Hungary, located in the Central European region shares its borders with seven other countries, i.e., Ukraine, Austria, Serbia, Croatia, Slovenia, Romania and Slovakia. The main driver of its economic growth can be attributed to industries such as Agriculture, Automobile, Electronics, Construction, Mining and Textile among others. It has signed bilateral tax treaties with 92 countries such as India, Germany, USA, Japan, Singapore, the United Kingdom, etc. in order to avoid Double Taxation. It is a member of the European Union (EU), North Atlantic Treaty Organisation (NATO) and Organisation for Security and Co-operation in Europe (OSCE). Following are the benefits of company formation in Hungary: