Poland is one of the most popular business locations in Europe. Due to the relatively large population and growing domestic consumption, diversity of economic structure and good access to Western and Eastern European markets, the country is already appreciated by a significant number of foreign entrepreneurs.
The aim of this publication is to provide an easy access to practical and valuable information which is intended both for entities planning to export and sell their products and for investors who plan to start a business in Poland. "Business and Taxation Guide to Poland 2022" consists of 12 sections. Each of them provides a comprehensive summary of one of the key areas of the business environment. These areas include, among others - general information about the investment climate in Poland, opportunities and possible obstacles for foreign investors, or a detailed description of the business taxation and social charges.
Key figures
312679km2 is the area of Poland, bordering Russia and Lithuania to the north, Belarus and Ukraine to the east, Slovakia and Czechia to the south and Germany to the west.
38,5mlnPoland's population. The population density is 122 inhabitants per km².
23biggest economy in the world. Poland’s economy has characteristics of both an emerging market and developed economy, although in recent years it has looked increasingly like the latter.
Why is Poland attractive for foreign investors?
Attractive and stable economy
Poland’s economy is one of the most developed in Central and Eastern Europe. The country boasts solid macroeconomic fundamentals, has relatively high growth potential, and a strong labour market. Poland’s economic growth averaged just above 3% over the past decade. Poland is a member of all the organizations and unions mentioned below, providing the country with more security and economic opportunities: OECD, NATO, EU.
Strategic location
Poland has a good access to Weastern and Eastern European markets, which makes it a perfect location for companies doing business and wishing to export their products both to the East and to the West.
Diversity of sectors
Constant development of the Polish market and rapid growth of internal consumption opens up opportunities in a variety of sectors. One of the sectors that have flourished in recent years has been the gaming sector, with Poland being well-known as one of the most important producers of video games in Europe.
Highly educated and qualified workforce
Poland has a large number of young educated workers with foreign language skills, at the same time remaining a country with one of the lowest labor costs in the European Union.
Financial stability
Poland is a financially stable country. Its general government gross debt as % of GDP was 53.8% in 2021 compared to the EU average of 88.1%. Moreover, compared to other EU countries, Poland remains the sixth economic power. Despite the crisis caused by the Covid-19 pandemic, Poland had a stable economic situation compared to other European countries.
Innovations
According to the Bloomber Innovation Index 2021*, Poland was ranked 23rd and scored a total of 73.38 points out of the possible 100. Poland was ahead of countries like: Hungary, Slovakia, Greece and Spain. Poland came out especially well in sectors such as: R&D intensity, productivity, tertiary efficiency, researcher concentration and high-tech density.
"Business and Taxation Guide to Poland 2022" prepared in partnership with Ebury is intended to answer some of the essential questions that may arise when establishing and operating a business in the country. Before making any decision or taking any action that might affect your business, we recommend you to consult a qualified professional adviser. Mazars in Poland team will be pleased to discuss specific problems with you.
Responding to the new challenges in the international business markets, Mazars in Poland has set up various foreign desks to assist both foreign companies in their business in Poland and Polish companies in their international growth strategy.
Tax
Mazars is a global integrated firm with presence in major economies of the world, so we understand the complexities of tax in today’s global economic climate.
Consulting
At Mazars we offer a full range of services that will give you a clear insight into your company strategy, business processes and financial reports. We also give you all the necessary advice and support to manage your operational and financial processes and the risks involved.
ESG and Sustainability
Helping companies place sustainability at the centre of their business
Outsourcing
An outsourcing partner that helps you play to your strengths
Financial advisory
Support for the critical moments that define your business’ success
Audit & assurance
Independence and rigour that provides confidence and transparency for stakeholders and society
Privately owned business services
The Privately Owned Business group at Mazars is made up of experts who work passionately to support the goals of our clients – from family businesses to start-ups to medium-sized businesses
Deep knowledge of specific sectors
Transport & logistics
Today, actors in the transport & logistics industry find themselves in an environment undergoing profound changes: skyrocketing prices of raw materials, hardening of regulatory and environmental constraints, globalisation and the intensification of the cross-border flow of goods linked to the widespread opening up of competition, expansion of the e-commerce industry.
Real Estate
A solid foundation for an uncertain property market
Financial services
Building the future of financial services with forward thinking solutions
Healthcare & life sciences
Independent specialist advice to help deliver better, fairer health outcomes
Technology, media & telecommunications
Innovative ideas for fast-growing, digitally connected technology, media and telecoms companies
Industrials
Services tailored to help you thrive in an evolving global marketplace
Consumer
Integrated services that help you manage change and drive value
Public & social sector
Driving excellence in service delivery through innovation and partnership
Energy, infrastructure & environment
Tailored solutions to meet global needs and manage resources in a changing environment
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