Poland
is one of the most attractive and fast-growing countries in
Europe due to
the increasing number of new investment projects, extensive market and
political stability. Also, Poland provides investors with a competent and well
educated workforce. Production costs are low in comparison to countries in
Western Europe and the quality of goods produced here is excellent.
The
country’s position in central Europe and its statute as the sixth largest EU
member state represent a great opportunity for investors coming from abroad.
They realize this means lower trade costs and more facile import and export
procedure. The most important trade partners for Poland are Germany, Russia, China, Hungary, Ukraine, Spain, France, Italy and the UK.
Poland took the spotlight since it was the only European
country that managed to avoid the recession
and repercussions of the global economic crisis. Moreover, the country’s debt-to-GDP ratio of 57% is significantly below
average in comparison to other countries that still struggle with their public
debt.
The Polish Government is constantly trying to create
a friendly and proper climate for business and entrepreneurship in order to
attract foreign investments. One of the most important measures in this
direction was the creation and
implementation of the Polish Special Economic Zones (SEZ) project.
Basically every entrepreneur decided to start
his own company in Poland can choose one of these 14 zones where they are
given the opportunity to conduct their activities on preferential terms. They
can benefit from various Polish tax
exemptions and discounts in these specific zones.
Also, entrepreneurs should take into account the fact
that Poland
signed Double Tax Treaties with a considerable number of countries in
order to avoid double taxation of foreign investors. Therefore it would be advisable
for them to find a qualified Polish company formation
specialist that will be able to advise them regarding the procedures to
follow in order to take advantage of these treaties.
