Poland is ranked second in Europe with most complex regulations governing business
10:43
Only in one European country running a business is more difficult than in Poland according to the TMF Group report “Global Business Complexity Index 2021”. This art is more difficult only in France.
Poland is ranked second in Europe and tenth in the world among countries with the most complex regulations governing business, which were analyzed by TMF Group experts, and their conclusions are included in the report “Global Business Complexity Index 2021”.
"Poland’s worst-ever score in terms of ease of doing business is due to frequently changing laws, little transparency about how they are applied and a smaller package of facilities for foreign investors than in other countries. The time of the pandemic did not help either, but it should be remembered that all countries struggled with this issue, and unfortunately we did not fare well against them," stressed Joanna Romańczuk, managing director of TMF Group in Poland.
The report also notes that the main challenge for Poland is to simplify the administrative requirements for businesses and take steps towards full digitization and unification, following the example of the Nordic countries.
The Global Business Complexity Index 2021 report included an analysis of key areas of business administration and compliance in 77 jurisdictions. This year’s edition looks at accounting and tax regulations, HR and payroll, and issues related to the global management of business entities.
