Extending of special economic zones in Poland

On Tuesday government approved draft legislation about extending Polish special economic zones (SSEs) – which are administratively separated parts of the territory in which economic activity may be conducted on preferential terms. Enterprises located in SSE  may receive, among others public aid in the form of tax exemptions.

“Set up in 1994, the SSEs currently span 0.08 percent of Polish territory. They were originally designed to stimulate investment and eliminate high structural unemployment. At the end of 2016, there were 2,263 valid permits issued for conducting economic activity in SSEs, with investors having injected PLN 112.3 billion (EUR 27.1 billion) into them and employing over 332,000 staff.”, according to Polish Press Agency.

“The aim of the changes is to expand the offer of attractive investment sites for potential investors,” the Ministry of Entrepreneurship and Technology explained in a statement.”

source: PAP