Conducting business in Poland - The Benefits9501892

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 one of the largest pools of EU funding for development and infrastructure so that it is very popular with foreign investors. Its location in the heart of Europe where Western and Eastern values meet creates an excellent chance of business development. Below are one of the key great things about doing business in Poland.

The strategic physical location of Poland has played a huge role in its development. Located about the crossroads between Eastern and The european union, Poland is really a link between West and East and offers the big 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 an affiliate the EU, Poland also advantages of a no cost flow of goods and services. Poland shines like 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 around the international stage. Polish potential was also recognised by the European that has been generous in funding development, this also subsequently 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 thanks to the flow of foreign capital into its economy. The Polish government is favour of foreign investments and contains introduced business-friendly reforms to reduce taxes. Government incentives depend upon the costs in the investment and job creation, along with the link between negotiations with authorities. They are comprised of three types of public aid: regional, horizontal and sectoral. Incentives also include different types of grants and can be joined with tax exemptions and loans. Foreign poland economic growth get access not just in the Polish market and also to the vast EU market. They can engage in lower production costs in Poland as a new member in comparison to those which are longer established. Poland provides a large qualified workforce as well as legal system is moving towards full harmonisation with Western standards. Poland has a family-focused society and also the Polish value close personal relationships. Due to Poland's good reputation for occupation, it really is generally the case that outsiders must generate the trust of the Polish acquaintances before a close relationship forms. That is why Polish people tend to adopt a fairly formal approach to commence with and it might take several meetings before any final decisions are manufactured. However, Polish people understand the patience with their counterparts in establishing relationships and are very loyal to them once trust is made.