Why is it so profitable to invest in Poland?
Almost 10 years ago, in 2010, large companies began to transfer a part of their business to Poland. Since then, many world analysts have asked themselves a big question: Why is it so profitable to invest in Poland? Because the benefit could not be compared with any other country in the European Union and there should have been a reason for this.
There are several answers to this question that reveal fully why Poland is so good and why the amount of investment continues to grow from year to year.
✓1. The ability to open your business in the European market with a total audience of 500 million people and potential customers.
Poland is in 6th place among all European countries in terms of size. The central location and the presence of strategic borders greatly help Poland and make it one of the largest and most favorable markets throughout Europe. Moreover, the main routes and communications intersect right here, and development does not standstill. Recently, the construction of a new airport was announced, the capacity of which will be increased to a record 45 million passengers. This will have a positive impact not only on the transportation of people but also on export-type freight, since this way it is possible to reach more than 500 million consumers all over the world.
✓2. Local labors are well educated, therefore this industry is gaining momentum and receiving more and more popularity.
Every year the number of successful university graduates in Poland is steadily increasing. Today, the share of such graduates accounts for about 10% of all European students, while higher education is a goal for almost half of the country’s young population. It’s amazing how Polish students are educated and multifaceted: they attend not only regular courses but are always interested in extracurricular activities. There are a lot of student associations in Poland, sports are popular among young people, the study of foreign languages is actively promoted and a variety of auxiliary works is conducted. One can imagine how much everything such a workforce can do and what is capable of, in the basic skills of which there are high learning ability and the presence of at least three foreign languages in free possession. It is also worth noting a high degree of organization, focus on results and activity of the young generation.
✓3. Find modern premises for doing business in Poland (in particular, office space).
Another unobvious but rather tangible plus of Poland is a large number of good and modern office space. Today in Warsaw and other cities of the country, there are about 5 million square meters of usable storage space & 34% of all these premises are located in the city center. In addition, in recent years, the trend of growth in the activity of developers has been rapidly gaining momentum. It is very good that they take care of access to water and electricity while optimizing all operating costs and help save as much as possible, reducing heat generation and heat loss.
✓4. Payments are still made mainly in local currency – Zloty – and their exchange rate will surprise you a lot.
On the territory of Poland, they still hold the opinion that it is necessary to pay in the national currency, which is called Zloty. The European Union has been negotiating payments for the past 14 years, while the independent Polish currency is exactly what helped the country to survive the crisis and achieve success. Investors may be frightened at first but almost immediately surprise and fear fade into the background, as soon as it turns out that the exchange rate to the Euro is quite high (4.3), and purchasing power instantly increases compared to other economic powers. It’s hard to believe but this is all about Poland: an excellent quality workforce, modern workspaces, cheap prices, a high exchange rate, and a steady growth of the economy. It is very difficult to refrain from continuing to invest in Poland but these are not all arguments. The European Union allocates huge funds to Poland – 82.5 billion were allocated in the period 2014-2020. These are really the largest allocations in the history of the European Union. At the same time, funds are available for foreign investors; there are no restrictions on this account.
✓5. Transportation communication of Poland and Europe
The Republic of Poland has borders by both sea and land. Poland has crossing borders with 7 States. The Northern borders of the country cover the coast of the Baltic sea. Poland is adjacent to the following States: the Czech Republic; The Republic of Slovakia; Ukraine; Germany; Belarus; Russia; Lithuania. Also Poland has a strategic highway that connects Poland and Asia - "The New Silk Road through Poland"
✓6. With active work with investments, you will get much more than planned and your expectations will fade in comparison with reality.
By investing in Poland, you can easily encounter a dynamic startup environment. There are many people with high ambitions, who have an incredible desire to move forward – it inspires. This may seem dangerous but an incredible amount of new horizons will open up for you and your business will become even more successful, even if you were counting on success. We are sure it will be much more than expected.
By continuing to think about potential markets, you run the no risk of considering Poland as an option. According to statistics, 97% of investors remain fully satisfied with the decision to enter the Polish market for work, so they continue to promote Poland as a very successful (if not the most successful) platform for investment.
For a long time, Poland has been and still remains a very popular country for foreign investors. Over time, this trend is only growing and does not plan to stop. You can use your chance to join the most successful global companies – they have already achieved success and continue to consolidate it. Let your decision to invest in Poland be not only profitable but a part of bigger and more useful business strategy.
Article prepared based on materials of the statistic data authority GUS - Głowny Urząd Statystyczny
