By Ron Atkinson. 11th September 2014
Poland has become one of the crown jewels of the rapidly expanding global economy. When done correctly, taking advantage of the opportunity to register a company in Poland can create a host of exciting possibilities for business executives and entrepreneurs. Influential lawmakers worked swiftly to transform Poland into a market based economy following the end of communist rule in 1989. In a burst of economic energy, the Polish economy was streamlined and tax incentives were enacted to welcome foreign investment and company formation Poland.
Company Formation Poland
International business leaders can now take full advantage of the guidance and resources that have made it easier than ever to register a company in Poland. Doing business in Poland is an ideal way to access thriving markets and reduce operation costs. Poland is a popular emerging economy with low labor costs and the largest consumer market in Central Europe. Unlike the leading industrial economies, Poland continues to enjoy sustained foreign investment and economic growth.
Incorporating a business in Poland can take one of four basic forms. Foreign investors can form a limited liability company, joint stock company, partnership or sole proprietor business. The Polish workforce is well educated and English is widely spoken. Moreover, As a member of the European Union, Poland is obligated to honor a wide range of accepted economic and political practices.
Strategically Located
Poland’s geographic location in the heart of Central Europe is ideal for promoting and sustaining vigorous economic growth for many years to come. Its proximity to a number of major European population centers makes Poland ideal for accessing European consumer markets and expanding business enterprises. Foreign companies can take full advantage of the modern Polish infrastructure, including financial, transportation, shipping and communication services.
In spite of its tragic past, the Polish capital city of Warsaw has developed into a thriving economic center. The Polish currency is strong, and numerous tax incentives have been established to attract business ownership and investment. To this end, Polish lawmakers have enacted legislation to encourage investment from abroad.
Polish law now allows business ownership, management and investment by foreign parties, and authorizes full compensation in the unlikely event of expropriation. The government has also authorized a number of tax incentives, including tax breaks for companies that invest in high unemployment areas.
Tax Holidays
Working with an experienced consultant that thoroughly understands Polish law and the tax incentives that are available to foreign investors is highly recommended. Cooperating fully with the procedures established by the Polish Ministry of Finance and local officials is a vital part of registering a foreign owned company. As with any business, establishing effective incentives and efficient methods is the key to success.
Polish workers are more educated and possess more skills than in other emerging economies. The average worker is quite literate and probably received some level of vocational training prior to entering the Polish workforce. Polish workers are also accustomed to working for expatriate managers. Taking the time to build relationships with Polish officials and workers will prove to be an invaluable asset to any foreign owned business. Careful planning and learning the cultural ropes is an investment that is bound to reap future dividends.
It’s not a secret anymore. Poland is the latest land of opportunity for international investors. The Polish economy is a proven consumer market with low wages and attractive tax rates. When it comes to foreign expansion, minimizing risk is the touchstone of financial success. Now is the time to benefit from the expertise of a business registration consultant to expand your business in Poland and Central Europe.