The Science and Technology Park Poland East, Suwałki r

Size: px
Start display at page:

Download "www.ssse.com.pl The Science and Technology Park Poland East, Suwałki 17.06.2015 r"

Transcription

1 The Science and Technology Park Poland East, Suwałki r

2 SPECIAL ECONOMIC ZONE Special Economic Zone is separated, uninhabited area of Polish territory, where business activities under certain conditions can be conduct. Preferential rates are subject to investment conditions for domestic and foreign entrepreneurs

3 SPECIAL ECONOMIC ZONES IN POLAND Area of all special economic zones exceeded 16 ths. hectares (source: MG status at the end of 2013 ) Entrepreneurs operating in the zones created over 287 ths. of workplaces Investments made by entrepreneurs on the economic zones amount to almost ZŁ 100 bilion (USD 27,3 bilion) (source: MG status at the end of 2014r.) source: KPMG i MG

4 Income tax exemption The main benefit resulting from investing in a special economic zones is the possibility of tax relief, which involves the exemption from income tax, which refers to income which is generated from business activity run within the territory of a SEZ on the basis of a permit.

5 Tax Relief Public Aid An entrepreneur investing on Special Economic Zone may obtain public aid due to: cost of new investment and creation of new workplaces. Minimum level of required investment: EUR (USD )

6 Intensity of Regional Aid in Poland Tax Relief The amount of public aid granted in regions depends on its intensity. Such an exemption is valid in consecutive years until the moment the company recovers 50%, 60%, 70% of the value of capital investment made by the entrepreneur till the end of 2026 (life of the zones can be extended). source: MG Intensity of aid is increased by 20% and 10% respectively for the small and medium sized entrepreneurs

7 The Permit A permit to run economic activity on the area of special economic zone is a condition to exercise the public aid in the form of Income Tax Relief. * The Permit to run economic activity * on the Special Economic Zone specifies: Subject of economic activity (in accordance with PKWiU) Employment of a number of employees for a specific period of time Making investment on the zone which exceeds the required minimum Date of finishing of the investment Maximum amount of investment qualified costs and two year labour costs ( up to 150 %)

8 The Permit Ordinance of the Council of Ministers of 10th December 2008 on Public Aid granted to entrepreneurs operating pursuant to a permit to run an economic activity on special economic zones areas defines what is not liable for the permit: The permit is not granted to run economic activity in the following scope: manufacturing of explosive materials, tabacco goods, engine fuels, spirit some services (sewage, waste management), construction works retail and wholesale financial and insurance agency licensed services in the scope of information and communication managing, public administration economic activity which requires power industry license

9 SUWALKI SPECIAL ECONOMIC ZONE Suwalki Special Economic Zone was established in 1996 by the Ordinance of the Polish Government on areas allocated administratively in Suwałki, Ełk and Gołdap. The Zone is managed by the Joint Stock Company with the following shareholders: State Treasury, Ełk Municipality, Gołdap Municipality, Suwałki Municipality. The Minister of Economy vested the Suwalki Special Economic Zone S.A. as the governing body of the zone with the authority to grant permits on its behalf to run economic activities on the zone area and to control the current operation on the companies, in the scope of fulfilment the conditions of the permits Public Shareholding

10 SUWALKI SPECIAL ECONOMIC ZONE Suwalki Special Economic Zone is located in the north-eastern part of Poland in the direct vicinity of the border crossing with the Russian Federation (the Kaliningrad District) and boarders with Lithuania and Belarus.

11 SUWALKI SPECIAL ECONOMIC ZONE Gołdap Currently Suwalki Special Economic Zone covers the area of 375 ha and operates on 7 sub-zones. 4 open areas: - Suwałki (118 ha) - Ełk (127 ha) - Gołdap (57 ha) - Białystok (29 ha) - Grajewo (10 ha) - ŁomŜa (7 ha) - Małkinia Górna (23 ha) Małkinia Górna Ełk Suwałki Grajewo ŁomŜa

12 CREATING NEW SUBZONES In this moment there are finalizing works affecting to enlarge our SSEZ by widening Subzones in Suwalki, Bialystok and Grajewo and by creating new Subzones in: Szczuczyn, Bielsk Podlaski, Siemiatyczy, Czyzew, Hajnowka, Narewka, Nowogrod, Sejny.

