Certification of the Hungarian Content
The Hungarian Export-Import Bank Plc. (hereinafter: “Eximbank”), in accordance with the Hungarian and international statutory regulations, provides medium and long-term loans with budgetary interest support (interest equalisation), while the Hungarian Export Credit Insurance Plc. (hereinafter “MEHIB”) provides export credit insurance, with a budgetary payment guarantee, to cover non-marketable risks. A certain share of Hungarian origin in the exported goods or service is a prerequisite of the budgetary support and surety.
The requirements relating to the minimum proportion of Hungarian content are regulated by the Exim Government Decree and the MEHIB Government Decree.
A) Export of goods
In any goods export at least half of the goods transported within the framework of the export deal must be of Hungarian origin. For exported goods, the Exporter certifies the Hungarian origin with the help of a certificate of origin issued by the regional office of the Hungarian Chamber of Commerce and Industry (MKIK), and the Hungarian share of origin, required in loss assessment is verified by EXIM. In the case of the export of any processed agricultural product, an application must be submitted to the customer service office of the regionally competent National Chamber of Agricultural (NAK) for the certificate of the Hungarian origin.
- Regional contact information of the Hungarian Chamber of Commerce and Industry (MKIK)
- Contact information of the National Agricultural Chamber (NAK)
B) Export of services
It is a requirement that more than fifty per cent of the employees of the Exporter (or its subcontractor in Hungary involved in the service) must be covered under the national obligatory insurance scheme. The Hungarian origin is assessed by EXIM in a review of the insurance relationship of the employees based on the EP certificate on the number of the insured, issued by the administration office of the regionally competent government agency,
C) Construction and installation contracts
Pursuant to the effective decree, at least one quarter (25%) of the value of the Exporter’s contracts for construction, installation, technological installation, design and related services provided by the Exporter must qualify as export of Hungarian origin, for which the respective certificate is issued by the head office of the Hungarian Chamber of Commerce and Industry.
EXIM entered into a co-operation agreement with the Hungarian Chamber of Commerce and Industry and with the National Chamber of Agriculture in order to provide more effective services to Exporters.
To find out more details, please read carefully theon the Procedure of Certification of Hungarian Origin, and its Legislative Framework Applicable to the Share of Hungarian Origin and Share of Foreign Origin.