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What do you need to know expanding your business to Poland?
General information
Qualified employees
Work culture
Internet users E-commerce Payment
methods
Legal issues Taxation Investments
In the heart of Europe
Poland was the only country in the European Union to experience positive economic growth in 2010. Now Poland is Europe’s sixth-biggest economy and enjoys a reputation as one of the quickest growing countries in Central Europe. !ings really don't show any signs of slowing.
General information
Qualified employees
Source: polon.nauka.gov.pl
Work culture
Internet users in Poland
58% of Poles use the Internet every day or few times a week. !ey spend on the Internet about 5 hours daily. In this time they send e-mails, use online b a n k i n g , r e a d n e w s a n d communicate with friends.
Source: gemius.pl
Internet users in Poland
Source: gemius.pl
E-commerce in Poland
Polish e-commerce market value amounted to 6.2 bn EUR.
Polish internet users love o n l i n e s h o p p i n g - e a c h consumer spends about 550 EUR a year on average.
Source: gemius.pl
E-commerce in Poland
Source: gemius.pl
Payment methods
Source: gemius.pl
Legal forms of entities
• commercial law partnerships; • limited joint-stock partnership; • limited liability company; • branch of a foreign company; • professional partnership.
• sole proprietorship; • joint-stock company; • civil law partnership; • limited partnership; • registered partnership; • representative office;
Permits and licenses
• wholesale trade and production of alcoholic beverages;
• conducting economic activities in special economic zones;
• establishment of an investment fund or a pension fund;
• private investigation services;
• operation of a customs agency;
• operation of a bank, an insurance company or brokerage agency;
• operation of casinos, organisation of lotteries and gaming;
• railway and road transport; • tourism agency activities.
Taxation
!e structure of the taxation system in Poland is similar to the majority of European countries.
!e main taxes are:
• real estate tax; • road vechicle tax; • inheritance and donation tax; • agricultural and forestry tax; • gambling tax.
• corporate income tax (CIT); • personal income tax (PIT); • Value Added Tax (VAT); • excise duty; • stamp duty / tax on civil
law transactions;
Private equity investments
Poland is one of the few countries in the world where every year since 1992 real GDP growth has been reported. It took 28th place in a comparison from 2013, which covered 118 countries, ahead of all the countries of Central and Eastern Europe.
• PE investment value in relation to GDP in Poland amounted to 0,13%.
• Polish participation in all PE investments in the CEE countries amounted to 46%.
Source: Raport KPMG “Rynek Private Equity w Polsce”
Stock exchange
Warsaw Stock Exchange is a joint stock company founded by the State Treasury that holds 35% share in capital.
It has a capitalization of 310 bn EUR. Currently more than 450 companies are listed on the WSE.
Source: gpw.pl
New Connect
NewConnect is alternative to WSE.
• It is aimed at investors who are looking for a potentially higher than usual return on investment but with respectively larger risk.
• Companies listed on NewConnect represent innovative sectors relying on intangible assets e.g. informational technology, electronic media, biotechnology or alternative energy.
Source: gpw.pl
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