One of the most important factors of success is being open to change. Change is the driving force of development. But bad changes, for example in terms of tax increase, and introducing them too often isn’t good neither for investors nor for the long-term well-being of Poles.
With regard to Polish law concerning companies, in my opinion the number of changes has been far too excessive in the last few years (PPK, Biała lista przedsiębiorcow, ZUS and VAT increase & others). As a result, the employment costs are rising rapidly, and foreign investors are less likely to choose Poland as their place for investments. Additionally, some of the changes have been introduced in a big rush. The unknown future (Will ZUS rates keep rising, or not? What about freelance contracts?) and lack of stability in taxes & social contributions make it more difficult for entrepreneurs to make decisions about investing their capital in Poland. Estimating future costs & budgeting are difficult because the amount of taxes & social contributions in the coming years are unpredictable.
Clear and stable law is a very important factor when investors decide where to set their business. For that reason, I have come up with a few ideas on changes and improvements in Polish law, which would make our country more attractive for investors and, as a result, continue to create jobs in Poland to the benefit of all its citizens!
I am speaking from an entrepreneur’s perspective and I will relate to changes, which could make Poland even more competitive compared to other European or Asian countries, Poland’s competitors.
It should always be one of the key priorities for the Polish government to remain a ‘promised land’ for entrepreneurs & multinational companies, motivate them to invest in Poland, develop business in our country, as it creates jobs and boosts GDP, stimulates social progress and increases happiness & well-being of citizens.
Take a look at the Whitepaper I have written together with a team of experts from Sii, pointing out which aspects would have the biggest impact on investors locating their capital in Poland.
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Tres interesting Mr Nitot. Thanks for sharing it!