Transcript Prezentacja programu PowerPoint

POLISH INFORMATION
AND FOREIGN INVESTMENT AGENCY
Doing Business in Poland
Mr Paweł Stelmaszczyk
Vice-President of the Polish Information
and Foreign Investment Agency
Tokyo, September 2008
Presentation plan
I. Poland’s economic performance
II. Investment climate
III. Foreign Direct Investment
IV. Major Japanese Investors in Poland
V. Polish Information and Foreign Investment Agency
Poland- Economic facts
Area:
312 000 sq km – 6th in European Union
Population:
38,12 million –
Currency:
Polish Zloty (EUR 1 ~ PLN 3.4)
GDP total:
USD 440 billion
Membership:
Zone
EU, NATO, OECD, WTO, Schengen
GDP growth:
6,6% (2007)
6th in European Union
Strategic location between West and East
1000 km radius
250 mn people
2000 km radius
550 mn people
• located in the heart of continental Europe
• the part of the single market of 500 million
• the springboard to the East
• population of 250 million within a 1000 km radius
• competitive cost base offers significant location benefits
Stable and fast economic growth (GDP in bn USD)
Schengen
Poland joins
the EU
500
Entry into
the NATO
400
OECD
WTO
300
200
Beginning of
transformation
100
Source: International Monetary Found, World Economic Outlook Database, Oct 2007
20
04
20
05
20
06
20
07
*
20
08
*
20
01
20
02
20
03
19
97
19
98
19
99
20
00
19
94
19
95
19
96
19
91
19
92
19
93
19
89
19
90
0
Poland
6.0%
Euroarea
EU27
•
GDP growth in 2007 – 6.6%, over 20062007 – 6% (2nd best in OECD countries)
•
Domestic demand - the main factor
behind the growth
•
Average unemployment rate declined
in 2007 to 13.8% and in Q2 of 2008 went
down to 9.5%
4.0%
2.0%
0.0%
2007F
Low inflation and low interest rates
• Contained inflationary pressure
• Direct inflation targeting since
1999;
since 2004 permanent
inflation target 2.5% +/-1%
Source: Ministry of Finance, NBP
CPI
NBP reference rate
8.0%
6.0%
4.0%
2.0%
0.0%
20
02
• after acceleration of inflation
in 2007 due to high domestic
demand and pressure on wages
in 2008 at 4%
10.0%
20
07
2006
20
06
2005
20
05
2004
20
04
2003
20
03
2002
Poland will receive 67,5 bn EUR from the EU budget
(2007-2013)
Presentation plan
I. Poland’s economic performance
II. Investment climate
III. Foreign Direct Investment
IV. Major Japanese Investors in Poland
V. Polish Information and Foreign Investment Agency
Most attractive locations for future investments
Poland
Germany
Russia
France
Romania
Hungary
UK
Spain
Bulgaria
Italy
Czech Republic
18%
16%
12%
11%
10%
9%
9%
8%
8%
7%
7%
Source: Ernst&Young, 2008
Poland offers 20 mn entrepreneurial and multilingual
young people
• 87% of students can communicate in a foreign language
• 50% of the population is less than 35 years old, 35% under 25
• a nationwide network of 448 universities and polytechnics
Percentage of population in higher education
in the 20-29 age group
29
26,7
Number of students in selected countries
in 2006/2007 (in thou.)
Poland
24,9
22,3
22,2
2118
Spain
19,3
16,6
13,2
1804
Romania
738
Hungary
436
Sl
ov
ak
ia
lic
Re
pu
b
Cz
ec
h
Ire
la
nd
US
A
ng
ar
y
Hu
s
er
la
nd
Ne
th
an
y
er
m
G
Po
la
nd
Czech Republic
Lithuania
195
Ireland
186
Slovakia
181
Latvia
Estonia
Source: EIU, Eurostat
336
130
68
It is easy to start a business in Poland
140
120
Short time needed
to start a business
115
98
100
88
80
65
53
60
31
45
40
20
0
Poland
Germany
France
Hungary
Czech
Republic
Slovakia
Spain
Low number of procedures
Nature of Procedure (2004)
Notarize company agreement
Deposit capital in the bank
Apply for REGON number
Register for tax number
Register for VAT
Register at Register of Entrepreneurs
File amended application for "REGON" number
Register for National Work Inspection
Register for national sanitary inspection
Register for social security
Total:
* T his proc e dure runs s imulta ne ous ly with pre v ious proc e dure s .
