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A new player on the Polish banking scene

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Polish consumers will now have a greater choice when it comes to finding a banking services provider. A new bank is going to launch its operations in Poland. It is Inbank from Estonia.   The bank was created in 2015 by Estonian professionals with much experience in the banking sector, Priit Põldoja and Jan Andresoo, and is currently present in several European countries. Apart from Estonia, it operates in Latvia, Germany and Austria. Polish branch of Inbank will open in the first quarter Read more

Company Income Tax in Poland

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Company Income Tax in Poland is paid by legal persons as well as organisational units without legal personality, limited joint-stock partnerships and tax capital groups. The levy applies to the taxpayers who have their seat (registered office) in the territory of the Republic of Poland. This means CIT applies to limited liability companies and joint-stock companies registered in Poland.   There are some entities that are exempt from the obligation to pay company income tax. These are the Read more

Poland breaks records on the energy market

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On the morning of 3rd of January, Poland broke a record of hourly net energy export, and several hours later another record of energy production from wind. For the first time, wind farms supplied over 5000 MW of energy to the consumers, which is 34 percent of the total energy demand in Poland.   Strong low pressure area over the Baltic Sea, called Alex, created the strongest Baltic storm in 15-20 years. Alex contributed to generating a lot of energy on the wind farms of Northern Europe. B Read more

Choosing the location for your new investment

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Selecting the perfect location for a company or a manufacturing plant may be a challenging task. There are many things to consider when choosing a business destination. Different locations offer various conditions of running business and come with specific legal and entrepreneurial environment.   First and foremost: taxes. Every country, region, or even city may have their own incentives for attracting investment. The most important thing to consider is the rate of the corporation tax cha Read more

Basic fees for bank accounts in Poland

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In the twentieth-first century, having a bank account is a must for any entrepreneur. No one will take you seriously if you operate only in cash and cannot provide a bank account number to your clients, suppliers, or public authorities. Good banking relationship will make life easier for you. However, when choosing a bank make sure to check what bank fees and charges you will be obliged to pay.   There are several things to bear in mind when choosing a bank. Offer for small business is us Read more

Poland: top outsourcing destination in Europe

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Move over, Bangalore. Poland is the new top-spot for outsourcing. The country is already a leader in providing business services to foreign entrepreneurs, with numerous BPO centres in several Polish cities. According to the Global Trade Forecast prepared by HSBC, the services market in the country by the Vistula river is going to grow even further. In the next 15 years, it is expected to be expanding at the rate of 7% a year.   Outsourcing is paying other companies do the work you do not Read more
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