travel

As a full member of the EU and the Schengen zone, Hungary offers free movement of goods, services and people. EU citizens do not need a visa or a work permit to live and work in Hungary. For non-EU citizens, a Hungarian work permit automatically means unlimited travel within the Schengen zone.

Affordable living and business costs

The cost of living, especially real estate and services, is a fraction of that in Western Europe. This means you can hire and keep top talent for much less, and still provide a higher standard of living to your employees. Naturally, renting an office or hiring a contractor will also be much more affordable.

Fast and easy company setup with Helpers

We have more than 12 years of experience in assisting foreign businesspeople with incorporating and managing their companies. Contact us to set up your Hungarian company in just 4-5 business days.

Last Updated 28.11.2019



Contact us

  • Privacy Policy
    In order to contact you and provide you a relevant service proposal we handle your data based on our Privacy Policy.
    I want to subscribe to the blog so I get regular updates on topics related to business immigration, citizenship application, business services and other services.
  • This field is for validation purposes and should be left unchanged.
Company modification tips Hungary – Address change
Company modification tips Hungary – Address change

Company modification is the official procedure through which a lawyer helps you change the core data of your Hungarian company with the Company Registry. One of the cases you need this procedure is when there is a change to the address of any of the owners and main executives.

Read More
Company modification tips Hungary – Hiring an auditor

Company modification is the official procedure through which a lawyer’s help you can change the core data of your Hungarian company with the Company Registry. One of the cases when you need this procedure is when your company is hiring an auditor.

Read More

Archives