Conducting business in Poland - The advantages7479350

Joining NATO in 1999 along with the European Union in May 2004 have opened the Polish market to foreign investors and development opportunities. Poland receives among the largest pools of EU funding for development and infrastructure so that it is very popular with foreign investors. Its location during Europe where Western and Eastern values meet creates an excellent chance for business development. Below are the key advantages of doing business in Poland.

The strategic location of Poland has played a crucial role in the development. Located on the crossroads between Eastern and Western Europe, Poland can be a link between West and East while offering the massive 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. Like a person in the EU, Poland also benefits from a no cost flow of items and services. Poland shines being a success story among transition economies since its liberalisation in 1990, and today it's got one of the most successful and fast-growing economies in Central Europe. Its transformation to some democratic, market-oriented country raised Poland's profile on the international stage. Polish potential have also been recognised with the Western european which was generous in funding development, and this consequently attracted foreign investment. Poland is another leader in Central Europe in foreign direct investment with the inflow of 14 billion dollars (2006, Polish Information and Foreign Investment Agency). Poland's future looks very promising with thanks to the flow of foreign capital into its economy. The Polish government is within favour of foreign investments and possesses introduced business-friendly reforms to lower taxes. Government incentives rely on the costs in the investment and job creation, along with the connection between negotiations with authorities. They consist of three kinds of public aid: regional, horizontal and sectoral. Incentives have various grants and could be joined with tax exemptions and loans. Foreign poland economic growth get access not only to the Polish market but also to the vast EU market. They can take advantage of lower production costs in Poland being a participant compared to people who are longer established. Poland comes with a large qualified workforce and it is legislation is moving towards full harmonisation with Western standards. Poland includes a family-focused society and also the Polish value close personal relationships. Due to Poland's reputation occupation, it is usually case that outsiders must create the trust with their Polish acquaintances before an in depth relationship forms. For this reason Polish people often adopt a very formal approach to begin with and yes it may take several meetings before any final decisions are produced. However, Polish people appreciate the patience with their counterparts in establishing relationships and are very loyal to them once trust created.