While choosing a destination for opening a business abroad, it is necessary to take notice of numerous decision-making factors. Here it is important not to underappreciate the role of a target country’s approach towards entrepreneurs, and in particular foreign investments. It can be seen watching the country’s policy, available subsidies or grants as well as other forms of business support which really make the difference for the entrepreneurs on their day-to-day activities. Moreover, given that Poland is one of the EU member states, you can get access to additional EU funding or grants.

To start with, Poland has been demonstrating an increasingly pro-business approach over the last years, attracting the attention of the entire business world. What are the main economic incentives for starting a company in Poland? Let us now take a look at a general overview of the support forms offered both by Poland and the EU.

§governmental grants and subsidies: the Polish government regularly offers various programs to attract foreign investors with particular regard to R&D undertakings. Currently, one of them is the Programme for supporting investments of major importance to the Polish economy for the years 2011-2030. Under this project you could gain financing for the eligible costs of creating new jobs and eligible costs of investments. To know more about the state-aid programs, go to – https://www.paih.gov.pl/en/why_poland/investment_incentives/governmental_grants/

§EU funding programs: generally available for any size of enterprise in any sector including entrepreneurs, start-ups, micro companies, small and medium-sized enterprises, and larger businesses. However, most of the programs are now intended for SMEs (micro, small and medium-sized enterprises). To learn more about how SMEs can be supported be the Union, visit à https://commission.europa.eu/funding-tenders/how-apply/eligibility-who-can-get-funding/funding-opportunities-small-businesses_en

Additionally, other forms of support are offered by the country, including:

real estate tax exemption: numerous municipalities in Poland have established exemption from local taxes and charges for land and buildings to ensure a more dynamic development of businesses in their areas.

Polish Investment Zone: an instrument of state-aid introduced in 2018 to support new investments. It aims at replacing a previous statutory program, that is the Special Economic Zones (SEZ). The new project assumes that now companies run, as a rule, throughout the whole country can benefit from a PIT/CIT tax relief (not only in the areas covered by SEZs). What businesses are then eligible for the program?

– all companies of traditional industries (with a list of exceptions, including enterprises producing, i.e.: explosives, alcohol, tobacco products as well as steel industry or transportation sector),

– selected enterprises from modern services sectors, such as IT, R&D of natural sciences and engineering and others.

In addition, in order to be granted the tax relief, the companies need to fulfil certain quantitative and qualitative criteria. The first category concerns thresholds related to local unemployment rate and size of the enterprise, whereas the other is based on several areas of progress, namely structural, scientific, human resources and sustainable development. For more details on the criteria and the entire program, go to https://www.paih.gov.pl/en/why_poland/investment_incentives/polish_investment_zone/

  • preferential CIT tax for a new limited liability company amounting to 9% in the first tax year
  • a reduced 9% rate can also be used by small taxpayers who do not exceed the established revenue and sales limits (in simplified terms – EUR 2 million)

NOTE: the 9% rate can be applied if the company fulfils other statutory requirements

  • regularly organized workshops: some of the agencies, such as the Polish Investment and Trade Agency (PAIH) holds workshops aimed at foreign investors with little experience in doing business in Poland offering them practical information related to their daily business activity. Also, you may receive basic legal assistance, industry analysis or even advice on the investment potential of a given location. For more details, go to https://pfr.pl/en/offer.html?need=Doradztwo-i-szkolenia.
  • clear information packages in English guiding you step by step through the entire process of setting up a business activity.

If you are interested in learning more about the forms of support for starting a company in Poland, feel free contact us and we will be happy to answer your questions. 

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