August 31, 2011, 6:32 pm
Poland is regarded as a proper destination for business expansion and foreign investment, being considered the eighth European state in terms of attractiveness. Besides, Poland has competitive labour costs, considerable size of the market, industrial diversity and possibilities for the development of new economic entities. As a consequence, the number of new investment projects is constantly growing, especially in the automotive, R&D, electronic and chemical sectors. Nevertheless, Poland attracts numerous tourists due to its landscape, history and cultural heritage.
Being the sixth most populated country in the European Union, Poland has 38 million consumers, registering one of the biggest markets in Europe. Furthermore, the country has a favourable position on the map, in the centre of Europe, making it possible to export goods to all European countries and thus reach over 500 million consumers. Poland’s major trade partners are Germany, Russia, China, France, the United Kingdom, Italy, Hungary, Ukraine and Spain.
Well-educated Polish economists, engineers, IT specialists and scientists form the appreciated and highly skilled labour force of Poland. The estimated work force in Poland is 17 million people, with more than half of them being employed in the services sector. It is important to mention that Poland has almost 500 academic centres.
Special Economic Zones
Foreign investors have the opportunity to choose between 14 Special Economic Zones for the location of their company. Each zone is a separate part of Polish territory, where businesses can be run on preferential terms. A business set up in a Special Economic Zone has the assurance of tax benefits. Moreover, the new investments have a significant impact on the economic development of the Polish regions, in the decrease of unemployment and the increase in the competitiveness of Polish economy.
Polish Special Economic Zones offer attractive tax exemptions, employment incentives and well-prepared investment lots. In addition to that, Poland has a corporate tax rate of 19%, being among the most inexpensive tax rates in Europe. There are also financial grants that can be offered by the Polish government in certain cases and it is possible to obtain a local tax exemption if some requirements are met.
BridgeWest offers assistance for setting up a company in Poland, including virtual office and other related services.Tweet
BridgeWest provides company formation in Poland. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Poland); The Articles of Association can be si ... [More]