Paying for employment
Foreign investors are to be paid from €500 to €1,000 (zł.2,100 to zł.4,200) for every new job they create in Poland.
At the moment, financial support for foreign investors is conditional on a declared amount of investment. However, these amounts are often difficult to verify. Now aid will depend on the number of new jobs an investor creates in Poland.
The potential investors will have to fulfill demanding conditions to win the grants. The project, which is being prepared by an interdepartmental team, supervised by the Deputy Minister of Economy, Mirosław Zieliński, will not necessarily make life easier for investors in need of support.
The golden rule will be, the more jobs, the higher the grants for each of them. Only those investors who guarantee at least 100 new jobs will be allowed to apply for the grant. Other thresholds are 250, 500 and 1,000 new positions. Each grant will be 10 percent higher if the new position requires higher education on the part of the candidate. Locating a plant in an area where the unemployment rate is above the country's average will pay another 10 percent.
Only after the new jobs are created, will the grant be paid. However, if a position is liquidated within less than five years, the money will have to be returned. In practice, the applications will be processed within six weeks and the final decision concerning the allocation of grants will be taken by the government.
Fulfilling all the requirements does not mean that the grants will be allocated automatically.
The grants will be the only form of subsidy in cash offered to foreign investors. At the same time, it will still be possible to apply to the government for infrastructure aid or price abatement. The favorable conditions in the Special Economic Zones should also continue to encourage investors from abroad.
(A.B., Rzeczpospolita)
At the moment, financial support for foreign investors is conditional on a declared amount of investment. However, these amounts are often difficult to verify. Now aid will depend on the number of new jobs an investor creates in Poland.
The potential investors will have to fulfill demanding conditions to win the grants. The project, which is being prepared by an interdepartmental team, supervised by the Deputy Minister of Economy, Mirosław Zieliński, will not necessarily make life easier for investors in need of support.
The golden rule will be, the more jobs, the higher the grants for each of them. Only those investors who guarantee at least 100 new jobs will be allowed to apply for the grant. Other thresholds are 250, 500 and 1,000 new positions. Each grant will be 10 percent higher if the new position requires higher education on the part of the candidate. Locating a plant in an area where the unemployment rate is above the country's average will pay another 10 percent.
Only after the new jobs are created, will the grant be paid. However, if a position is liquidated within less than five years, the money will have to be returned. In practice, the applications will be processed within six weeks and the final decision concerning the allocation of grants will be taken by the government.
Fulfilling all the requirements does not mean that the grants will be allocated automatically.
The grants will be the only form of subsidy in cash offered to foreign investors. At the same time, it will still be possible to apply to the government for infrastructure aid or price abatement. The favorable conditions in the Special Economic Zones should also continue to encourage investors from abroad.
(A.B., Rzeczpospolita)
