Doing work in Poland - The huge benefits7598251

Joining NATO in 1999 and the European Union in May 2004 have opened the Polish market to foreign investors and development opportunities. Poland receives one of several largest pools of EU funding for development and infrastructure rendering it very attractive to foreign investors. Its location in the middle of Europe where Western and Eastern values meet creates an excellent opportunity for business development. Below are among the key great things about economy of poland.

The strategic geographical location of Poland has played a crucial role in their development. Located around the crossroads between Eastern and Western Europe, Poland can be a link between West and East and will be offering the larger 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 well as over 400km of coastline enhance its trading opportunities. As a an affiliate the EU, Poland also advantages of a no cost flow of goods and services. Poland stands apart being a success story among transition economies since its liberalisation in 1990, and after this it's got probably the most successful and fast-growing economies in Central Europe. Its transformation to a democratic, market-oriented country raised Poland's profile on the international stage. Polish potential was also recognised from the European Union which was generous in funding development, which consequently attracted foreign investment. Poland can be another leader in Central Europe in foreign direct investment having an 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 within favour of foreign investments and has introduced business-friendly reforms to reduce taxes. Government incentives be determined by the price of the investment and job creation, along with the link between negotiations with authorities. They are composed of three forms of public aid: regional, horizontal and sectoral. Incentives include various grants and can be joined with tax exemptions and loans. Foreign economy of poland gain access not just to the Polish market but additionally for the vast EU market. They can take advantage of lower production costs in Poland as a fellow member compared to those which are longer established. Poland provides a large qualified workforce as well as 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 good occupation, it is generally the case that outsiders must create trust with their Polish acquaintances before an end relationship forms. That is why Polish people usually adopt a fairly formal method of begin with and it might take several meetings before any final decisions are manufactured. However, Polish people understand the patience of these counterparts in establishing relationships and are very faithful to them once trust is established.