Source: World Bank, Doing Business 2006
Duration
in days
1
1
1
24
0*
25*
1
1
1
1
31
Possible forms of business
 Companies:
Limited Liability
Company
Joint-stock Company
 Partnerships:
Registered partnership*
Professional
partnership*
Limited partnership
Limited joint-stock
partnership*
Civil partnership*
 Entry in the Business Activity
Register (Private enterprise)*
 Branch Offices*
 Representative Offices
* by reciprocity
European Union – Corporate Income Tax
EU COUNTRIES
CIT
FRANCE
33.43%
SPAIN
30%
THE UK
28%
GREECE
25%
CZECH REPUBLIC
21%
SLOVAKIA
19%
POLAND
19%
GERMANY
15,825%
Vs.
ASIAN COUNTRIES
CIT
JAPAN
30%
INDIA
30%
MALAYSIA
28%
CHINA
25%
REPUBLIC OF KOREA
25%
Source: KPMG
Investment incentives available to investors in Poland
CIT Exemption
•
•
•
•

•
•
•
•
•
•
A special economic zone (SEZ) is a designated area in
which manufacturing or distribution activities can be
conducted on preferential terms (total of 20 000 hectares)
The purpose of SEZs is to support regional development
SEZ operate until 2020
Permits to conduct activities in SEZ are issued by the
authorities of each SEZ
Benefits from obtaining a permit to conduct activities in SEZs
eligibility for income tax exemption – a form of regional aid
plot of land prepared for an investment project, available at a competitive price
free assistance in dealing with formalities relating to investment project
exemption from real estate tax
grants for employee training programmes
grants for the creation of new jobs
Regional Aid Map in Poland 2007 - 2013
40%
50%
40%
50%
40% till 2010
30% as of 2011
50%
50%
40%
Warszawa City
30 %
50%
40%
50%
50%
50%
40%
50%
50%
Due to relatively lower GDP level in Poland the levels of admissible state
aid are higher than in most other EU countries
Polish students confirm the quality
of education system
ACM is the oldest, largest, and most prestigious
programming contest in the world
In 2007 the Warsaw University team
has taken the 1st place among 1582
universities from 71 countries.
2007 Microsoft Imagine Cup
Polish programmers have taken three 1st places out of
nine categories. Distinction for application with the
biggest business potential.
2007 Europe Merrill Lynch Investment Challenge
A four-person group from Warsaw School of Economics (SGH) won the
prestigious Europe Merrill Lynch Investment Challenge 2007 final, beating
200 teams from whole Europe.
2007 Society of Automotive Engineers
In 2007 SAE contest (Fort Worth – Texas)
the Warsaw University of Technology team
has taken the 2nd place international and 1st place in
Europe
Source: ACM 2007www.microsoft.com 2007, PAP – Polish Press Agency 2007, SAE, Gazeta Wyborcza 2007
Presentation plan
I. Poland’s economic performance
II. Investment climate
III. Foreign Direct Investment
IV. Major Japanese Investors in Poland
V. Polish Information and Foreign Investment Agency
Foreign Direct Investment inflow in 2000-2007
25,0
23,3
USD bn
19,8
20,0
15,0
10,0
13,1
10,4
9,3
5,7
5,0
4,1
4,6
2002
2003
0,0
2000
2001
2004
2005
2006
2007 *
*estimated value of FDI based on the 11 months of 2007 and the assuming
capital in transit at the 2006 level (USD 4,3 bn)
Source: National Bank of Poland
In 2007, the annual inflow of FDI
was EUR 12.8 billion
15198
12834
10334
10453
* Initial data
8317
6372
4371
2000
2001
2002
14.7%
Other
countries
85.3%
EU
Source: NBP
4067
2003
2004
2005
2006
2007
Majority of FDI in Poland is coming from EU
countries. The Netherlands is the largest
foreign investor in Poland. On the next places
are: Germany, France, Luxembourg and USA.
Manufacturing is the most popular sector
among all foreign companies operating in
Poland but services – especially those based
on knowledge - are growing very fast.
