Ecosystem map 188 –
Fintech Ecosystem Growth: The Hungarian fintech sector has shown robust growth, mainly in B2B services, with less than 10% in B2C. The focus areas include data analysis, business intelligence, financial software development, systems integration, and payment services. The MNB’s report on Fintech and Digitalisation indicates an increasing number of employees, customers, and turnover in this […]
Ecosystem map 189 –
Hungary has a flourishing fintech scene with around 120 players, most of them early-stage companies. In 2018, the Hungarian National Bank (MNB), launched its Innovation Hub to guide innovators in developing new products and its Regulatory Sandbox to support the market entry of fintech solutions.
Ecosystem map 190 –
– Development Tax Allowances – In specific regions of the country, corporate tax may be reduced by 10%, 30% or 50% of the value of certain types of investments (up to 80% of the annual corporate tax base). – Tax incentives for small and medium-sized companies. Immediate tax deduction may be available for the purchase […]
Ecosystem map 191 –
There is a wide range of tax allowances for new investments and R&D. Hungary provides tax exemption on holding structures, capital gains on shares and intellectual property under certain conditions are tax free, and a 50% tax allowance is applicable on royalty incomes. There is no withholding tax on dividends, interest and royalty paid by […]
