Poland has been a member of the European Union since 2004 and is one of the best scenarios for establishing an onshore business in the European setting. By establishing a company in Poland, it is possible to benefit from reduced taxation and a convenient location (in the heart of Europe), and of optimising margins through one of Central Europe's largest markets based on a low cost of labour.
Poland offers a wide range of financial incentives for foreign investors intending to set up in the country, including loans of up to 50% of set-up expenses in some special zones and incentives envisaged by European Union programmes.
The following types of company can be established in Poland:
|Average start-up times||5-10 days|
|Availability of pre-established (ready-made) companies||Yes|
The basic tax rate is 19% of the taxable amount. Income from Polish investment funds (including funds invested in real estate) is tax-exempt. Companies operating in the Special Economic Zones (ZES) benefit from tax relief, ranging from 30 to 50%.
|Published information about the company's directors||
The names of directors and shareholders appear in the Public Register.
|Legislation and controls||
The Polish Business Register (Krajowy Rejestr Sądowy - National Court Register) is managed by the Polish Ministry of Justice.
In Poland, business activity is regulated by the Code of Commercial Companies (15/09/2000, amended on 15/01/2004) and the Law on Freedom of Economic Activity of 02/07/2004.
|Confidentiality||Bearer shares are not permitted|
|Risk indicators||Average political risk: 27%