Income of companies generated by FDI in Poland (in bn USD)
12,0
10,0
8,0
6,0
4,0
2,0
0,0
-2,0
2002
2003
Dividend
Reinvested profits
Investment income (interest)
Direct investment income
Source: National Bank of Poland
2004
2005
2006
I-IX 2007
Manufacturing still dominates in FDI flow to Poland
Sectoral inflow of FDI to Poland (in EUR mn) at the end of 2007
3028,8
Others
2566,8
Manufacturing
Real estate&
business activities
2541,1
Financial
intermediation
Trade and repairs
Transportation &
communication
Source: NBP
1963,6
1527,2
1206,3
Automotive industry is the leading branch of Polish
industry in terms of foreign investors’ interest
FDI inflow to manufacturing sector (in EUR mln) at the end of 2006
5250,5
production of vehicles
production of food, beverages and tobbaco's
products
4828,6
production of m etals and m etal products
3417,3
production of w ood, cellulose and paper
3363,5
production of chem icals
3203,5
production of rubber and plastic products
production of radio, TV and com m unication
equipm ent
Source: NBP
2673,6
836,2
FDI in Poland in 2006
Other activities
11%
Manufacturing
24%
Real Estate &
Business Activity
38%
Financial
Intermediation
11%
Trade and
Repairs
16%
Source: National Bank of Poland
Poland - the largest number of jobs created by FDI
in 2006 in Europe
Number of projects 2006
Job creation 2006
Source: Ernst &Young European Attractiveness Survey 2007
Presentation plan
I. Poland’s economic performance
II. Investment climate
III. Foreign Direct Investment
IV. Major Japanese Investors in Poland
V. Polish Information and Foreign Investment Agency
Poland – destination for Japanese investments
Map of Japanese Companies in Poland
J-Power
(windfarm)
Suruga Seiki
(precision parts)
Bridgestone (tire)
CRYSTAL PARK:
Sharp (LCD module)
Orion Electric (LCD TV)
Sumika, Tokai Okaya, Sohbi Craft,
U-Tec, Tensho Denki,
Kimoto, Toppan
Fuji Seal (label, package)
Słupsk
Gdańsk
Ajinomoto (noodle)
Panasonic Batteries
Bridgestone (tire)
Calsonic (car
air conditioner)
Szczecin
Stargard Szczeciński
BTM UFJ, ORIX
Toruń
SEWS (wiring harness)
Funai Electric (liquid
TBMECA (intake manifold)
Warszawa
Kutno
Mszczonów
Leszno
Nowa Sól
Nifco (plastic parts)
AKS (precision bearing ball)
YAGI (hub bearing)
Daicel Safety Systems
(airbag inflator)
Bridgestone (caterpillar)
Błonie
Gniezno
Poznań
crystal television)
Sanden (car air conditioner)
Małkinia
Górna
Polkowice
Ostrów Wlkp.
Radom
Legnica
Świdnica
TAKATA Petri (airbag, handle)
TMMP (gasoline engine)
Toyota Tsushou
(aluminium molding)
NSK Power
Steering
TMIP (diesel engine)
NTK (ceramic tools)
Fuji Seiko (manufacturing
tools)
Wrocław
Kielce
Jelcz Laskowice
Żarów
Wałbrzych
Wolbrom
Katowice
Gliwice
NGK (other
non-metal goods)
Kotani (fabricated
metal products )
Toyo Seal Industries
ISUZU Motors
Kraśnik
Tychy
Kraków
Żywiec Niepołomice
SEWS (wiring
harness)
Nidec
(power steering)
(trading companies, sales agen
construction companies)
MOI Tech (engine belt)
MCTI Warehouse
management
Danfoss Saginomiya
(air conditioner)
YKK (fastener)
Toho Kogyo
(bearing parts)
Tsubaki Hoover
(bearing)
NSK ISKRA (bearing)
TRI (car antivibration devices)
NSK (Needle bearing)
Fujitsu Kyushyu (software)
Euro comfort (feather)
NYK Logistics
Sumitomo Corp. (trading)
Trade volume between Poland and Japan export (mn USD)
200
189
180
180
171
160
140
120
100
93,5
80
70,6
59,8
58,5
60
55,3
43,1
40 38,6
35,3
20
0
1996
1998
2000
2002
2004
2006
Source: Ministry of Economy
mn USD
Trade volume between Poland and Japan import (mn USD)
2500
1992 2076
2000
1711
1500
1269
1000
828
735
mn USD
1040
927 988 938
500 521
0
1996
1998
Source: Ministry of Economy
2000
2002
2004
2006
Presentation plan
I. Poland’s economic performance
II. Investment climate
III. Foreign Direct Investment
IV. Major Japanese Investors in Poland
V. Polish Information and Foreign Investment Agency
Investment process
Considering of investment
Strategic corporate decision regarding new
investment, destination of investment
Long list of countries
Analysis of macroeconomic, social and
political conditions of the countries,
general legal and financial analysis
including investment incentives system,
fact finding missions
Short list
Short list of countries, choice of
locations, detailed legal and
financial analysis, investment
incentives system’s analysis,
negotiations with central and local
authorities, finding the potential
partners
Investment decision
Agency’s offer
• Promotion of Poland through marketing
campaigns, investment seminars, work-shops,
study tours
• Investment marketing, company visits
• Co-operation with Polish Embassies abroad
• Project Managers assistance
• Site visits offered to investors
• Providing macroeconomic and sector data,
information on financial incentives offered by
central and local governments, Special Economic
Zones and EU funds
• Assistance in obtaining financial support from
the state government
• Co-operation with Special Economic Zones
• Date base of suppliers and business partners
• Network of Regional Investor Assistance
Centers
• Real estate data base
• After-care services
• Ombudsman for foreign investors
We kindly invite you to cooperation
00-585 Warszawa, ul. Bagatela 12
tel. (+48 22) 334 98 00, fax (+48 22) 334 99 99
e-mail: [email protected]