13 Trying to meet expectations of entrepreneurs Suwalki Special Economic Zone JSC sells at the disposal of investors industrial grounds, prepared for investment process. Prospective investors can choose among 86 hectares of grounds in Suwałki, Ełk, Gołdap and Białystok characterized by:! Low costs of ready for development land (equipped in complete technical infrastructure with media in lane roads).! Land is sold with the right of ownership.! Local plans for spatial management.! Plots area from 0,5 to circa 40 hectares (plots can be divided for specific needs of an investor). Suwałki Special Economic Zone

14 Suwałki Sub-Zone We offer 23 hectares of fully developed investment area Updated plan of spatial development Possibility of dividing and integrating of land property depending on investor's needs Easy access to international road Via Baltica

15 Ełk Sub-Zone We offer 25 hectares of fully developed investment areas Direct access to railway infrastructure Low costs of land Friendly local selfgovernment

16 Gołdap Sub-Zone We offer circa 4,7 hectares of fully developed investment areas Vicinity of frontier passing with Kaliningrad District Professional support by the staff of the Economic Zone on every step of realization of the enterprise

17 Białystok Sub-Zone We offer 3 hectares of fully developed investment areas decision on conditions of site development- zoning. Vicinity of the frontier passing with Belarus Location nearby the center of one o 60 ha zarazf the major cities in Poland.

18 Łomża Sub-Zone The youngest Sub Zone in SSEZ We offer circa 7,2 hectares of fully developed investment areas Fully developed investment areas

19 OUR SUCCESSES There are 90 firms operating on the Suwalki Special Economic Zone. Entrepreneurs invested over Zł Zł 2,2 bln (596 mln USD ) in production halls, machines and new technologies. Our investors created more than workplaces. Our investors created more than workplaces. The management of the zone incurred expenditures of over ZŁ 22 mln (USD 7 mln) for technical infrastructure 8000 employment Capital expanditure 2, zatrudnienie (Employment) , Wydatki inwstycyjne 5000 (capital expanditure) w mld zł , , ,50 0,00 Data at the end of 2014

20 Suwałki Special Economic Zone Capital value invested by domestic and foreign entrepreneurs on SSSE amounts USD 596 mln $ USD Polish Capital There are 90 entrepreneurs successfully operating on the Suwałki Zone USD Foreign Capital

21 Suwalki Special Economic Zone Our investors conduct economic activity in the following branches: wood processing, plastics processing, metal, electro-machines, construction materials precision mechanics, food processing, electronics, clothing, printing

22 Trustedus:

23 OFFICE IN SUWALKI: Suwałki ul. Noniewicza 49 tel./fax(+4887) , OFFICE IN ELK: Ełk ul. Mickiewicza 15 tel./fax(+4887) ,

SUWAŁKI REGION SUWAŁKI OLECKO EŁK GRAJEWO AUGUSTÓW SEJNY SUWAŁKI 69 316 OLECKO 22 091 EŁK 60 103 GRAJEWO 22 243 AUGUSTÓW 30 482 SEJNY 5 640

SUWAŁKI REGION SUWAŁKI OLECKO EŁK GRAJEWO AUGUSTÓW SEJNY SUWAŁKI 69 316 OLECKO 22 091 EŁK 60 103 GRAJEWO 22 243 AUGUSTÓW 30 482 SEJNY 5 640 SUWAŁKI REGION MAIN CITIES: SUWAŁKI OLECKO EŁK GRAJEWO AUGUSTÓW SEJNY POPULATION: SUWAŁKI 69 316 OLECKO 22 091 EŁK 60 103 GRAJEWO 22 243 AUGUSTÓW 30 482 SEJNY 5 640 Data for 31 XII 2014. SUWAŁKI REGION

More information

Municipality of Koszalin

Municipality of Koszalin Municipality of Koszalin Second biggest municipal centre in the West Pomeranian Province Population approx. 107 993 Area 98.33 km2 Geographical location 2 km in straight line to the Baltic Sea, forest

More information

Guide book. 5 th Business Forum of Baltic and Eastern Markets. Lidzbark Warmiński. 4 October 2013

Guide book. 5 th Business Forum of Baltic and Eastern Markets. Lidzbark Warmiński. 4 October 2013 5 th Business Forum of Baltic and Eastern Markets Guide book Lidzbark Warmiński 4 October 2013 Table of contents 1. About the event... 3 2. Schedule... 4 3. About the Organizer... 5 4. Economic potential

More information

Industrial Park in Zambrów Białystok

Industrial Park in Zambrów Białystok Podlaskie Total area of the 20 187 km 2 voivodeship Number of citizens: 1 188 800 - in urban areas 60.6 % Population per 1 km 2 59 persons/km 2 Principal city Bialystok Bigger cities in the Suwałki, Łomża,

More information

SPECIAL ECONOMIC ZONE EURO-PARK MIELEC LUBLIN SUBZONE

SPECIAL ECONOMIC ZONE EURO-PARK MIELEC LUBLIN SUBZONE SPECIAL ECONOMIC ZONE EURO-PARK MIELEC LUBLIN SUBZONE EURO-PARK MIELEC SPECIAL ECONOMIC ZONE BASIC INFORMATION Lublin subzone LUBLIN SUBZONE Is an integral part of EURO-PARK MIELEC SPECIAL ECONOMIC ZONE

