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The Bill is under review of Hungarian Parliament

A bill that would introduce the concept of a regulated investment company (RIC) was presented to the Hungarian Parliament on 14 June 2011. 

If approved, the bill would pave the way for Hungary to become a center for financial services in the Central and Eastern European region. 

According to the bill, a RIC (a special status company) would be exempt from corporate income tax and the local business tax and would be subject to a lower rate of property acquisitions tax.