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FX Energy Inc. Message Board

  • ogeneration ogeneration Nov 9, 2003 9:43 PM Flag

    Poland Economical Incentives

    Because of its 38,6 million market and cheap and skilled labour force Poland is a very attractive place to invest in but not only for that reasons. Poland has prepared a number of economical incentives for foreign business to make it one of the most interesting and beneficial places in Europe to invest in.

    According to the Law on Financial Support for Investment of 20 March 2002 (effective from 19 May 2002), foreign investors in Poland may obtain:

    Investment grants covering up to 25% of investment outlays (in Krak�w, Wroclaw, Gdansk, Gdynia and Sopot the upper limit may not exceed 20%, whereas in Warsaw and Poznan - 15% of investment outlays)
    Employment grants - up to EUR 4,000 per one job created. The total value of assistance is however limited to the 2-year cost of labour of the new employees
    Training grants - up to EUR 1,150 per one employee
    Grants for infrastructure development which are provided to the county (gmina) administration for upgrading infrastructure related to the new investment

    Investors who benefit from the investment grants are eligible also for other forms of support, such as: tax relieves in Special Economic Zones, local tax relieves etc., however the total value of grants and other kind of public aid offered to the investor cannot exceed 50% of the investment outlays.

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