Essential tools for doing business around the world. Nov 27, 2019 the polish information and foreign investment agency in english covers a wide range of economic and business areas, including information on doing business in poland, economic statistics, trends. The academic research for the report was done jointly with professors oliver hart and andrei shleifer. The rank of poland deteriorated to 40 in 2019 from 33 in 2018. Training for reform, a world bank group flagship publication, is the 16th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. The surveys took place from 1st to 10th november 20 and 7th to 9th may 2014. Guide to doing business in poland po proofie final as. Top 10 challenges of doing business in poland tmf group. Let us meet at the heart of europe doing business in poland. Poland s ranking in the world banks ease of doing business index was number 32, lower is better in 2015. This guide will cover key aspects of doing business and investing in poland.
Poland is ranked 40 among 190 economies in the ease of doing business, according to the latest world bank annual ratings. Highly qualified labour force, membership in the eu, entrepreneurial spirit and openness make poland a perfect choice for business opportunities from around the globe. Economies are ranked on their ease of doing business. A business meeting should begin and end with a brisk handshake accompanied by an appropriate greeting and the exchanging of business cards. Ease of doing business in the territory the ease of doing business index is an index created by the world bank.
Whether your plans simply involve setting up a small office in poland or a larger entity to perform production activity, you will require professional support. Legal forms of doing business in poland 20 20 2014 3 sole proprietorship 1. The doing business in poland guide will help uk businesses to take a look at this. The investors who consider executing business projects in poland may apply for a state aid. Wideranging reforms in economic regulation have been implemented since the adoption of eu legislation, and there is now considerably less government intervention in. Legal forms of doing business in poland 20 202014 3 sole proprietorship 1.
This page includes a chart with historical data for ease of. Poland is the largest country of the newer european union eu member states and in recent years has been one of. The lex mundi guides to doing business series offers valuable, informationpacked resources prepared by our premier member firms that provide an indepth look at business, economic, political and cultural trends in. Poland has also been ranked by bloomberg as the best country for doing business in the central and eastern european cee region. Poland is not only attractive due to its geographical and political features but also due to its positive attitude toward new potential investors. Poland has also emerged as a favorable location for business processing centers including call centers, backoffice operations and research centers. From 1 december 2014 the statistical number regon, tax identification number nip, as well as registration with the social security office zus are assigned. Portugal is ranked 39 among 190 economies in the ease of doing business, according to the latest world bank annual ratings. Ease of doing business in poland 20082019 data 2020. In 2014, poland also made complying with tax obligations easier for companies 18 source.
Pdf on sep 1, 2014, krzysztof wach and others published selected aspects of doing business in poland 14. Abstract this economy profile presents the doing business indicators for poland. The ease of doing business index is an index created by simeon djankov, an economist at the central and eastern europe sector of the world bank group. Poland is situated in the heart of central europe and is the 9 th largest country on the continent and the 70 th in the world. Wideranging reforms in economic regulation have been implemented since the adoption of eu legislation, and there is now considerably less government intervention in the private sector. In 2014 2020, poland is the biggest beneficiary of the eu funds eur 105. The republic of poland has been a member state of the european union since 2004 usd 12,and is a country located at the geographical heart of europe. The second round of eu funding for the years 2014 2020 will reportedly be used. In 2014 doing business covered regulations measured from june 2012 through may 20 in 189 economies.
If your product or service is successful in the uk, there is a good chance you will be successful in poland. Its main objective is to provide entrepreneurs with basic knowledge about poland, its economy, potential opportunities and to. Doing business in poland 20152 99% of all economic. Poland market overviewpoland market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. A collection providing useful information for those who wish to do business in poland german version size. Doing business in poland 165 agriculture agriculture continues to be a significant sector of the polish economy. The global business community is facing a new turkey, new in the sense that the country has been undergoing a structural transformation for the last 3 decades. Enjoy the benefits of a stable politicaleconomic situation the credit of sustainable development in poland has always gone to its solid economic foundation. Economies are ranked on their ease of doing business, from 1190. List of subsidiaries as of may 16, 2014 state or jurisdiction of subsidiary incorporation actel, llc delaware. Ease of doing business in poland region oecd high income income category high income population 37,978,548 city covered warsaw 40 db rank db score 76.
Legal forms of doing business in poland 20 2014 make a. The lex mundi guides to doing business series offers valuable, informationpacked resources prepared by our premier member firms that provide an in depth look at business, economic, political and cultural trends in more than 100 jurisdictions around the world. The pkf doing business in poland publication provides an overview of the most important aspects of doing business in poland and we trust it will be both informative and useful. Doing businessdatabase 19 payments 7 payments 260 270 280 290 300 2012. Does the agency in charge of immovable property registration agency formally. Dec 03, 2014 doing business in poland this brochure provides a general information on the polish business environment and the polish tax and legal system. Singapore is the first economy of the global ranking followed by hong kong sar, new zealand, the united states, denmark, malaysia, south korea, georgia, norway, and the united kingdom.