More information

It is worth investing here 2015-03-29 17:51:30

It is worth investing here 2015-03-29 17:51:30 It is worth investing here 2015-03-29 17:51:30 2 In the Łódź voivodeship there are a lot of institutions supporting domestic and foreign investors. Among others, they include: the Regional Investors and

More information

''The construction of the Public Urban Centre in Sikorskiego St. and Legionów Ave. in Łomża

''The construction of the Public Urban Centre in Sikorskiego St. and Legionów Ave. in Łomża ''The construction of the Public Urban Centre 12 10 8 Kolumna 1 Kolumna 2 Kolumna 3 6 4 2 0 Wiersz 1 Wiersz 2 Wiersz 3 Wiersz 4 The location of Łomża The city is located in the north-east of Poland in

More information

Special Economic Zone as the instrument to attract foreign investors to invest in Poland on the example of Kostrzyn Slubice SEZ. Odense,12.11.

Special Economic Zone as the instrument to attract foreign investors to invest in Poland on the example of Kostrzyn Slubice SEZ. Odense,12.11. Special Economic Zone as the instrument to attract foreign investors to invest in Poland on the example of Kostrzyn Slubice SEZ Odense,12.11.2008 Information data Kostrzyn Slubice Special Economic Zone

More information

Doing Business in Russia

Doing Business in Russia Doing Business in Russia www.bakertillyinternational.com Contents 1 Fact Sheet 2 2 Business Entities and Accounting 4 2.1 Companies 4 2.2 Partnerships 5 2.3 Branches and Representative Offices 6 2.4 Individual

More information

Journal of Laws / Dziennik Ustaw (Dz.U), of 2009, No 19, item 100 ACT. on public-private partnership 1. Art. 1.

Journal of Laws / Dziennik Ustaw (Dz.U), of 2009, No 19, item 100 ACT. on public-private partnership 1. Art. 1. Journal of Laws / Dziennik Ustaw (Dz.U), of 2009, No 19, item 100 ACT of the 19 th of December 2008 on public-private partnership 1 Chapter 1 General provisions Art. 1. 1. The Act defines the principles

More information

JOURNAL OF LAWS OF THE REPUBLIC OF POLAND

JOURNAL OF LAWS OF THE REPUBLIC OF POLAND JOURNAL OF LAWS OF THE REPUBLIC OF POLAND Warsaw, 28 June 2012 Item 729 ORDINANCE BY THE MINISTER OF INTERIOR 1 of 20 June 2012 on the detailed information and types of documents to be submitted by a foreigner

More information

How To Develop A City

How To Develop A City Przejrzysta Polska Koszalin and its strong investment points Piotr Jedliński Deputy Mayor of Koszalin 21 October 2010 Koszalin geographic location 6 km in straight line to the Baltic Sea, forest complexes,

More information

Prepared by Mikołaj Rogiński Economic Information Department Polish Information and Foreign Investment Agency S.A.

Prepared by Mikołaj Rogiński Economic Information Department Polish Information and Foreign Investment Agency S.A. The Machinery Sector in Poland Prepared by Mikołaj Rogiński Economic Information Department Polish Information and Foreign Investment Agency S.A. Warsaw, October 2010 The Machinery Sector in Poland ::

More information

Global Stock Options Survey. Wardynski & Partners Poland

Global Stock Options Survey. Wardynski & Partners Poland Global Stock Options Survey Wardynski & Partners Poland CONTACT INFORMATION: Tomasz Wardynski and Danuta Pajewska Wardynski & Partners Ujazdowskie 10, 00-478 Warsaw, Poland Email: tomasz.wardynski@wardynski.com.pl

More information

Ostrów Mazowiecka, 17.03.2015 Dear Sirs and Madams, Dear Shareholders, I hereby present you the Annual Report of the Forte Company for 2014. My pleasure is even bigger as I can inform you, once again,

More information

Expertise of Rödl & Partner specialists + investment in the Kostrzyn-Słubice Special Economic Zone. = a bunch of measurable benefits

Expertise of Rödl & Partner specialists + investment in the Kostrzyn-Słubice Special Economic Zone. = a bunch of measurable benefits Expertise of Rödl & Partner specialists + investment in the Kostrzyn-Słubice Special Economic Zone = a bunch of measurable benefits Kostrzyńsko-Słubicka Specjalna Strefa Ekonomiczna S.A. General information

