Conducting business in Poland - The rewards6576877

Joining NATO in 1999 as well as the European Union in May 2004 have opened the Polish market to foreign investors and development opportunities. Poland receives one of many largest pools of EU funding for development and infrastructure so that it is very attractive to foreign investors. Its location in the middle of Europe where Western and Eastern values meet creates a great potential for business development. Below are some of the key advantages of business in Poland.

The strategic location of Poland has played an important role in their development. Located on the crossroads between Eastern and Western Europe, Poland is a link between West and East while offering the large market of Central Europe for trade and transport. Sharing borders with Germany, the Czech Republic, Slovakia, Lithuania, Belarus, Ukraine and Russia provides wide trade opportunities. Also, Poland's ports and also over 400km of coastline enhance its trading opportunities. As being a an affiliate the EU, Poland also advantages of a no cost flow of products and services. Poland sticks out as being a success story among transition economies since its liberalisation in 1990, and after this it's got the most successful and fast-growing economies in Central Europe. Its transformation with a democratic, market-oriented country raised Poland's profile on the international stage. Polish potential have also been recognised with the Eu that has been generous in funding development, and also this in turn attracted foreign investment. Poland can be another leader in Central Europe in foreign direct investment by having an inflow of 14 billion dollars (2006, Polish Information and Foreign Investment Agency). Poland's future looks very promising due to the flow of foreign capital into its economy. The Polish government is favour of foreign investments and it has introduced business-friendly reforms to lower taxes. Government incentives be determined by the expenses from the investment and job creation, and also the outcomes of negotiations with authorities. They are made of three types of public aid: regional, horizontal and sectoral. Incentives include various grants and is combined with tax exemptions and loans. Foreign poland economic growth gain access not just in the Polish market but additionally to the vast EU market. They can engage in lower production costs in Poland being a new member in comparison to people that are longer established. Poland provides a large qualified workforce and its particular courts is moving towards full harmonisation with Western standards. Poland carries a family-focused society and also the Polish value close personal relationships. Due to Poland's good occupation, it's usually the case that outsiders must create trust of their Polish acquaintances before a detailed relationship forms. For this reason Polish people tend to adopt a relatively formal approach to commence with plus it usually takes several meetings before any final decisions are manufactured. However, Polish people appreciate the patience of these counterparts in establishing relationships and are very faithful to them once trust created.