20 Years of Special Economic Zones in Poland
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KPMG IN POLAND 20 years of Special Economic Zones in Poland A Guide to SEZs kpmg.pl Honorary Patronage: Contact KPMG offices in Poland KPMG Sp. z o.o. Warsaw Gdańsk ul. Chłodna 51 ul. Chłodna 51 al. Zwycięstwa 13a 00-867 Warsaw 00-867 Warsaw 80-219 Gdańsk T: +48 22 528 11 00 T: +48 22 528 11 00 T: +48 58 772 95 00 F: +48 22 528 10 09 F: +48 22 528 10 09 F: +48 58 772 95 01 E: [email protected] E: [email protected] E: [email protected] Marek Gajdziński Kraków Katowice Audit al. Armii Krajowej 18 ul. Francuska 34 Partner 30-150 Kraków 40-028 Katowice Head of Industry Specialisation T: +48 12 424 94 00 T: +48 32 778 88 00 Programme F: +48 12 424 94 01 F: +48 32 778 88 10 E: [email protected] E: [email protected] E: [email protected] Paweł Barański Poznań Łódź Tax Advisory ul. Roosevelta 18 al. Piłsudskiego 22 Director 60-829 Poznań 90-051 Łódź E: [email protected] T: +48 61 845 46 00 T: +48 42 232 77 00 F: +48 61 845 46 01 F: +48 42 232 77 01 Kiejstut Żagun E: [email protected] E: [email protected] Tax Advisory Director Wrocław E: [email protected] ul. Bema 2 50-265 Wrocław Fatima Joanna Mohmand T: +48 71 370 49 00 Legal F: +48 71 370 49 01 Advocate, Senior Associate E: [email protected] E: [email protected] Mariusz Strojny Knowledge Management & Research Senior Manager E: [email protected] Magdalena Maruszczak Marketing & Communications Director E: [email protected] kpmg.pl Authors: Paweł Barański, Rafał Krzyżak, Marcin Mańkowski, Adrianna Modzelewska, Fatima Mohmand, Mariusz Strojny, Anna Teresińska, Kiejstut Żagun, Filip Żuchowski © 2014 KPMG Sp. z o.o., a Polish limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG Sp. z o.o. Contents 1 Foreword 5 2 Introduction 7 3 Poland as an investment destination 9 3.1 Why Poland? 9 3.2 Sources of support for entrepreneurs 11 4 Special economic zones in Poland 15 4.1 What are special economic zones? 15 4.2 Legal acts regulating the operation of SEZs in Poland 16 5 Incentives and exemptions for investors in special economic zones 19 5.1 Income tax exemption 19 5.2 Eligible expenditures of a new SEZ investment 21 5.3 Real estate tax exemption 21 5.4 Obtaining a SEZ permit 21 6 Profiles of special economic zones operating in Poland 23 6.1 Kamienna Góra Special Economic Zone for Medium Business 24 6.2 Katowice Special Economic Zone 26 6.3 Kostrzyń-Słubice Special Economic Zone 28 6.4 Legnica Special Economic Zone 30 6.5 Łódź Special Economic Zone 32 6.6 Pomeranian Special Economic Zone 34 6.7 Słupsk Special Economic Zone 36 6.8 Special Economic Zone Euro-Park Mielec 38 6.9 Kraków Technology Park Special Economic Zone 40 6.10 „Starachowice” Special Economic Zone 42 6.11 Suwałki Special Economic Zone 44 6.12 Tarnobrzeg Special Economic Zone 46 6.13 Wałbrzych Special Economic Zone 48 6.14 Warmia-Mazury Special Economic Zone 50 7 20 years of Special Economic Zones in Poland 53 8 Methodology 57 © 2014 KPMG Sp. z o.o. is a Polish limited liability company and a member firm of the KPMG network of independent of network KPMG the of firm member a and company liability limited Polish a is o.o. z Sp. KPMG 2014 © member firms affiliated with International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. rights All entity. Swiss a International’), (‘KPMG Cooperative International with affiliated firms member 4 | 20 Years of Special Economic Zones in Poland A Guide to SEZs Billions of złotys, thousands of jobs, Polish and foreign capital operating hand in hand – this is the result of two decades of special economic zones in Poland. © 2014 KPMG Sp. z o.o. is a Polish limited liability company and a member firm of the KPMG network of independent of network KPMG the of firm member a and company liability limited Polish a is o.o. z Sp. KPMG 2014 © member firms affiliated with International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. rights All entity. Swiss a International’), (‘KPMG Cooperative International with affiliated firms member 20 Years of Special Economic Zones in Poland | 5 A Guide to SEZs 1 Foreword ‘20 years of SEZs’ Concentration of companies operating in closely related sectors Special Economic Zones: Putting the wind in the sails became a natural starting point for business clusters. Many SEZs have developed a specialisation in