“Invest in Poland” –
Your Guide to Success

t state level Poland provides a comparatively attractive system by offering varied incentives, but at the same time, the local governments are becoming more and more keenly involved. This determination to attract foreign investment to Poland is on the rise, which is reflected in the reduction of administrative obstacles, the increased flexibility and a willingness to co-operate. As in previous years the ‘Special Economic Zones’ (SEZs) are very smart locations to invest due to the huge number of tax reliefs accessible to enterprises functioning in those SEZs. But currently, these will only exist until the end of 2026.

To ensure that Poland remains an attractive investment location, a new support instrument was announced in June 2018 called the ‘New Investment Support Act’. This allows enterprises to benefit from income tax exemption throughout Poland. Is it projected that the number of activities in the Polish Investment Zone may grow in 2020 by as much as 10% compared to 2019.

The domestic market has now been established and the steady increase in the Gross Domestic Product, along with consumption, has made Poland an attractive target not only for exporters, but also for investments focused on at domestic sales. The number of German companies investing in Poland confirms the favourable investment climate that exists. The important relationship between Germany and Poland continues as they continue to be the most active investor in the SMEs sector. With other key foreign partners being South Korea, Japan and the United States.

In May of this year, Microsoft announced a $1 billion digital investment in Poland. This is Poland’s largest ever IT investment project and will feature Microsoft’s first data centre in the region, providing cloud services to business and government. While in 2019, Google also announced plans to open a cloud hub in Poland which will serve the CEE region. Both projects will be run in partnership with the Polish Development Fund (PFR) and PKO BP, Poland’s largest bank.

Poland attracts foreign investors due to, amongst others, a high level of innovation, very good qualified workforce, one of the market leaders in provided services, along with the economic effectiveness. In recent years Poland has seen the many companies established in research, laboratories, packaging manufacturers, along with chemical and biotechnology companies. This has even led to the ever growing cosmetics sector, to be able to handle their entire manufacturing process in Poland.

A recent report prepared by the Polish Investment and Trade Agency for would-be investors called “Poland Land of Opportunities” shows investment projects are in the pipeline for automotive and electro mobility, IT and transport industries.

getsix® with our vast experience regarding German entrepreneurs in Poland would highlight they continue to advise a rather inefficient judicial system, along with a complicated and often changing tax system.

Our tax experts have concerns that even though provisions aimed at tightening up the Polish tax law system – even though very much required – are only vague.

This is where getsix® comes in, we will help you avoid any obstacles or delays in making your business a success here in Poland. The goal of the getsix Group is to become a strong partner in supporting, advising and managing your everyday business processes for companies and entrepreneurs looking to operate in Poland. Engaging with a professional partner like getsix® now in existence 13 years, gives you immediate understanding and experience of the Polish market. getsix® prides itself on first-class client focused outsourcing services.

The lawmakers in Poland have created special types of funding for new investment projects. If you have an enterprise that functions in Poland, you can enjoy income tax exemption all over Poland, regardless of whether you are operating within the SEZs.

You have to be aware that, a minimum capital expenditure has been set for enterprises, they must declare this figure for a new investment project. There are different expenditure amounts depending on the district, which is subject to reports on the unemployment rate – the minimum capital expenditure for large enterprise, for example, is from 10 million Złoty to as much as 100 million Złoty.

As well as stating the minimum capital expenditure, enterprises who would like to enjoy income tax exemption due to operations based on the decision granting support, need to also declare to meet qualify criteria. Within the criteria they highlight viable economic and social development and include, to give an example, upholding a certain export level or alliance with trade and vocational schools. It should be said that a large number of cities have introduced real property tax exemption for new investments which, when added to the income tax exemption, becomes very favourable to investors.

The previously mentioned special support also covers innovative undertakings of enterprises. There is a 50% tax deductible relief for Research & Development for salary costs or special tax treatment of Innovation Box, shows a few preferences announced by the Polish lawmakers. Again these investment incentives clearly make Poland a very attractive business destination for foreign investors.

We would also like to point out that areas where the largest amount of aid is earmarked to support projects in line with Poland’s current development policy, e.g.