More information

Industrial Park Safonovo

Industrial Park Safonovo Industrial Park Safonovo Point of creation and application. Industrial Park of composite technologies. Managing company Industrial Park Safonovo LLC Safonovo, Smolensky region May 2014 Project Briefly

More information

Polish Information & Foreign Investment Agency

Polish Information & Foreign Investment Agency Subzone: Wojsław Commune(s): Mielec Subzone area: 47.6 ha Area for sale/lease: 35 ha The Mielec Commune Office Electrical machine industry, printing industry, electronic industry Nearest motorway/fast

More information

Doing Business in Bahrain

Doing Business in Bahrain Doing Business in Bahrain 1/12 General Information Bahrain prides itself on being a premier investment location in the Middle East region. Bahrain s internationally acclaimed strong financial system, economic

More information

Packaging Management Law 5771 2011

Packaging Management Law 5771 2011 1 This is an unofficial translation. The binding version is the official Hebrew text. Readers are consequently advised to consult qualified professional counsel before making any decision in connection

More information

[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010

[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010 [LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN November 1, 2010 Rogers Communications Inc. Dividend Reinvestment Plan Table of Contents SUMMARY... 3 DEFINITIONS... 4 ELIGIBILITY... 6 ENROLLMENT...

More information

POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY. The Golden Sites 2008 Presentation of the top 16 investment sites in Poland

POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY. The Golden Sites 2008 Presentation of the top 16 investment sites in Poland POLISH INFORMATION AND FOREIGN INVESTMENT AGENCY The Golden Sites 2008 Presentation of the top 16 investment sites in Poland Finalists of the III edition of Poland s National Competition Grounds for medal

More information

Privatization in Central and Eastern Europewe

Privatization in Central and Eastern Europewe Privatization in Central and Eastern Europewe ŁukaszZalicki, Partner at Ernst & Young Privatization - what s next Warsaw May 13th, 13 Central and Eastern European Countries - CEECs Czech Rep., Estonia,

More information

Republic of Turkey. Date of acceptance: 9 November 2007 PART 1. Goal, scope, definitions and abbreviations. Goal and scope.

Republic of Turkey. Date of acceptance: 9 November 2007 PART 1. Goal, scope, definitions and abbreviations. Goal and scope. Republic of Turkey Unofficial Translation 1 of the Turkish Law No. 5710 2 Concerning the Construction and Operation of Nuclear Power Plants and the Sale of Energy Generated from Those Plants Date of acceptance:

More information

Law of Mongolia on Concessions

Law of Mongolia on Concessions Economic Policy Reform and Competitiveness Project April 2005 Ulaanbaatar, Mongolia This publication was produced for review by the United States Agency for International Development The views expressed

More information

CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES. Foreign Direct Investment Impact on the Polish Economy. Case Study. Ewa Sadowska-Cieslak

CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES. Foreign Direct Investment Impact on the Polish Economy. Case Study. Ewa Sadowska-Cieslak CASE FOUNDATION CENTER FOR SOCIAL AND ECONOMIC STUDIES Foreign Direct Investment Impact on the Polish Economy Case Study Ewa Sadowska-Cieslak WARSAW November 2000 CASE Foundation Center for Social and

More information

DOING BUSINESS UNITED ARAB EMIRATES. 25 th day of November 2014

DOING BUSINESS UNITED ARAB EMIRATES. 25 th day of November 2014 DOING BUSINESS UNITED ARAB EMIRATES 25 th day of November 2014 EVOLVING LEGAL ENVIRONMENT FOREIGN OWNERSHIP SETTING UP REGULATORY AUTHORITY BUSINESS TYPES TAXATION CONTENTS LLC BRANCH FREE ZONE TRADES

More information

SHARE PURCHASE AGREEMENT No. MSP /... CONCERNING THE PURCHASE OF SHARES OF GÓRNICZE ZAKŁADY DOLOMITOWE S.A. WITH REGISTERED OFFICE IN SIEWIERZ

SHARE PURCHASE AGREEMENT No. MSP /... CONCERNING THE PURCHASE OF SHARES OF GÓRNICZE ZAKŁADY DOLOMITOWE S.A. WITH REGISTERED OFFICE IN SIEWIERZ SHARE PURCHASE AGREEMENT No. MSP /... CONCERNING THE PURCHASE OF SHARES OF GÓRNICZE ZAKŁADY DOLOMITOWE S.A. WITH REGISTERED OFFICE IN SIEWIERZ concluded on... in Warsaw (hereinafter referred to as the

More information

[19.06.02A] Capital Gains Tax. Entrepreneur Relief

[19.06.02A] Capital Gains Tax. Entrepreneur Relief [] Capital Gains Tax Entrepreneur Relief 1. Entrepreneur Relief was introduced by Section 45 of Finance (No 2) Act 2013, which inserted a new Section 597A into the Taxes Consolidation Act 1997 to give

