Why invest in Budapest?
- Corporation tax of 9% creates an investment-friendly business environment
- Strategic location and distributional point for multinational companies
- Real estate prices compared to other European capitals are still low.
Total population: 1,779,361
Boroughs: 23 Districts
Time zone: UTC+1 (CET)
Official language: Hungarian
In 2019 Budapest was voted the „Best European destination” by EBD the most prominent Brussels based tourism organization.
„The city setting is stunning with a rich architectural and historical heritage: it offers an unmatched combination of culture, blooming gastronomy and the advantages of thermal waters and world heritage sights. The „pearl of the Danube” is not only the best European destination, but it is also one of the most beautiful and safest cities in the world. Budapest offers the elegance of Paris, the architectural heritage of Vienna, the charm of Porto, Stockholm’s gentle way of life.” /source EBD/
In 2018 nearly six million international visitors spent an average of five nights in Budapest, spending a total of almost three billion US dollars or USD 103 per person per day on average.
The city has a gross metropolitan product more than $100 billion, making it one of the largest regional economies in the European Union.
According to the Eurostat GDP per capita in purchasing power parity is 147% of the EU average in Budapest. Budapest is also among the Top100 GDP performing cities in the world, measured by PricewaterhouseCoopers.
There is a high demand for work in technology, telecommunications, and IT. Other popular jobs include accounting, auditing, and project management.
Many expats find jobs through their current jobs at their home countries, which happen to have a branch in Hungary
Budapest is home to more than 35 higher education institutions (three of them also appear in the QS World University Ranking) and strong in the fields of arts, entertainment, fashion, education, finance, and sport.
The city offers many opportunities for international students not only to study in English but in other popular languages too.