Investing in foreign lands is a big step and a matter involving ample risk. An accurate judgment and precise calculation are needed to conclude which venture can be one’s magnet to profits. So, let’s have a look at how magnetic, investments in Hungary, turn out to be.
Situated in the heart of Central Europe, Hungary offers a booming market with balanced trade relations with both Western and Eastern Europe. Hungary’s ideal geographical location is a blessing for investors. The barriers to entry are thoroughly low, and the investors can expect exceptional returns for their stake. Further, the commitment of the government provides an added advantage for investors to flourish. Subsidies, tax-incentives, low cost of borrowing are some of the benefits that an individual enjoys as an investor. Another competitive advantage of Hungary is its massive and modern infrastructure, together with its leading industrial competencies. Besides, the workforce of Hungary is educated, highly competitive and efficient to fulfill the needs of any business. The easy availability and inexpensive labor costs are two good traits of Hungary’s workforce. This was about the comfort and eases that investors encounter in the business world of Hungary.
In any case, the comfort provided by Hungary in the investing scenario is way too tempting for any investor to resist. But now let’s divert eyes to the blooming economic sectors, which are doing considerably well in the trade community of Hungary.
REAL ESTATE AND PROPERTY INVESTMENT
Hungary is home to a magnificent history, sensational culture as well as glamorous scenic beauty, which has made tourism a constantly growing prosperous sector. Medical tourism is also swelling in the country. As a result, investing in hotels, spas, restaurants and office spaces may yield higher returns. Apart from this, Hungary owns some of the world’s prominent universities which have further created a demand for hostels and apartments.
Hungary boasts one of the fastest-growing agriculture sectors in entire Europe. The country exports to nearly 100 countries. It is estimated that Hungary’s food production, along with domestic demand is to expand by 20% in the next five years. Despite its great quality soil, favorable climate, and excellent irrigation facilities, Hungary is not able to make thorough use of its natural resources. Now is a great opportunity to explore and invest in the fruitful sector of agriculture.
ELECTRONICS & ICT
Being the largest electronics producer in central Europe, electronics is among the significant industrial sectors of Hungary. With export ratio as high as 93.5%, the electronics industry constitutes around 28% of the country’s total exports. There are immense opportunities for investment in the industry of electronics. Information and Communication Technology has also groomed as an industry and contributes nearly 12% to the nation’s GDP. Most of these services are outsourced and provide attractive investment opportunities.
For a foreign investor, franchises are, undoubtedly, the best options to invest in. The risk does exist but is relatively low. One is provided with an already established brand as well as the customer base and enjoys the previously existing goodwill. The burden of commencing everything from scratch is not present when undertaking a franchise. These franchises may range from restaurants to beauty salons, and it depends on the investor which venture he chooses for his success.
RESEARCH AND DEVELOPMENT
Hungary is known for many of its clever inventions. Innovation has always been a priority of the nation and keeping that in mind several investment projects have been launched by the government. The research and development may range from the area of Economics to Science to even understanding human behavior. Substantial results are also visible in the fields of physics, medicine, biology, ICT, engineering and many others. Almost every known brand or company possesses a separate department of research and development to excel in their respective sectors. A strong collaboration between academia and industry has made this sector the one where investors are willing to put their money.
These were some of the prospering sectors of Hungarian economy which have attracted investors with their distinct features. There are several additional advantages of Hungary’s growth driven and investor-friendly economy which the country has saved for its citizens. Hungary passport requirements are not much complicated rather anyone can gain his/her Hungarian citizenship by investment. Therefore, invest in this land of opportunities and experience the change. https://www.eupassport.in/blog/hungary-citizenship-programme