Start-up in Poland

New Growth

New Growth

Starting a new business in Poland is a real challenge. The dice really are loaded against young businessmen. Over a relatively short period of time, there have been many positive changes in the law, but Poland is still far behind western European standards. Several years ago, setting up a new company was almost impossible. People wasted their time filling in masses of documents, going from one office to another. Furthermore, ZUS (Social Insurance Board) contributions and taxes were an additional burden for young businessmen. Nowadays, you are able to open a new company in one day, but tax rates are still a problem. In 2012, ZUS and VAT rates increased which was a blow to young businessmen wanting to open new companies. A new company pays a small ZUS contribution for first year, but later rates become excessively high. The problem seems to be significant, because many companies hire employees on temporary contracts not full-time ones. They pay labourers a minimum wage and the rest of the wage is paid under the table. The procedure is simple. If companies pay their employees less, they will pay less ZUS.
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