Poland - Market Entry and Legal Services

Lawyer & Law Firm in Poland

Located in the heart of Central Europe, Poland is a dynamic and the largest single market among the ‘new’ European Union (EU) states. With an estimated GDP of US$ 688 billion (2022), Poland is the EU’s sixth largest economy. Service sector leads the Poland’s economy followed by industry and agriculture.

Poland’s large customer base, high investments in infrastructure, growing demand for innovations and new technologies, skilled workforce and comparatively low labour and investment costs makes the country one of the most attractive destinations for foreign investors. Poland holds a significant position as India's primary trade partner and export destination within Central Europe, witnessing a remarkable surge in bilateral trade over the past decade, with trade volumes expanding almost sevenfold.

COMMERCIAL RELATIONS BETWEEN INDIA-POLAND

• India and Poland enjoy a robust trade relationship, witnessing exceptional growth in the last ten years.
• In 2019 alone, bilateral trade between the two countries reached a notable USD 2.36 billion. Notably, India's exports to Poland accounted for 0.48% of its total exports, while Poland's share in India's imports amounted to 0.15%.
• India has made substantial investments in Poland, totalling over USD 3 billion, with notable contributions from companies such as ArcelorMittal, Videocon, Escorts, and Ranbaxy.
• Conversely, Polish investment in India stands at an estimated USD 672 million, with key players like TZMO S.A., CanPack, and Famur making significant inroads into the Indian market.  
• Collaboration between India and Poland extends across various sectors including agriculture and food processing, textile, energy, pharmaceutical, Information Technology, and chemicals, promising lucrative opportunities for mutual growth and benefit.  

BUSINESS ADVANTAGE FOR INDIAN COMPANIES IN POLAND

Indian companies operating in Poland benefit from the country's strategic positioning within Europe, offering convenient access to the wider European market. Poland's robust and growing economy, characterized by stable GDP growth and increasing consumer demand, provides favourable conditions for business expansion and investment. Additionally, Poland's well-educated workforce, modern infrastructure, and supportive business environment further enhance the attractiveness of the market for Indian enterprises. With incentives for foreign investment and a favourable regulatory framework, Poland serves as an advantageous destination for Indian companies looking to establish a foothold in Europe and capitalize on the region's diverse market opportunities.

INCENTIVES AND SUPPORT PROGRAMS BY POLAND FOR INDIAN COMPANIES

Poland provides a range of incentives and support programs aimed at attracting and facilitating investment by Indian companies.

• Special Economic Zones (SEZs) offer tax breaks and other benefits to foreign investors. These zones provide reduced corporate income tax rates, exemptions from customs duties, and streamlined administrative procedures, making them attractive locations for Indian businesses to establish or expand their operations.
• Polish government offers investment grants and subsidies to support foreign companies, including those from India, in various sectors. These grants may cover expenses related to land purchase, construction, machinery, and equipment acquisition.
• Poland provides Research and Development (R&D) grants to encourage innovation and technology transfer, with Indian companies engaged in R&D activities eligible for financial assistance.
• Regional aid programs are also available to promote investment in specific regions facing socio-economic challenges.
• Poland has established business incubators and accelerators to support the growth of start-ups and innovative enterprises. Indian start-ups looking to enter the Polish market can benefit from mentoring, networking opportunities, and access to funding sources through these programs.

HOW TO SET UP BUSINESS IN POLAND

• Select a unique name for the business that complies with Polish regulations.
• Determine the most suitable form of business entity.
• Gather all necessary documentation and register the company with the National Court Register (KRS)
• Obtain a Tax Identification Number (NIP) and Statistical Number (REGON) from the relevant authorities.

VISA AND IMMIGRATION

Poland provides different types of Visas to foreign nationals depending upon the purpose and duration of their visit. Here are the common types of visas available for individuals planning to either set up business or find employment in Poland:

• Business Visa (Short-Term)
• National Visa (Long-Term)
• Work Visa
• Investor Visa
• Start-up Visa

To conclude, Poland presents promising business opportunities with its sustainable economic growth, strategic location, advanced infrastructure, and highly skilled workforce. Business friendly policies and rapidly growing customer base makes Poland an appealing destination for foreign investors. However, prior to entering the Polish market, it is important to have a thorough knowledge of cultural, regulatory, and business landscape of the country. An in-depth market study, a comprehensive business plan and tailored marketing strategy will enable Indian businesses to thrive in the Polish market.

To read more about the Poland market and various business opportunities – CLICK HERE

HOW DO WE HELP?

We, at India Law Offices LLP (ILO), are determined to provide exceptional legal services to our clients in India and overseas. Over the last twenty years, we have worked diligently in building our global footprint by forming strategic partnerships, both formal and informal, with respected law firms located in major commercial centres across the globe. These partnerships have enables us in providing effective and seamless representation to our clients in any jurisdiction. In addition to this, our expansive global network has helped us in addressing varied requirements of our clients ensuring that they receive high quality legal support across borders.

ILO is part of various esteemed international legal and business networks and has robust global partnerships which has helped us in making business possible for our clients in any part of the world. We provide comprehensive support to Polish companies that are keen to enter the Indian market and assist them in setting up a subsidiary or a branch office in India, negotiating important commercial contracts and navigating the nuances of regulatory compliances. Parallelly, we offer tailored legal and corporate support to Indian entities that wish to expand their business to Polish market. In collaboration with our counterparts in Poland, we provide advise to both Indian and Polish companies on all types of cross-border transactions including Mergers and Acquisitions (M&A), Joint Ventures, Technology Licensing, and other related alliances. We are committed in supporting our clients successfully navigating the intricacies of India-Poland business collaborations. Following are some of our key practice areas:

• Corporate and M&A – Incorporation of Company, Branch Office, Merger & Acquisitions, Joint venture, Technical Collaboration, Taxation, Financial Reporting
• Commercial Contracts – Drafting & vetting of contracts like franchising, distribution, sales and marketing, licensing etc.
• Business and Civil Litigation – Representation before courts and judiciary bodies, Arbitration, Mediation
• Immigration – Obtaining Visa, Citizenship, Visa extension, Work Permit etc.
• Labour & Employment – Advice on Employment Laws, Tax implication on French nationals working in India, Drafting Employment Contracts & HR Policy
• Real Estate – Buying & Selling of Property, Development of real estate projects.
• Intellectual Property Rights – Trademark, Copyright & Patents registration
• Family Law and Inheritance – Cross border Divorce, Marriage Registration, Child Custody, Adoption, Drafting Will, Setting up Trust or Estate

OUR PARTNER IN POLAND

India Law Offices and Gorazda, Świstuń, Wątroba i Partnerzy, a respected Polish Law firm, has formed a collaborative partnership to provide comprehensive legal services to client on various cross-border matters that arise between India and Poland. Their partnership is based on their mutual membership in Warwick Legal Network (WLN), an international network of independent business and commercial law firms from around the world. Gorazda, Świstuń, Wątroba i Partnerzy located in Kraków, Poland specializes in the areas of Corporate and Commercial Law, Intellectual Property Rights, Inheritance and Succession Planning, Real Estate, Taxation, Labour Law, Restructuring, and Criminal Litigation.

If you are a Polish company or individual seeking assistance in India or an Indian entrepreneur planning to enter the Poland market, we encourage you to complete the form below and connect with our team of legal experts. We are dedicated and committed in providing best guidance and support based on your specific requirements.