President signs single economic zone bill

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President Andrzej Duda has signed the bill making the entire territory of Poland one large Special Economic Zone, instead of the 14 currently existing ones and covering 25,000 hectares (0.08 percent of the country’s area), which offer tax breaks for investors settling there.

The new regulation will allow investors to enjoy tax breaks for 10-15 years, for both large and small enterprises, depending on the location of the investment, its nature and the quality of workplaces created. Investments in medium-sized cities will be incentivized more. Thanks to the new law, SMEs will no longer have to relocate to SEZs or invest in locations far away from their current seat. Jadwiga Emilewicz, minister of entrepreneurship and technology, stressed that the new law will “eliminate the procedure of changing the boundaries of SEZs, which is long-lasting and a burden on the entrepreneur.”

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