specific industries. The Legnica and Katowice SEZs have a prevailing component It was with great pleasure that I welcomed the initiative to from the automotive industry, the Mielec SEZ houses the prepare a new guide to special economic zones in Poland. I am Aviation Valley, and the Pomeranian SEZ hosts an ICT cluster. convinced that the guide drawn up by KPMG will prove to be a In turn, the Wałbrzych SEZ is a preferred choice for producers of useful source of information for investors looking to commence household appliances whereas the furniture sector is growing business activity within a SEZ. in the Warmia-Mazury Special Economic Zone. Nearly two decades ago Poland embarked on the path to Science & technology parks are becoming an important democratic transformation, opening its doors to foreign element in the Polish business landscape. Operating at the capital and offering opportunities to Polish entrepreneurs interface of business and research, they are instrumental in as well. Exactly 20 years ago the Parliament adopted the act diffusing state-of-the-art technologies, supporting growth establishing special economic zones. Soon afterwards, this and creating new jobs. Collaboration between a science turned out to be a highly effective tool to support Polish and & technology park and a SEZ reflects a natural symbiosis foreign investments. between their actors. Today, we know that special economic zones have evolved into Last year, the Polish government took a quantum leap in its an instrument which helps to boost the appeal of regions as efforts to address the needs of the business community, and investment destinations. This, in turn, translates into economic extended the zones’ period of operation by another six years, recovery and reduced unemployment. After two decades of until 2026. Today, we are about to see an amended version of SEZs in Poland we can say that they have become a flywheel the act on special economic zones. Experts assert that the new of change and modernisation for the country’s economy. provisions will most likely attract new projects and boost the appeal of Polish regions further. While many associate SEZs with large multinational corporations, in reality the majority of their investors are small Billions of złotys, thousands of jobs, Polish and foreign capital and medium companies. Contrary to stereotypes, Polish operating hand in hand – this is the result of two decades of entrepreneurs really thrive in SEZs. Nearly 20% of the capital special economic zones in Poland. We are about to commence invested in the zones in 2013 originated from Poland, 15% the new 2014-2020 Multiannual Financial Framework in the EU, from Germany and 12% from the USA. Therefore, special where Poland has received a sizeable sum of EUR 82.5 billion. economic zones are not simply a place where companies get Let us make the most of this opportunity! tax exemptions and foreign players receive incentives, but they are also an excellent way to support local businesses. Sławomir Majman President of the Polish Information and Foreign Investment Agency © 2014 KPMG Sp. z o.o. is a Polish limited liability company and a member firm of the KPMG network of independent of network KPMG the of firm member a and company liability limited Polish a is o.o. z Sp. KPMG 2014 © member firms affiliated with International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. rights All entity. Swiss a International’), (‘KPMG Cooperative International with affiliated firms member 6 | 20 Years of Special Economic Zones in Poland A Guide to SEZs © 2014 KPMG Sp. z o.o. is a Polish limited liability company and a member firm of the KPMG network of independent of network KPMG the of firm member a and company liability limited Polish a is o.o. z Sp. KPMG 2014 © member firms affiliated with International Cooperative (‘KPMG International’), a Swiss entity. All rights reserved. rights All entity. Swiss a International’), (‘KPMG Cooperative International with affiliated firms member 20 Years of Special Economic Zones in Poland | 7 A Guide to SEZs 2 Introduction This year will mark 20 years since the adoption of the Act on Special Economic Zones (SEZs) in Poland. Under conditions of global competition, the zones remain one of the key tools for boosting Poland’s appeal and ensuring the further growth of our economy.