International companies in Poland [Polish business]

International companies in Poland

August 19, 2016
Deputy Consul General of

Poland is one of the most dynamic and fast-growing markets in Europe due to the increasing number of new investment projects. As a member of the EU it offers entrepreneurs the opportunity of an easy access to the worlds’ biggest free market area. Furthermore it provides foreign investors with competitive labor costs, a considerable size of the market, industrial diversity and real possibilities for the development of new economic entities

Extended market

As the sixth most populated country in the European Union, Poland provides investors with a 38 million consumers market, one of the biggest in Europe. It is also placed in the center of Europe which not only facilitates the import and export activities but also lowers transportation costs of the goods. Due to its privileged position on the continent, investors who choose Poland can easily reach over 500 million consumers. Poland’s major trade partners are Germany, France, the United Kingdom, Italy, Hungary, Ukraine, Spain, Russia, and China.

Special Economic Zones

The Polish Government realized that new investments will have a significant impact on the economic development of the country, in the decrease of unemployment and the increase in the competitiveness of Polish economy, and therefore created the Polish Special Economic Zones. There are 14 special zones that provide investors with the opportunity of running their business of preferential terms and also the assurance of tax benefits.

Polish Special Economic Zones offer attractive tax exemptions, employment incentives and well-prepared investment lots. Moreover, the corporate tax rate in Poland is of 19%, among the lowest in Europe. In some cases, if companies meet certain requirements it is also possible to receive financial grants from the Polish Government and local tax exemption.

Workforce

The estimated work force in Poland is 17 million people and more than half are employed in the services sector. The country provides investors with a well-educated and highly skilled employment market, especially economists, engineers, IT specialists and scientists. Poland has almost 500 academic centers.

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