More information

Dz. U. [Journal of Laws] 2004.167.1758

Dz. U. [Journal of Laws] 2004.167.1758 Dz. U. [Journal of Laws] 2004.167.1758 2005-10-01 amended Dz.U.2005.94.788 Article 3 2005-10-24 amended Dz.U.2005.183.1538 Article 185 2008-10-25 amended Dz.U.2008.180.1112 Article 1 2009-01-01 amended

More information

Food Sector in Poland

Food Sector in Poland Food Sector in Poland Economic Information Department Polish Information and Foreign Investment Agency Warsaw 2011 M a r k e t D e s c r i p t i o n a n d S t r u c t u r e The food sector is one of the

More information

Corporate tax relief in Switzerland. Edition 2008

Corporate tax relief in Switzerland. Edition 2008 Corporate tax relief in Switzerland Edition 2008 Contents 3 Introduction Taxes in Switzerland 4 1. Qualifying Dividends and Capital gains 5 2. Newly established companies (tax holiday) 6 3. Holding companies

More information

POLISH LOAN GUARANTEE SYSTEM

POLISH LOAN GUARANTEE SYSTEM POLISH LOAN GUARANTEE SYSTEM 1 SME in Polish Economy 99.78% of all enterprises 96.28% of them are micro-enterprises generate of 49.4% of GDP employ 66.4% of all working people have 64.2% share in sale

More information

Official English translation of the investment law. In the Name of God, Most Gracious, Most Merciful. In the Name of the People

Official English translation of the investment law. In the Name of God, Most Gracious, Most Merciful. In the Name of the People Official English translation of the investment law In the Name of God, Most Gracious, Most Merciful In the Name of the People President s Office - Kurdistan Region - Iraq Pursuant to legislation by the

More information

Individual income tax

Individual income tax International Tax Puerto Rico Tax Alert 12 June 2015 Tax reform enacted Contacts Francisco A. Castillo fcastillo@deloitte.com Ricardo Villate rvillate@deloitte.com Michelle Corretjer mcorretjer@deloitte.com

More information

REGULATION OF THE MINISTER OF ECONOMY 1 of 15 June 2007 on Financial Support granted by the National Capital Fund

REGULATION OF THE MINISTER OF ECONOMY 1 of 15 June 2007 on Financial Support granted by the National Capital Fund REGULATION OF THE MINISTER OF ECONOMY 1 of 15 June 2007 on Financial Support granted by the National Capital Fund Pursuant to Article 14, Section 2 of the Act of 4 March 2005 on the National Capital Fund

More information

Invitation to a public tender to purchase shares of Przedsiębiorstwo Zaopatrzenia Szkół Cezas Sp. z o.o. with its registered office in Białystok

Invitation to a public tender to purchase shares of Przedsiębiorstwo Zaopatrzenia Szkół Cezas Sp. z o.o. with its registered office in Białystok Article archived. Invitation to a public tender to purchase shares of Przedsiębiorstwo Zaopatrzenia Szkół Cezas Sp. z o.o. with its registered office in Białystok The final date for submitting Offers for

More information

Tax incentives for Malaysia as a regional hub and for research and development

Tax incentives for Malaysia as a regional hub and for research and development RELEVANT TO ACCA QUALIFICATION PAPER P6 (MYS) AND PERFORMANCE OBJECTIVES 19 AND 20 Tax incentives for Malaysia as a regional hub and for research and development Malaysia has a wide range of tax incentives

More information

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION February 2012 DAWEI Sea PROJECT Port Project DAWEI AND THE REGION PROJECT LOCATION Kunming India Middle East / Europe Dawei Africa Asia Regional Hub DAWEI Sea PROJECT Port Project DAWEI PROJECT OVERVIEW

More information

Tax exemptions and reliefs and procedures

Tax exemptions and reliefs and procedures TECHNOLOGICAL INDUSTRIAL DEVEPOMENT ZONES IN REPUBLIC OF MACEDONIA Tax exemptions and reliefs and other incentives Technological industrial development zone" means a part of the territory of the Republic

More information

Report of the Supervisory Board of Echo Investment S.A. on the results of:

Report of the Supervisory Board of Echo Investment S.A. on the results of: Report of the Supervisory Board of Echo Investment S.A. on the results of: -assessment of the separate financial statements of Echo Investment S.A. and the consolidated financial statements of Echo Investment

More information

Financing investments supported by EU funds The role of mbank

Financing investments supported by EU funds The role of mbank Financing investments supported by EU funds The role of mbank Jarosław Fordoński Head of European Union Office June 24th, 2015, Zurich mbank in Poland Profile of an innovative universal bank the first

