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Poland. Open for Business

Send Print Download added: | 2013-11-04 12:50:37

Poland. Open for Business

Publication "Poland. Open for Business" was prepared by tax law firm Ozog & Partners. The study contains basic information about available incentives for foreign investors in Poland and information about related financial and tax issues.

Poland is one of the newest, most dynamic and exciting of the European Union states. As a full EU, OECD, WTO and NATO member, Poland offers political stability and a rapidly expanding market in the heart of Europe. As a party to 89 Double Taxation Treaties throughout the world, Poland is indeed open for international business. As is universally agreed, Poland wasted no time finding itself during the tough global economic conditions. This is certainly true of Polish finance and banking sectors which have been largely unaffected by the credit crisis. Indeed, Poland was the only European Union member state to report economic growth during the darkest months of 2009 and is recognized as the sole "green island" within the EU that survived the storm without falling into recession. In fact, at the end of 2011, Moody's, Standard & Poor's and Fitch were unanimous in confirming Poland's credit rating as a stable A-, unchanged since 2007. Combining stable growth, the 2011 presidency of the European Union and an additional boost for the economy with the UEFA Euro 2012, Poland finds itself among the leading nations reinforcing European Union restructuring in the introduction of a new fiscal policy to consolidate the rising federation. Offering a large domestic market couple with political and economic stability and various government incentives for investors, Poland is placed by the United Nations Conference on Trade and Development among the top countries to attract FDI flows in the years 2011-2013 and the 6th most attractive investment location in the world.

The OECD annual report for 2011 places Poland closer to such countries as Germany, Austria and Sweden in respect of the health of public finance than those against which the Polish economy was previously measured. Poland has proven highly attractive to international investors wishing to capitalize upon competitive employment costs, increasing industrial output and a highly qualified labour force. With 30% of the population aged between 20 and 29 undertaking university-level studies according to the last OECD Program for International Student Assessment study, Poland is way above the average for OECD countries.

We invite you to download "Poland. Open for Business" publication.