• excellent-quality food products,
• specialised electric and electronic apparatus,
• transportation,
• and machinery.

If we take a look at IMF projections Poland’s GDP growth is about to gradually slow down to touch 2.8% between 2021 to 2023. But there are other expert’s projections which are more optimistic, with Poland reaching GDP growth of 4%. When you compare Poland to the rest of the ‘Eurozone’ it is favourable, with GDP in this zone in 2020 to be 1.7%.

Foreign investors see Poland, within the EU, as an outstanding investment location due to: the quality of staff, availability of suppliers, and constantly improving infrastructure, you can understand why. If you also look at the years ahead, it is very probable that the Polish economy will be marked by stable growth and growing competitiveness in the global market.

EU funding has already added stimulus to the improvement of eastern Poland, which has become considerably more attractive to investors. Also the scheduled regulations on state aid will add to the additional boom in the east of Poland.

The Polish economy is on a roll… In addition, the location of Poland plays a large part when it comes to attracting investors from abroad. Due to this foreign investment we can observe well-designed and distinctive buildings. There really is no day that goes by without news of upcoming new projects. Last year foreign investors agreed financing for 373 new investments in Poland, together worth $21.8 billion. This made Poland the third largest destination for investment coming into Europe. * For more information regarding Investing in Poland, please click below to view our ‘Guide to Success’.

getsix® your trusted and reliable partner in Poland

getsix®, as an experienced and strong business partner, offers a broad range of cross-linked economic services for the local marketplace and foreign investments in Poland. The service of our client will always remain the focal point of all the actions performed by getsix®. A permanent contact person is assigned to your business. The new line service provided by getsix® gives you, the possibility to concentrate yourself entirely on your core activities and expansion, without having to worry unduly about the day to day operations.

getsix® goal is to become a strong partner in supporting and managing everyday business processes for companies and entrepreneurs operating in Poland. getsix® offers outstanding and customer focused complementary services in many areas.

How can getsix® assist you?

getsix® concentrates on addressing the requirements of mainly foreign capital owned companies and their owners / managing directors.

Over 130 highly qualified and experienced employees with an excellent knowledge of foreign languages: English, German and French work in conveniently located and easy to reach offices in Wrocław, Poznań, Warszawa, Szczecin and Katowice. The committed staff of getsix® are at the disposal of our clients, ready to assist or to visit our prospects in order to discuss in-depth client’s expectations. Accordingly, based on gathered information, we prepare a tailor-made and customised offer.

Utilise our experience to maximise the success
of your business!

Do you want to establish a new business entity in Poland?

getsix Group offers one of the best and most professional ‘Company Registration’ services in Poland. We ensure that our clients are provided with every detail connected to establishing business entities based on Polish law. This comprehensive service we feel is very unique on the market, because we allow the client to choose the level of service, subject to their actual needs and budget. getsix Group pay very strict attention to every detail, at each stage of the Polish ‘Company Registration’ process.

Why not become familiar with the packages that we offer? Then it is simple for us to fulfil your requirements, quickly and professionally.

Please note: We can also arrange the ‘Company Registration’ process in a way that there will be no need for a client to come to Poland.

Polish law offers numerous legal forms of running a business. The most suitable solutions to serve as a business vehicle for investors and companies:

• Limited Liability Company (Spółka z ograniczoną odpowiedzialnością – Sp. z o.o.)
• Joint-Stock Company (Spółka akcyjna – S. A.)
• Registered Partnership (Spółka Jawna – Sp.J.)
• Limited Liability Partnership – LLP/LLC (Spółka Komandytowa – Sp. K.)
• Limited Joint-Stock Partnership (Spółka Komandytowo-Akcyjna – S.K.A.)

We can also offer and combine our ‘Secretarial & Administrative’ Services from any of our 5 offices throughout Poland.

Please make yourself familiar with our packages. If you need any further assistance, please feel free to contact us anytime. We will be more than happy to provide you with a properly and favourably registered business. getsix Group will assist you to make the process simply and stress free, while providing professional and friendly service to establish your business in Poland.