More information

Title of the aid measure (English): The restructuring of the State Treasury liabilities in respect with granted sureties and guarantees;

Title of the aid measure (English): The restructuring of the State Treasury liabilities in respect with granted sureties and guarantees; SUMMARY INFORMATION SHEET ON AID MEASURES IN FORCE ON 1 ST MAY 2004 (EXISTING AID) 1. GENERAL ASPECTS Country: Poland Title of the aid measure (English): The restructuring of the State Treasury liabilities

More information

Definition of Public Interest Entities (PIEs) in Europe

Definition of Public Interest Entities (PIEs) in Europe Definition of Public Interest Entities (PIEs) in Europe FEE Survey October 2014 This document has been prepared by FEE to the best of its knowledge and ability to ensure that it is accurate and complete.

More information

Poland. Clothing. in Eastern. industry. 4 size and structure 4 development centres 4 success story 4 sector potential 4

Poland. Clothing. in Eastern. industry. 4 size and structure 4 development centres 4 success story 4 sector potential 4 Project co-financed from the European Regional Development Fund within the Operational Programme Development of Eastern Poland 2007-2013 Clothing industry in Eastern Poland 4 size and structure 4 development

More information

BRZESKO Commune INVESTMENT OFFER

BRZESKO Commune INVESTMENT OFFER BRZESKO Commune INVESTMENT OFFER BRZESKO COMMUNE BASIC DATA AREA: 102 km2 POPULATION: 36 thousand NUMBER OF COMPANIES: 2169 DISTANCES FROM BRZESKO: Balice International Airport 65 km, Krakow 60 km, Warszawa

More information

Starting business in Russia. Legal and tax framework. Moscow 2015

Starting business in Russia. Legal and tax framework. Moscow 2015 Starting business in Russia. Legal and tax framework Moscow 2015 2 Index LLC v Representation 3 Request for tax assistance for a prospect client (questions on taxation)7 Direct tax regime 7 Indirect tax

More information

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA

HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA HOW TO ESTABLISH A BUSINESS IN BOSNIA AND HERZEGOVINA TABLE OF CONTENTS STARTING BUSINESS IN BOSNIA AND HERZEGOVINA...5 ESTABLISHEMENT OF BUSINES ENTITIES...5 Registration of business entity...5 Establishment

More information

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE Chapter 1 General Provisions In accordance with the Law of the People s Republic of China on Joint Ventures Using Chinese and Foreign Investment (the

More information

GENERAL OVERVIEW OF TAXES, LEVIED IN UKRAINE

GENERAL OVERVIEW OF TAXES, LEVIED IN UKRAINE GENERAL OVERVIEW OF TAXES, LEVIED IN UKRAINE General information on the tax system of Ukraine For the purposes of further discussion we feel it appropriate to provide first brief overview of the tax system

More information

International workshop on country practices in compilation of international merchandise trade statistics, Bangkok, Thailand, 12 15 December 2006

International workshop on country practices in compilation of international merchandise trade statistics, Bangkok, Thailand, 12 15 December 2006 UNITED NATIONS DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS STATISTICS DIVISION International workshop on country practices in compilation of international merchandise trade statistics, Bangkok, Thailand,

More information

Debt collection in Russia

Debt collection in Russia By Andrey Zelenin, Lidings Law Firm Debt collection in Russia Foreign companies doing business in Russia generally have several main options of dispute resolution to choose: (i) international commercial

More information

THE INDUSTRIAL GROUND AT NATIONAL ROAD No 44 IN BIERUŃ

THE INDUSTRIAL GROUND AT NATIONAL ROAD No 44 IN BIERUŃ TOWN OFFICE of BIERUŃ 43-150 Bieruń ul.rynek14 THE INVESTMENT OFFER PHONE: (032) 324-24-25 fax: (032) 216-47-77 email: urzad@um.bierun.pl http://www.um.bierun.pl THE INDUSTRIAL GROUND AT NATIONAL ROAD

More information

Financial results of 2013 Outlook 2014+ 12 March 2014

Financial results of 2013 Outlook 2014+ 12 March 2014 Financial results of 2013 Outlook 2014+ 12 March 2014 DUON benefits from liberalisation of electric energy and gas markets: summary of 2013 +56% increase of revenues to almost PLN 400 m +54% increase of

More information

Innovative textile - industrial cluster of the Ivanovo region

Innovative textile - industrial cluster of the Ivanovo region [land of prospects] [ land of possibilities Innovative textile - industrial cluster of the Ivanovo region [ Ivanovo region] For development of the Innovative textile - industrial cluster of the Ivanovo

