Recently, Poland has taken a lot of steps to make life a bit easier for entrepreneurs. In this previous post, we’ve told you about the Constitution for Business, which introduces a lot of changes which will be beneficial for SME companies.
However, that’s not all! Below, we’ve listed other regulations, which might interest you, as a business owner.
Family Business Succession
Being a business owner isn’t easy. You spend years building up your reputation and developing your company, often with a huge help from your family. It’s no surprise, then, that you want the business to grow and continue after you’ve passed away. Now it’s possible. The new Family Business Succession regulation allows the company to function just like when the original owner was alive. The NIP (the tax identification number in Poland) and the tax settlements will stay the same. The previously signed contracts will be valid, and employees don’t have to worry about being let go.
New Special Economic Zone Policy
Poland aims to become an investment leader. Thanks to the new policy, businesses won’t have to move to the Special Economic Zones, to get better chances of development. The support system will operate in the whole country, especially in the medium-sized cities and regions with a high unemployment rate. The solution aims to support investments providing safe, well-paid workplaces, and those combining science and business.
Also, even more businesses, including SMEs, will be eligible for tax incentives for investors.
Online Registration with the Business Register
No one likes queuing in government agencies, and registering a new company is certainly stressful enough. Now you can do it from the comfort of your own home, through PKO BP and mBank’s electronic banking systems. The whole procedure takes a few minutes and only requires verification with a trusted ePUAP profile.
Incentives for R&D initiatives
Poland is all about innovation. The Government actively supports digitalisation of the state and economy, which is why they have introduced tax reliefs for R&D initiatives. The changes aim to reduce or eliminate the limits for the operation of innovative businesses.
Want to learn more? Check out the brochure available on the Ministry of Entrepreneurship and Technology’s website.