Foreign investors are attracted to do business in poland by the young and. Washington, october 31, 2018 economies in sub saharan africa set a new record for a third consecutive year, carrying out 107 reforms in the past year to improve the ease of doing business for domestic small and medium enterprises, says the world bank groups doing business 2019. A collection providing useful information for those who. An early example of this diversification is the recent rise of. Ease of doing business in portugal 20082019 data 2020. Doing business in poland british polish chamber of commerce.
In a series of annual reports, doing business assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. According to paiiiz polish information and foreign investment agency, in 2014 the average hourly labor costs were estimated at eur 24. Poland is the main beneficiary of these funds, receiving 68. Doing business in poland guide by doing business guides. Doing business 2015 is the 12th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. The country commercial guide ccg presents a comprehensive look at polands commercial environment using economic, political, and market analysis market overview market challenges market opportunities market entry strategy. Polands growth was in part due to the sizable resources from the eu structural and cohesion funds. Higher rankings a low numerical value indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
Doing business in poland, 2015 linkedin slideshare. National statistical office, yearbook of international trade in 2010 poland imported goods worth eur 4. This is confirmed by the world bank group in the doing business 2017 report, in which poland was classified at the 24. An early example of this diversification is the recent rise of food exports to africa after russias embargo in 2014. Doing business in poland guide by doing business guides issuu. According to the world banks doing business report 2014, the country ranked ten places higher than 20, moving up to 45th position, in terms of ease with doing business. The rankings are determined by sorting the aggregate scores formerly called distance to frontier on 10 topics, each consisting of several indicators. Training for reform report, released today the latest reforms were a significant increase over the 83. The most significant investment incentives in a form. There has been widespread economic reform and deregulation, along with 14 special economic zone sez locations, offering aid and exemptions that make business in poland as.
We hope that this presentation helps you make decisions on doing business with and in poland. General overview a sole proprietor is an individual who conducts business activity in hisher own name and on hisher own behalf. Pdf downloadeflipbook please see the website for more details. Doing business in poland whether your plans simply involve setting up a small office in poland or a larger entity to perform production activity, you will require professional support polish legal, tax and accounting requirements, including all sorts of formalities and compliance obligations. It also incorporates measures of regulatory quality in the. Through close collaboration, our member firms are able to offer their clients preferred access to more.
Doing business in poland this brochure provides a general information on the polish business environment and the polish tax and legal system. At the beginning of 2014 polish farmers were substantially impacted, as general exports to russia dropped by 14%3 with apple supplies slumping by ca. Doing business presents quantitative indicators on business regulations and the protection of property rights that. Poland is once again the largest recipient of eu structural and cohesion funds, with 72. Selected reference projects 2014 kt electrotech as electrical installations in road tunnels in norway pulling cables, mounting cable ducts, installing street lighting lodige gmbh mechanical and electrical installation of an automatic car park with a capacity of over 1,000 cars logistics systems for car assembly at. Over the past 25 years the country has emerged as an important and dynamic market. The mspo is held annually in kielce southeast poland at the beginning of september. Poland has emerged as an important and dynamic market since the country began its transition to democracy and a market. The main objective of this doing business in poland guide is to provide you with basic knowledge about poland.
Polish legal, tax and accounting requirements, including all sorts of formalities and compliance obligations. Subnational studies have benchmarked 485 locations in 71 economies since 2005. The doing business in poland guide will help uk businesses to take a look at this growing european market. This decline is a reversal of previous years which saw constant improvement. However, expansion is expected to exceed 3% in 2014. Pdf selected aspects of doing business in poland 14. International trade the chart on the right presents polish export structured by destination in 2011.
World banks ease of doing business index ranking 2010. Doing business in nigeria 2018the fourth subnational report of the doing business series in nigeria compares business regulations in 36 states and fct abuja and measures progress since 2014 in four regulatory areas. As of may 16, 2014 state or jurisdiction of subsidiary incorporation actel, llc delaware bloomingdale telephone company, inc. Doing business in poland is very similar to doing business in the uk. Ease of doing business in poland 20082019 data 20202022.
The polish economy offers a valuable lowrisk and highprofit. Aerospace the aerospace industry in poland is one of the growing areas of the polish economy. Prepared by eco slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Poland also offers a lot of investment incentives, such as special economic areas. Since then the polish tax system has been subject to frequent and fundamental changes. Poland is the largest beneficiary of eu funds over 105. There are no legal requirements regarding the amount of the initial capital to undertake. Welcome to the kpmg knowledge base of research that demonstrates our understanding of complex business challenges faced by companies around the world. See all the data for a city or region within an economy.
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