More information

98. STOCK EXCHANGE SERVICE

98. STOCK EXCHANGE SERVICE 98. STOCK EXCHANGE SERVICE (A) Date of Introduction: 16.05.2008 vide Notification No. 18/2008-S.T., dated 10.05.2008 (B) Definition and scope of service: "Recognized stock exchange" has the meaning assigned

More information

Session 19 -Taxable acquisitions

Session 19 -Taxable acquisitions -Taxable acquisitions Acquire stock or assets? Assume that Buyer Corporation wants to acquire the business of Target Corporation Target's assets have appreciated and are worth more than their tax basis

More information

Implementation of the EU tax directives in Poland

Implementation of the EU tax directives in Poland Bartosz Bacia Implementation of the EU tax directives in Poland Since Poland joined the EU on May 1 2004, Polish tax law need to be adapted to the EU Council directives for the member states. The new legal

More information

Bystrzyca Kłodzka District. Investment Offer

Bystrzyca Kłodzka District. Investment Offer Bystrzyca Kłodzka District Investment Offer 1 Geographical location and information about the district Lower Silesian Province Kłodzko County Strategic location: national road No. 33 joins Wrocław, Prague

More information

advertise to announce that a product is for sale or that a service is offered in order to encourage people to buy it or to use it

advertise to announce that a product is for sale or that a service is offered in order to encourage people to buy it or to use it Aa Acquisition process by which a company buys another company advertise to announce that a product is for sale or that a service is offered in order to encourage people to buy it or to use it advertiser

More information

CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART. Section 1. FUNDAMENTALS. Chapter 1 General provisions

CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART. Section 1. FUNDAMENTALS. Chapter 1 General provisions CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART Section 1. FUNDAMENTALS Chapter 1 General provisions Unofficial translation Attention: this translation is incomplete and would be updated and revised

More information

General description of Zawiercie

General description of Zawiercie General description of Zawiercie Location ZAWIERCIE Location Zawiercie is situated within a radius of 600 km from six European capital cities and has access to three international airports. It is also

More information

Integration of Bank Pekao SA and Bank BPH SA. Warsaw, 16 November 2006

Integration of Bank Pekao SA and Bank BPH SA. Warsaw, 16 November 2006 Integration of Bank Pekao SA and Bank BPH SA Warsaw, 16 November 2006 AGENDA 1 Integration summary 2 Spin off Plan 3 New Pekao the clear market leader 4 New BPH platform for growth 5 Next steps 1 PREPARATION

More information

Monaco Corporate Taxation

Monaco Corporate Taxation Introduction Monaco is a sovereign principality. France is a guarantor of the sovereignty and territorial integrity of Monaco, while Monaco is to conform to French interests. Although the Prince is the

More information

OFFICIAL GAZETTE OF THE REPUBLIC OF KOSOVA / No. 6/ 12 MARCH 2013, PRISTINA. LAW No. 04/L-159 ON ECONOMIC ZONES LAW ON ECONOMIC ZONES

OFFICIAL GAZETTE OF THE REPUBLIC OF KOSOVA / No. 6/ 12 MARCH 2013, PRISTINA. LAW No. 04/L-159 ON ECONOMIC ZONES LAW ON ECONOMIC ZONES LAW No. 04/L-159 ON ECONOMIC ZONES Assembly of Republic of Kosovo, Based on Article 65 (1) of the Constitution of the Republic of Kosovo; Approves LAW ON ECONOMIC ZONES Article 1 Purpose of Law This Law

More information

Notes to the Quarterly Report for Q4 FY03 1. Accounting principles adopted in the preparation of the quarterly report; information on changes in adopted accounting principles The report has been drawn

More information

State of Wisconsin Department of Revenue Limited Liability Companies (LLCs)

State of Wisconsin Department of Revenue Limited Liability Companies (LLCs) State of Wisconsin Department of Revenue Limited Liability Companies (LLCs) Publication 119 (2/15) Table of Contents 2 Page I. INTRODUCTION... 4 II. DEFINITIONS APPLICABLE TO LLCS... 4 III. FORMATION OF

More information

97. STOCK BROKING SERVICES

97. STOCK BROKING SERVICES 97. STOCK BROKING SERVICES A. Date of introduction: 01.07.1994 vide Notification No.1/1994-ST dt.28.06.1994. A. Definition and scope of service: Recognised stock exchange has the meaning assigned to it

More information

VAT PROFILE, LATVIA. SORAINEN 2012 All rights reserved

VAT PROFILE, LATVIA. SORAINEN 2012 All rights reserved ZAB SORAINEN Kr. Valdemāra iela 21, LV-1010 Riga, Latvia phone +371 67 365 000 fax +371 67 365 001 latvia@sorainen.com VAT reg no LV90002573483 Estonia Pärnu mnt 15, 10141 Tallinn phone +372 6 400 900,

