PAIH EY and Collier report: Poland as one single investment zone
Firstly, the legislator provided them with greater flexibility about choosing a location. Under the new regulations, the Polish Investment Zone was created, under which, after meeting certain criteria, it is possible to obtain corporate or personal income tax exemptions in almost the entire country, and not only in separate zones. The amount of tax relief depends on the location of the investment and the size of the enterprise. The relief can be 10-50% for large companies, 20-60% for medium companies and 30-70% for micro and small enterprises.
One of the greatest advantages of the Polish Investment Zone is the much longer period of tax exemption. This particularly applies to projects carried out in Special Economic Zones or in the region with the highest (50%) aid intensity. The period of exemption in these cases is 15 years, and is therefore almost twice as long as the one granted recently in SEZs (8.5 years). The existing permits for operating in Special Economic Zones are valid until the end of 2026.
Experts also point out that businesses can apply for support for both production and service projects. With regard to the latter category, the range of activity that can receive a tax exemption has been extended. Significantly lower quantitative criteria, for example, the minimum value of investment outlays, apply to research and development projects, as well as to modern business services. The initial level of eligible costs was also reduced for micro, small and medium enterprises in the range 80 to 98%.
We have concluded the Eighth edition of the "Grunt na Medal" contest, organized by the Polish Investment and Trade Agency in cooperation with Marshal Offices and Regional Investor Assistance Centres. The goal of this initiative, which takes place every two years, is to identify existing attractive investment locations dedicated to industrial and production activities.
PAIH has opened a new office in Seoul, South Korea
"With our support, Polish business will be able to develop wings on the world's most innovative market. The prospects in South Korea are especially promising for the Polish IT/ICT sector", PAIH Vice-President Krzysztof Senger said during the opening of the Seoul office.
Teamed up with PAIH, The Union of Brewing Industry Employers - Polish Breweries presents the logo promoting Polish beer brands - “Proudly made in Poland”. The logo will mark beer exported and marketed by breweries overseas. To-date, Polish beer is sold in more than 80 countries worldwide. The logo has been designed to highlight the premium quality of beer made in our country.
Varroc Lighting Systems invests in Lubelskie voivodship
Varroc Lighting Systems, a leading global supplier of innovative exterior vehicle lighting systems and electronics, today announced the construction of a new manufacturing plant in Niemce, Poland. The Polish Investment and Trade Agency provided the investor with location consultancy.
PAIH together with Grant Thornton and HSBC Bank Poland has launched the 12th edition of a Research on the Investment Climate in Poland. It will be based on the opinions of companies with foreign capital operating in Poland. We have the pleasure to invite you to take part in this research by completing the survey available under the link:
... the Polish Embassy in Paris awarded the most effective Polish companies in selling their products to France
Held in Paris on 10th of December, the award ceremony was co-arranged by the trade office of the Polish Investment and Trade Agency. France is the fourth trading partner of Poland. The Prix du Meilleur Exportateur Polonais en France awards went to four Polish companies with the biggest value of exports to France. Those include: KGHM Polska MiedĽ, Crist SA shipyard, furniture producer Fabryka Mebli Forte and manufacturer of windows Oknoplast. More >>
... we are at the forefront among exporters of Christmas decorations
Poland in the previous season was promoted to the fourth exporter of Christmas decorations. Only China, Netherlands and USA are ahead of us. As analysts from Akcenta company, servicing foreign exchange transactions of exporters on several markets, have calculated that the value of ornaments sent from Poland last year amounted to 66.3 million USD. The analysis was based on data provided by the International Trade Center. Importantly, Poland almost doubled its result year by year. 2017 occurred to be the record year. Compared to 2016, Christmas decorations export recorded an increase of 93 percent. More >>