International Business in Poland
Polish law is rather favourable to foreign entrepreneurs. The government offers investors various forms of state aid, such as: CIT tax at the level of 19% and investment incentives in 14 Special Economic Zones (among others: income tax exemption, real estate tax exemption, competitive land prices), several industrial and technology parks, the possibility to benefit from the EU structural funds, brownfield and greenfield localizations. According to the National Bank of Poland (NBP) the level of FDI inflow into Poland in 2006 amounted to 13.9 billion Euro.
According to an Ernst & Young report, Poland ranks 7th in the World in terms of investment attractiveness. However, Ernst & Young's 2010 European attractiveness survey reported that Poland saw a 52% decrease in FDI job creation and a 42% decrease in number of FDI projects since 2008. According to the OECD (www.oecd.org) report, in 2004 Poles were one of the hardest working nations in Europe. Yet, the ability to establish and conduct business easily has been cause for economic hardship; the 2010 the World Economic Forum ranked Poland near the bottom of OECD countries in terms of the clarity, efficiency and neutrality of the legal framework used by firms to settle disputes.
It is estimated that the selection of Poland as the co-organizer of the European Football Championships in 2012 will speed up a lot of investments in Poland in the coming years. It will mainly be investment in sectors such as roads, railways and air infrastructure, as well as in the hotel, tourism, gastronomy and recreation industries.
Polish Information and Foreign Investment Agency offers support for foreign investors – assists and helps investors in all the necessary legal and administrative procedures.
Read more about this topic: Economy Of Poland
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