Poland joined the EU in 2004, 15 years after the end of the communist era and has pursued a policy of economic liberalization. The privatization of small and medium sized companies and a liberal law on establishing new firms has encouraged the development of the private business sector.
Poland receives the one of the largest pools of EU funding for development and infrastructure which makes it very attractive to foreign investors. Poland’s market size (it is the largest in central Europe) along with its location in the heart of Europe creates an ideal opportunity for business development.
Key benefits of Poland:
- Poland is a member of the EU, EEA, the World Trade Organisation and the OECD. As an EU member Poland is required to comply with all EU directives and regulations.
- Polish exchange rules are harmonized with EU legal standards and there are no limits on capital flows between Poland, the EEA and OECD member countries.
- Poland is a strong, politically stable economy with a highly educated workforce
Have the Many Benefits of Offshore Banking Left the Industry Open to Abuse?
The overseas banking industry is a billion-dollar business. Its no surprise that during the last decade, criminals have discovered ways to circumvent and exploit the system, ultimately giving the offshore world a bad reputation. This article looks at the many benefits associated with overseas banking; and how this has left the industry open to abuse.