Guide to doing business in Poland
Poland is the largest country in Central–Eastern Europe and one of the fastest–growing economies in the European Union. Household consumption, fuelled by expected increases in budgetary expenditures and rising wages, continues to grow.
and Investment Potential
Healthy public finances and long–term reliability. Poland was the only country in the EU which avoided recession in 2007-2009 and public finances are in much better shape than the European Union average.
Political stability and international relations
Poland belongs to the European Union, NATO, the World Trade Organization, the Organization for Economic Cooperation and Development and many more international organizations.
Poland is considered to be one of the most economically stable and fastest developing countries in the world.
According to the International Monetary Fund, since 1981, the GDP per capita in Poland has increased more than nine-fold.
A business-friendly environment
A high score in the Ease of doing business index means the regulatory environment in Poland is more conducive to the starting and running of a local firm.
Companies investing anywhere in the country can count on generous exemptions from corporate income tax. The decision to grant such an exemption is taken after meeting certain criteria, with the period of exemption from being usually from 10 to 15 years, and is the longest income tax exemption period available for companies in the entire CEE region.
Support from the European Union
Poland has been a member of the European Union since 2004, with EU membership providing one of the most important guarantees of stability across the legal and administrative spheres. The foundation of the Polish economy is the single market, free trade and the free movement of citizens and the common agricultural policy.
Poland is the largest beneficiary of EU financial programmes. A large part of these funds goes to companies that are working to increase the innovation of our economy.
Poland – the heart of Europe
Poland’s convenient location, in the very centre of Europe, makes the country a perfect investment destination for enterprises targeting both Western and Eastern part of the continent. From Warsaw it takes only several hours either by car, train or plain to reach a number of Europe’s major capital cities.
Transport investments are possible largely thanks to the cooperation between national roads’ directorates and local governments of the neighbouring countries and with a substantial help of funds and subsidies from the EU. Communication hubs have become centres where various types of means of transport interlace. Development of the country’s road infrastructure is one of the Polish administration’s priorities.
One of the elements that undoubtedly highlights the convenience of the country’s geographical position and benefits resulting from the location is the access to the Baltic Sea. Poland has four major ports which are located in Gdańsk, Gdynia, Świnoujście and Szczecin as well as several local ports supporting the freight reloading processes.
Central Transport Hub
for the Republic of Poland
Solidarity Transport Hub Poland is a planned transfer hub between Warsaw and Łódź, which will integrate air, rail and road transport. The development envisages the construction of Solidarity Airport located 37 km west of Warsaw and covering the space of 3,000 ha. During the first stage, the airport will handle 45 million passengers a year. STH will include railway investments: railway nod in the airport’s close vicinity as well as connections within Poland enabling transfer between Warsaw and the largest Polish cities in less than 2.5 hours.
The Polish R&D sector is growing every year, attracting global investors such as Google or Microsoft, mainly due to local highly-developed specialist personnel. 44% of young adults in Poland received higher education with Poland being coming 14th place the Pearson report on EU education levels.
What makes the Polish higher-education system stand out is the large number of students majoring in STEM faculties (Science, technology, engineering and mathematics).
students studying engineering
students studying subjects related to economics
foreign students studying in Poland
Large Domestic Market
Poland is the sixth largest economy in Europe and the largest in the CEE region – the country’s nominal GDP in 2019 was EUR 527 billion. The population of Poland of approx. 38 million, accounting for about one quarter of the 150 million citizens in the CEE region. Poland’s significant domestic market fuelled by the rapidly growing purchasing power presents a superb opportunity for foreign investors from a variety of sectors. Increase in internal demand and consumption is one of many factors which have safeguarded Poland against the severe consequences of economic slowdown, which other member states have faced in recent years.
Expertise in Many Sectors of Industry
A wide range of manufacturing, service and agricultural companies attracts investors from various sectors such as automotive, aviation, food processing electronics and finance.
Business Services Sector
There are 95 Fortune Global 500 investors in the Polish Business Services Sector.
Poland is the sixth-largest producer of automotive vehicles in Europe.
FCA, Volkswagen, Opel, Toyota and Daimler all have production plants in Poland.
Renewable Energy Sector
Development of the renewable energy sector is one of the priorities for the Polish government. Photovoltaics (PV) is one of the fastest growing segments of the renewable energy sector in Poland.
The Polish gamedev, i.e. the gaming industry, consists of over 440 companies employing a total of 9,700 people.
The most important Polish companies in the industry include production studios such as: CD Projekt Red, Techland, CI Games, 11 bit studios, PlayWay, Ten Square Games, Farm 51, Vivid Games and Bloober Team.
Poland boasts a 100-year history of aviation, and over 80 years of aerospace industry tradition. Currently, the Polish aerospace industry has a rich export offer of advanced aviation products. Almost every passenger aircraft in the world features at least one component that has been produced in Poland.
Economic response to Covid19
The devastation caused by the global COVID-19 pandemic has led to a global economic crisis and the collapse of the global supply chain. However, the predictions for the Polish economy are optimistic, with the shallowest recession across the entire EU. According to FDI Markets analysts, 165 new investments were made in Poland in the first four months of 2020 – up by 15 % from the same period last year.
Polish GDP is estimated to grow by 2.9% in 2021 and 3.8% in 2022.