History of PolandPoland is a country with a turbulent 20th century history. Located in central Europe, next to Germany, the country has a coastline on the Baltic Sea which enables it to trade goods internationally. The country now has over 38 million inhabitants.
Poland as an Onshore CentreOriginally established to encourage investments and provide enterprises with more room to manoeuvre, Poland’s low taxation rates attract many entrepreneurs. The main types of vehicle for carrying out onshore activities are:
- Private companies (the most widespread vehicle).
- Public companies.
- General partnerships.
- Sole traderships.
Types of Polish CompaniesThe time required to incorporate in Poland is comparatively very slow for this part of the world taking around 32 days and involving six different steps.
|Types of Entity||Minimum Capital||Number of Shareholders, Members or Partners|
|Public Company (Spolka Ackjna)||100,000 PLN||Minimum one shareholder, limited liability.|
|Private Company (Spolka Zoograniczona Odpowiedzialnoscia)||5,000 PLN||Minimum one shareholder, limited liability.|
Poland’s Economic Strengths
- Good location.
- Cheap, multilingual labour.
- Stable economy.
Poland’s Economic Weaknesses
- The country has not adopted the Euro.
- Very slow administration.
The Polish Government seeks to promote foreign investment via several measures to reduce labour costs and attract foreign businesses to establish there.