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Europe’s Rising Economic Powerhouse – Your Premier Destination for Foreign Investment Opportunities
Today Poland is one of the fastest growing economies in the European Union (EU) thanks to its business-friendly environment and foreign direct investment (FDI) policy. As a popular destination for foreign investment in Europe, Poland is located at the crossroads of Eastern and Western Europe.
Poland is centrally located in Europe, bordering Germany, the Czech Republic, Slovakia, Ukraine, Belarus, and Lithuania. Poland also has four major Baltic Sea ports for importing and exporting goods.
Poland has a well-developed international transport network, with several international highways running the length of the country. 90% of all Central European trains pass through or arrive in Poland, making it a major economic and transportation hub in Central and Eastern Europe.
Favorable Economic Diversity and Low Costs Attract Foreign Investment in Post-Pandemic Era
Even though the global economy was affected by the 2020 pandemic, it did not destroy the Poland economy. The recession in the country was much lower than in other major European countries, at -2.5 per cent. This is due to Poland’s diversified economy. In addition, Poland’s university graduates have foreign language skills, and labour costs are only 40% of what they are in developed Western European countries.
Poland provides a favourable investment environment for foreign investors, thanks to policies that provide income tax relief and the ability to apply for Polish government grants or European Structural and Investment Funds support under certain conditions. Furthermore, there are no restrictions on shareholding for foreigners registering a company in Poland, nor are there any restrictions on the nationality of shareholders or directors, which greatly increases foreigners’ willingness to register a Polish company in a welcoming business environment.
Poland has a large domestic market and is one of the most populous countries in Central and Eastern Europe. Domestic consumption has been a key driver of growth in Poland in recent years, and setting up a company in Poland is one of the most attractive options for entrepreneurs wishing to enter the European single market.
Company Registration in Poland
The above competitive advantages make Poland an ideal choice for investing in Europe, which is why the country ranks first in terms of the number of investment projects in Central and Eastern European countries.
The steps to register a company in Poland are relatively simple:
- Preparation of Articles of Association and other important documents
- Appointment of company directors
- Deposit of share capital (minimum 5000 PLN)
- Registering the company
- Open a bank account
- Apply for the necessary business licences and start business
The registration fee is 350 PLN, or approximately 2 RMB, in addition to translation fees, stamp duty, and other applicable taxes. Overall, the cost of registering a business in Poland is still low.
There are several types of companies that can be registered in Poland. If you don’t have a specific use for it, most foreigners will choose to register an LLC (Limited Liability Company).
Overall, Poland stands out as an ideal choice for a European investment, not only for its favourable business environment and FDI policy, but also for its well-established international transport network and diversified economy. The Polish economy has shown relative resilience, even in the face of the global pandemic.
Simple, Affordable Incorporation with 3E Accounting for Global Business Success
Foreign investors are further attracted by the relatively simple and inexpensive process of registering a company in Poland. Whether you are looking for new market opportunities or wish to expand your business in Europe, Poland offers a wealth of possibilities. Feel free to contact 3E Accounting for more details, as a trusted partner in your first steps to success in the international business arena. Contact 3E Accounting.
