Poland, situated in the central part of Europe, is a sizable country and a member of the European Union. Despite its EU membership, the official currency remains the Polish zloty (PLN). Polish legislation is generally favourable to foreign investors, although there are still some existing restrictions.
The Polish economy is actively developing and holds considerable promise. Remarkably, economic indicators have exhibited steady growth for 28 consecutive years, marking a record achievement within the European Union as of 2019. The country’s GDP and quality of life continue to rise steadily. The local economy is based on mechanical engineering, the coal industry, metallurgy, textile and chemical industries, services, and agriculture. Additionally, there is active development in renewable energy, tourism, and the IT sector.
ADVANTAGES OF REGISTERING A COMPANY IN POLAND
Naturally, the primary advantage of business registering in Poland lies in the country’s favourable geographical location and well-established transit routes connecting Western and Eastern Europe. Additional advantages of the jurisdiction encompass:
- Stability of the economy and political climate.
- Developed modern infrastructure.
- The opportunity for duty-free trade with EU countries.
- Highly qualified yet relatively inexpensive personnel.
- The opportunity for preferential tax conditions.
- Relatively quick company registration.