To grow their businesses, many companies choose to move to Poland because it is strategically located in the middle of Europe. Special Economic Zones (SEZs) are a way for Poland to get foreign capital and boost economic growth. SEZs offer businesses in Poland a variety of incentives and benefits. The whole process of getting a SEZ permit in Poland will be covered in this detailed guide.
What are Polish Special Economic Zones?
Polish Special Economic Zones (SEZs) are places where businesses are given different incentives and good conditions to get them to spend, grow their businesses, and create jobs. As part of Poland’s efforts to rebuild its economy after communism ended, these zones were set up, and they still play a big part in the country’s economic growth plan.
Eligibility Criteria for SEZ Permit in Poland
The list of eligibility criteria for SEZ Permit in Poland are:
- Legal Entity: To operate in a SEZ in Poland you must be a legal entity registered, such as a Limited Liability Company (Spolka z ograniczona odpowiedzialnoscia – Sp. z o.o.) or a joint-stock company (Spolka akcyjna – S.A.).
- Business Activity: Your business must engage in activities aligned with the SEZ objectives. These include, for example, manufacturing, IT services, research and development, and other activities with high value-added.
- Minimum Investment: Generally, you are required to invest a certain amount in fixed assets inside the SEZ. The investment threshold can differ depending on where the SEZ is located and what type of business you are doing.
- Job creation: Many SEZs require that businesses create a specific number of jobs in a given period. SEZs can have different requirements for the number of jobs to be created and time frames.
- Purchase or Lease of Land or Property: You may be required to purchase land or property in the SEZ or enter into a long-term lease agreement.
Application Process for Polish SEZ Permit
The application process for an SEZ permit in Poland typically includes:
- Submit: Apply to the SEZ management board. Include all the required documents.
- Evaluation: The board of management reviews your application and assesses its feasibility, as well as compliance with SEZ regulations.
- Approval: You will receive an SEZ permit if your application has been approved. This permit gives you access to all the incentives and benefits offered in the SEZ.
Document Required for SEZ Permit in Poland
The list of documents required for SEZ Permit in Poland are:
- Business plan: Detailed business plan outlining investment, projected jobs creation, and SEZ activities.
- Financial Reports: Provide financial statements that demonstrate your company’s ability to complete the project.
- Legal Documentation: Present all required legal documents including certificates of registration and permits.
- Environmental Impact Assessment: Prepare an environmental impact analysis if required.
Special Economic Zones in Poland
The list of Special Economic Zones in Poland is mentioned as follows:
- Legnica Special Economic Zone.
- Lodz Special Economic Zone.
- Mielec Special Economic Zone.
- Krakow Technology Park.
- Pomeranian Special Economic Zone.
- Slupsk Special Economic Zone.
- Suwalki Special Economic Zone.
- Starachowice Special Economic Zone.
- Kamienna Góra Special Economic Zone for Small Businesses.
- Kostrzyn-Slubice Special Economic Zone.
- Tarnobrzeg Special Economic Zone EURO-PARK WISŁOSAN.
- Wałbrzych Special Economic Zone “INVEST-PARK”.
Benefits of Polish Special Economic Zones Permit
Some of the advantages of the Polish Special Economic Zones Permit are:
- Tax incentives: One of the major benefits to companies operating in Special Economic Zones (SEZ) is the ability to obtain income tax exemptions. Companies may be able to benefit from significant corporate income tax cuts depending on the nature of their investment and where the SEZ is located.
- Access-developed infrastructure: Special economic zones in Poland are equipped with the necessary infrastructure for businesses. Roads, utilities and other facilities are included. Businesses can save money and reduce their setup time by taking advantage of this.
- Customs Duty: Goods imported into the SEZ to be used for business may not have to pay customs duty, making them more cost-effective for companies involved in manufacturing or exporting.
- Administrative Procedures: Many bureaucratic procedures are simplified in SEZs. These zones offer “one-stop” services that help investors with administrative procedures.
- Employment benefits: Establishing in a Special Economic Zone may also provide employment benefits. Local authorities may offer support for training and recruitment.
- Accessibility and Location: The strategic location of many SEZs ensures easy accessibility to major transport routes within Poland and to other European countries. It facilitates business trade and transport.
- Stable legal environment: Investors who invest in SEZs are guaranteed against any changes to certain laws. This provides a more predictable and stable business environment.
- State Assistance: Depending on the nature of the investment, and whether it aligns with the SEZ’s objectives, investors may also be eligible for state assistance. This can take the form of grants, preferential loans or guarantees.
- Regional Economic Development: Special Economic Zones are usually established in areas that need economic development. Investments in these regions can lead to synergistic relationships where both the local community and the company benefit.
Getting a SEZ permit in Poland can make or break your business, giving you a lot of benefits and chances to grow. But it’s important to know what you need to do to be eligible, pick the right SEZ, and keep your promises to get the most out of the rewards.
Poland’s Special Economic Zones show that the country is serious about boosting economic growth and luring in foreign investments. By following the steps in this guide, you can start the process of getting a SEZ permit and setting up your business to succeed in the fast-paced and growing European market.
If you are looking for faster SEZ Permit in Poland, then Consult with OnDemand International as soon as possible.
Different SEZ permits last for different amounts of time, but most of the time, they are given for a long time, which lets businesses plan long-term investments.
Yes, a company’s permit can be taken away if it doesn’t follow the rules written in it, like investing the money promised or creating the jobs promised.
Poland has many special economic zones (SEZs), such as the Wałbrzych SEZ, the Katowice SEZ, the Łódź SEZ, and the Pomeranian SEZ.