Doing Business in Poland

Pages: 24 (3414 words) Published: August 27, 2013
Outline of the Lecture
1.

Doing Business in Poland (Socio-Cultural Aspects)
Krzysztof Wach, PhD
Cracow University of Economics Faculty of Economics and International Relations Department of Entrepreneurship and Innovation

2. 3. 4. 5.

investment climate cultural dimensions Poland and classifications of cultures historical influence useful tips appendix 1: business legal forms appendix 2: starting up procedures © Dr Krzysztof Wach - Kraków 2010 2

Poland - Economic facts
Part 1

Investment Climate in Poland

Area: Population: Currency:

312 000 sq km – 6th in the EU (68th) 38.12 million – 6th in the EU (34th)

Polish Zloty, PLN (EUR 1 ~ PLN 3.90, USD 1 ~ PLN 2.85) ca. 18 000 USD 6.7% (2007) 5.0% (2008) 1.7% (2009) 2.6% (2010 - EC forecast, Feb 2010)

GDP per capita: GDP growth:

Largest Cities of Poland:
Warszawa (Warsaw) 1.7 mln inhabitants Kraków (Cracow) 0.75 mln inhabitants Łódź 0.74 mln inhabitants Wrocław (Breslau) 0.63 mln inhabitants

Strategic location between West and East
1000 km radius 250 mn people

• located in the heart of continental Europe

2000 km radius 550 mn people

Poznań (Posen) 0.55 mln inhabitants Gdańsk (Danzig) 0.45 mln inhabitants © Dr Krzysztof Wach - Kraków 2010 5

• the part of the single market of 500 million • the springboard to the East • population of 250 million within a 1000 km radius • competitive cost base offers significant location benefits

1

Polish Membership in International Organizations

Stable Political Environment and Fast Economic Growth

Since EU accession unemployment declined from over 20% to less than 10% over 20%

GDP (bn USD)
Poland joins the EU Entry into the NATO OECD WTO Beginning of transformation

Schengen

20

500 400 300 200 100 0

07/2008 9,3%
10

Employment rate grew since 2004 by over 5% up to 56,4%
0 2002
20 04 20 05 20 06 20 07 * 20 08 *

2003

2004

2005

2006

2007

2008

19 89 19 90

19 91 19 92 19 93

19 94 19 95 19 96

19 97 19 98 19 99 20 00

20 01 20 02 20 03

Source: Central Statistical Office 2008 Source: International Monetary Found, World Economic Outlook Database, 2007

Labor cost in Poland and OECD countries (PPP adjusted, in thousands USD) 70 United States 60 United Kingdom 50

Poland offers 20 million entrepreneurial and multilingual young people • 87% of students can communicate in a foreign language • 50% of the population is less than 35 years old, 35% under 25 • a nationwide network of 448 universities and polytechnics Percentage of population in higher education in the 20-29 age group 29 26,7

Germany Euro area

Number of students in selected countries in 2006/2007 (in thou.) Poland 2118 1804 738 436 336 195 186 181 130 68

40

24,9

22,3 22 3

22,2 22 2

19,3

Spain

16,6

30 Czech Republic 20 Slovak Republic 10 Mexico 0 2000 2001 2002 2003 2004 2005 2006 Hungary

13,2

Romania Hungary Czech Republic Lithuania

nd

ds

US

ar

nd

li c

la

an

la n

ng

la

ub

Po

rm

Hu

Ir e

ov

ak

Poland

A

Ireland Slovakia Latvia Estonia

y

y

Ne

th

Source: EIU, Eurostat

Source: OECD, 2006

Cz

ec

h

Re p

Ge

er

Sl

ia

Taxation
income tax
juristic persons

CIT: 19%
natural persons & persons without legal entity

VAT standard: 22% reduced: 7%, 3% export: 0%

PIT: 18% and 32% or 19% (flat rate)

© Dr Krzysztof Wach - Kraków 2010

11

© Dr Krzysztof Wach - Kraków 2010

12

2

Where in the EU is there the highest corporation tax (2009)?

EU-27 EU-15 EU-12 Malta Belgium France Luxembourg* Spain UK Germany* Sweden Italy Portugal* Finland Netherlands Austria Denmark Greece Slovenia** Hungary* Estonia*** Czech Republic POLAND Slovakia Romania Lithuania Latvia Ireland Bulgaria Cyprus 0 10

23,4 27,2 16,8 35 33,99 33,33 30,38 30 30 29,8 28 27,5 26,5 26 25,5 25 25 25 22 21,28 21 21 19 19 16 15 15 12,5 10 10 20 30 40

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