Poland is one of the most commonly chosen countries for setting up business by entrepreneurs who want to access the market of the European Union. With plenty of business opportunities and incentives, as well as comparatively low business taxes, Poland is becoming more and more popular, and many small and large companies have already opened Polish branches.
Setting up a company in Poland can be simple with professional help. GLC provides accounting and tax services for companies looking to relocate to or expand in Poland, taking care of all the formalities and offering expert-level business consulting.
Why are more and more businesses moving to Poland?
While the overall situation in Europe has been tense in 2022, Poland remains one of the safest and most hospitable countries of the European Union, with recent changes to foreign employment regulations making the job market more open. Many procedures related to setting up a company have been simplified and can now be done remotely, making it easy for foreign entrepreneurs to expand.
Poland is also located right in the heart of Europe, making it easy to access both Eastern and Western Europe’s markets. Investors can take advantage of Poland’s great logistics, which lowers the cost of running operations and helps businesses grow faster. To jumpstart setting up a business, seek professional accounting services in Poland.
Advantages of setting up a company in Poland
Poland offers a well-educated workforce prepared to work for approximately a third of what workers in Western European countries ask for from their employers. This has caused a number of international corporations to pursue expansion in Poland, gaining access to high-level professionals with world-class expertise, while also lowering their labour costs.
Entrepreneurs who pursue business in Poland can expect numerous business incentives that can lower the burden of operational costs. Companies founded in Poland can receive cash incentives for various projects and investments, tax exemptions, and special loans – some of which businesses won’t have to pay back under certain conditions. Structural funds are also allocated for businesses who participate in creation of new jobs and R&D activities.
Poland has several Special Economic Zones, which were created to accelerate economic growth in business zones. Companies who operate within a Special Economic Zone can take advantage of income tax exemptions, lower costs of new investments, real estate tax exemption, and more benefits.
How to open a business in Poland?
Setting up a business in Poland has become simple and straightforward over the last years – most entrepreneurs can open a business without leaving their homes. You’ll have to choose from one of the available company types, including limited liability companies (LLCs), partnerships, branches, and sole proprietorships. Your business type will dictate how your company’s future will look like, so take your time to research each of the types.
All citizens of the Member States of the European Union and the EEA can set up a business in Poland under the same principles as Polish citizens. All foreigners from outside the EU and the EEA can also start and conduct businesses under the same rules – but they’ll need a permanent residence permit, temporary residence permit, or an EU residence permit.
To ensure a smooth expansion, companies use the services of accounting companies for tax advice, legal services, payroll management, and HR. Make sure to partner with reliable accounting experts – like GLC, with over 1000 satisfied clients over the last 13 years!
How can GLC help businesses grow?
GLC closely cooperates with business clients from all across the world, employing a team of over 100 experts, including tax advisors, lawyers, accountants, auditors, HR specialists, payroll specialists, and many others. GLC offers the highest quality of service and professional tax advice, with experience in economic and commercial law.
For your convenience, GLC uses modern communication methods and IT solutions to optimize cooperation, allowing clients to track the work’s progress in real time and look at reports and analyses at any time. If you’re planning on setting up a business in Poland, GLC should definitely be your go-to business advisor.
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