The 100% Hungarian privately owned Kőröstej Group is Hungary’s largest cheese manufacturer, employing nearly 1,000 people and exporting its products to more than 40 countries. To remain at the forefront of the international cheese market, continuous research and innovation are essential. As we continuously carry out developments and invest in new machinery at our facilities, the return on these investments is significantly enhanced by our ability to benefit from development tax incentives with the support of RC Consulting.

To date, we have participated in six joint projects with the consulting firm at our facilities across different regions of Hungary. As a result, we have become eligible for a total of more than HUF 1 billion in tax incentives.

As a large company, it is important for us to make optimal use of the opportunities provided by the applicable legislation. For the past decade, RC Consulting has successfully supported us in continuously interpreting and applying these opportunities. Their expertise and creativity have proven particularly valuable in the development of our investment projects and in implementing our research and development initiatives, resulting in our company benefiting from significant tax incentives.

In addition, we have successfully worked with them on the preparation of transfer pricing documentation related to our cash-pooling system, as well as on the Advance Pricing Agreement (APA) procedure conducted with the Tax Authority in connection with the financing of our corporate group.

We are happy to recommend RC Consulting to anyone looking for support with similar activities.

We have been working with RC CONSULTING Kft. for several years, and their team has supported every stage of our investment projects with outstanding expertise and commitment. For Agroker Holding Zrt., a 100% Hungarian-owned company, the comprehensive tax advice provided by RC CONSULTING was particularly valuable in ensuring that our investments were fully aligned with our corporate objectives.

Our collaborative approach extended beyond a single investment project to include our future plans and growth strategy. In addition, their fast and efficient communication, together with their flexible approach, contributed significantly to the smooth implementation of our projects.

Over the past several years, the expert team at RC CONSULTING Kft. has become a valuable partner to us.

RC Consulting’s services are essential to us, as, as a machinery manufacturing subsidiary of the international Weger Group, we combine bank financing and leasing structures with tax incentives and grant opportunities to finance our investment and development projects.

RC Consulting has provided us with excellent support in this area, helping us find complex financing solutions for our capacity expansion investments in the manufacturing sector for nearly 10 years. As a result, over the past eight years our company has secured more than HUF 230 million in funding, become eligible for more than HUF 110 million in tax incentives for an environmental investment, and obtained favorable leasing financing worth more than HUF 200 million.

UTT Europe Kft., a 100% Hungarian-owned clothing wholesaler, considers the continuous development of its service and operational capacity to be a key pillar of its business.

RC Consulting has been supporting us in this area since 2017. It is a great advantage that they have gained a thorough understanding of our operations. Although we also actively monitor various grant and tax incentive opportunities, they regularly alert us when they identify a funding opportunity that is relevant to our business.

With their support, we have submitted several applications for development tax incentives, primarily relating to capacity-expanding property developments and equipment purchases, such as the installation of a conveyor system. They also provided conscientious and thorough support in preparing the documentation for our GINOP Plus application.

We have always considered long-term partnerships important, and this is another shared value between our companies that makes our cooperation easier on a day-to-day basis.

We have always been able to align well with each other’s working methods in pursuit of our common goals. They maintain a high standard of quality even when dealing with complex matters, which is why we are happy to recommend them.

RC Consulting has provided us with significant support across several of our projects, and we have been working together for many years. With the development of the OMRON Medistance system, we created a pioneering solution in the telemedicine market, and the consulting firm assisted us in establishing the financial framework for the project.

In 2013, we completed a venture capital investment of HUF 250 million, which enabled us to build up our manufacturing capacity and establish our business model on the domestic market.

Between 2015 and 2019, with RC Consulting’s grant consulting support, we secured several hundred million forints in EU funding for equipment purchases and our artificial intelligence-based research and development activities.

We are currently preparing to enter the European markets with an investment of nearly HUF 1 billion, and RC Consulting’s transaction and financial experts are once again supporting us in establishing the optimal financing structure.