Investment in Poland – what to remember
CEE region offers great opportunities for investment. Whether you are interested in opening a manufacturing plant, outsourcing some of your services or are looking for a new market, the territories in the east of Europe can offer you a lot.
Poland is the largest country in the CEE region. It has a population of over 36 million, several universities, and various special economic zones in different parts of the country. It is a throbbing heart of Europe, linking the old continent with the “new” European states. It has been an EU member since 2004 and has joined the Schengen area.
The main issue to consider when investing in Poland is the legal form of your Polish entity. Spółka z ograniczoną odpowiedzianością, corresponding to a limited liability company, is one of the more popular solutions. Another option is spółka komandytowa, or general partnership.
Are you planning to employ personnel? If so, take some time to consider various types of employment contracts present in the Polish law. You may hire staff full-time, or just to perform specific tasks.
A contract for undetermined period offers job security, healthcare and pension benefits. However, it is more expensive from the taxation point of view, both for the employer and the employee. Short-term contracts offer more flexibility, but also may make your staff feel underappreciated.
As to employees, do you know that Poland has several universities and a large part of its population was, is, or intends to be a student? The country offers a large pool of professionals. What is more, personnel costs and wages are competitive in comparison with the west of Europe. The minimum monthly salary from January 2017 is 2,000 PLN (after tax), currently an equivalent of around 450 euro.
If you intend to break new ground in your field of activity, Poland may be a good choice. Polish government is keen to boost innovativeness in Poland and has recently introduced many changes in regulations and incentives for entrepreneurs investing in research and development.
To learn more about investing in Poland, visit www.paiz.gov.pl, a web portal of the Polish Information and Foreign Investment Agency.
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