Relocation involves the transfer of the company and employees to another country, which creates favorable working conditions for the company and employees. We offer our clients relocation to Poland.
Business relocation - General Information
Relocation - moving a business to another place, moving within the country or abroad. In addition, the term "relocation" is applied to the relocation of employees and the relocation of production. In the context of a changing geopolitical situation, one of the options for preserving the company's assets and creating favorable working conditions for the company is its relocation to Europe.
Company relocation can be divided into several successive stages:
- development of a corporate structure and scheme of the relocation process,
- setting up a company in the chosen jurisdiction,
- opening a bank account,
- the beginning of the process of relocation of company employees - obtaining a visa,
- relocation of company employees to the chosen jurisdiction,
- employee employment,
- creation of current corporate documentation for the work of the company.
Our company provides a full range of services related to the creation and conduct of business in Poland and other European countries. Our company has been providing legal, tax and consulting services for more than 10 years in Poland, which allows us to control all processes and ensure the impeccable quality of services.
Why Poland - Business Information
The Polish economy differs from other European countries in its exceptional growth dynamics and, above all, stability. Only Poland managed to avoid recession and the average per capita income is systematically increasing. According to the International Monetary Fund, in 2019 the Polish economy grew at a rate of 4%, which is much faster than the average growth rates in the euro area and throughout the European Union.
The COVID-19 pandemic had a huge impact on the global economy and, of course, affected the Polish economy. However, it should be noted that in 2020, the decline in GDP in Poland amounted to only 2.7%, which was the best indicator among European countries. As of 2021, Poland's GDP increased and amounted to 5.7%
Reduced corporate tax rate (CIT):
Each company that starts its operations receives the status of a so-called "small taxpayer", which gives it the right to use the corporate tax rate of 9%. The main condition for using the reduced corporate tax rate is the limits on the company's turnover, which cannot exceed 2,000,000 euros per year.
Corporate Tax Exemption (CIT):
As a result of the reform of tax legislation, the concept of "Estonian corporate tax" was introduced, under which companies investing in the Polish economy and not paying dividends to their founders / shareholders are exempt from paying corporate tax (CIT). The main conditions for corporate tax exemption are the simple corporate structure of the company, the creation of jobs and the implementation of investments.
Special Economic Zones:
Polish legislation provides for the possibility of creating special economic zones in regions that need investment and infrastructure development. Income of companies establishing their branches in special economic zones is not subject to income tax. The basis for exemption from income tax is a license issued by the Minister of National Economy of Poland after a tender among applicants for its receipt.
What is included in relocation services
As part of the proposal for the relocation of the company to the territory of Poland, our law firm provides detailed advice on the conditions and rules for doing business in Poland, as well as a range of legal and consulting services:
- company registration in Poland,
- opening bank accounts,
- registration of migration documents for employees,
- employment of employees in Poland,
- provision of accounting services,
- help with office rent,
- legal support of the company.
Our experienced staff will advise on the conditions of doing business in Poland, on the system of taxation of companies and employees, on the possibilities of reducing the tax burden. In addition, based on the goals of relocation, we provide our clients with an optimal corporate structure.
Buczyński Tax & Legal Sp. z o. o.
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