Opening your own business or moving an existing one to Europe is a dream of many immigrants. Every year the number of those wishing to do so only increases.
In 2018, leading economists of the European Union recognized Poland as a country with a developed market. That is, it was included in the list of countries with an economy of the “developed markets” type. This list includes only 25 countries, including the United States, Japan and Austria.
What attracts investors to invest their money in the Polish economy? What are the advantages of doing business in this country?
- A foreign citizen can register his business in Poland under the same conditions as a local resident. Running a business gives the owner of the company and his family the right to obtain a temporary residence permit in Poland. This means that a foreign entrepreneur and his family will have access to free medical care and a good education.
- Low financial threshold for entering the market. When registering a company in Poland, the authorized capital is only 5,000 zlotys. In addition, the money does not have to be deposited into the company's account, it can be transferred to assets.
- Assets are kept in reliable European banks. And this is stable. During the time that Poland has been a part of the European Union, only 1 bank has been closed. At the same time, all clients received compensation.
- Low tax rates.
- The country's financial performance is good.
- The tax office warns the entrepreneur about inspections 7 days in advance.
- The Polish government encourages foreign investment in the country's economy. Entrepreneurs are provided with tax breaks, grants are issued from both the Polish budget and the European Union, and access to special economic zones is opened.
- The future businessman will become a full-fledged participant in the European market. The company will be able to legally operate in other EU countries. The country's geographical location and the opportunity to work in Germany, the Scandinavian countries, and the Baltics will help the future business.
- Cheap labor market compared to Germany, Austria, etc. In addition, small business representatives will not need to buy real estate and pay taxes on it. Although the mortgage interest rate in Poland is low and a foreign citizen can take out a loan for real estate.
- The list of advantages is completed by the country’s reliable social policy.
