Poland has the second largest economy in Central Europe and one of its most important industry is the automotive one. This sector in Poland is one of the most developed, comprising petrochemicals, machine tools, electrical machinery, ship-building and car manufacture (which is almost entirely for exporting).
1. Second place worldwide in manufacturing output
Polish Automotive sector ranks second when talking about manufacturing output firstly because of the relatively inexpensive human resources. The workforce is highly qualified in the Polish automotive industry which is especially due to the education system in the country that prepared people for work in this area and many of them study in technical schools (engineering, mechanics etc).
2. EU Funds granted to foreign investors
In Poland, as a foreign entrepreneur, you can apply for funds from various programmes
(OP) of the European Union. Some of these programmes also apply for the automotive sector
. Our specialists in company formation
can provide you with further information about these programmes.
3. Exemptions from corporate income tax in Poland
Under certain conditions, entrepreneurs can be exempted from Corporate Income Tax
(CIT) in Poland or benefit from the state aid available for foreign investors. This value is calculated at 30% to 50% of eligible costs for a large company and for a small one it can get to 70%.
4. Wide range of investment choices in Poland
Poland's automotive sector is strongly connected to other segments of the economy as well. Thus, foreign entrepreneurs have an expanded range of areas to choose from when thinking of investing in the automotive industry. Also , this particular sector has enjoyed the presence of major international companies, such as Fiat, Opel, Volkswagen, Toyota, Volvo and Scania AB.
5. Fair cost-to-quality ratio and major vehicle producer
The Polish automotive sector accounts for approximately 10% of its total industrial production, representing about 4% of GDP. This area of industry hires over 130,000 employees, producing around 900,000 light vehicles per year. Poland also offers a fair cost-to-quality ratio and a stable and predictable economy altogether.