More information

SISTEMA-HALS RELEASES UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR 2009

SISTEMA-HALS RELEASES UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR 2009 SISTEMA-HALS RELEASES UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR 2009 MOSCOW, RUSSIA April 30, 2010 - Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company, announced today its unaudited

More information

CORPORATE GOVERNANCE COMPANY MANAGEMENT STRUCTURE

CORPORATE GOVERNANCE COMPANY MANAGEMENT STRUCTURE CORPORATE GOVERNANCE COMPANY MANAGEMENT STRUCTURE 67 FACT BOOK 2010 COMMITTEES OF THE BOARD OF DIRECTORS 68 FINANCE LUKOIL FINANCIAL POLICY AND SECURITIES Financial policy The main strategic mission of

More information

53. INFORMATION TECHNOLOGY SOFTWARE SERVICES

53. INFORMATION TECHNOLOGY SOFTWARE SERVICES 53. INFORMATION TECHNOLOGY SOFTWARE SERVICES (A) Date of Introduction: 16.05.2008 vide Notification No. 18/2008- S.T., dated 10.05.2008 (B) Definition and scope of service: Information technology software

More information

Tax Considerations Of Foreign

Tax Considerations Of Foreign FIRPTA requires that a buyer withhold 10% of the gross sales price, subject to certain exceptions, and send it to the Internal Revenue Service if the seller is a foreign person. U.S. Taxes Foreign investors

More information

LAW ON FOREIGN EXCHANGE OPERATIONS OF FEDERATION OF BOSNIA AND HERZEGOVINA

LAW ON FOREIGN EXCHANGE OPERATIONS OF FEDERATION OF BOSNIA AND HERZEGOVINA The translation of BiH legislation has no legal force and should be used solely for informational purposes. Only legislation published in the Official Gazettes in BiH is legally binding. LAW ON FOREIGN

More information

PAYMENT CONDITIONS. Effective as of 10.06.2014 1

PAYMENT CONDITIONS. Effective as of 10.06.2014 1 1. Definitions In addition to the terms and conditions provided in the Current Account Contract Conditions and the General Conditions of the Bank, the following definitions are used in these Payment Conditions:

More information

The Warsaw Stock Exchange Rules

The Warsaw Stock Exchange Rules (text consolidated at 20 June 2012)* * 1) The Rules adopted by the Supervisory Board by Resolution No. 1/1110/2006 dated 4 January 2006, as amended by the Exchange Supervisory Board: - by Resolution No.

More information

MAIN PRINCIPLES OF THE STRATEGY ON BUILDING OF WORLD-CLASS UNIVERSITIES IN RUSSIA

MAIN PRINCIPLES OF THE STRATEGY ON BUILDING OF WORLD-CLASS UNIVERSITIES IN RUSSIA Independent Ranking Agency MAIN PRINCIPLES OF THE STRATEGY ON BUILDING OF WORLD-CLASS UNIVERSITIES IN RUSSIA Vladimir Troyan Irina Artyushina Shanghai 2007 Introduction CONTENTS: Concept of the Modernization

More information

Waste management of hazardous waste in Poland

Waste management of hazardous waste in Poland Waste management of hazardous waste in Poland Administrative structure of Poland. There are three levels of administrative structure in Poland: regions (called województwo) sub-regions (called powiat)

More information

Registration of Credit Institutions and the Licensing of Banking Activities

Registration of Credit Institutions and the Licensing of Banking Activities Registration of Credit Institutions and the Licensing of Banking Activities The procedures for registering credit institutions and licensing banking operations, verifying the legitimacy of shareholding

More information

Establishment of a Wholly Foreign-owned Enterprise

Establishment of a Wholly Foreign-owned Enterprise Establishment of a Wholly Foreign-owned Enterprise Wholly foreign-owned enterprises (WFOEs) are entities established under the Law of the People s Republic of China on WFOEs (the WFOE Law ). By definition,

More information

Cross Border Tax Issues

Cross Border Tax Issues Cross Border Tax Issues By Reinhold G. Krahn December 2000 This is a general overview of the subject matter and should not be relied upon as legal advice or opinion. For specific legal advice on the information

More information

CHAPTER II INCIDENCE AND LEVY OF TAX

CHAPTER II INCIDENCE AND LEVY OF TAX CHAPTER II INCIDENCE AND LEVY OF TAX Incidence Tax 3 (1) Liability: - Subject to other provisions of this Act, every dealer - (a) whose turnover during the year immediately preceding the commencement of

More information

INFORMATION ON THE RULES OF THE GENERAL GOOD

INFORMATION ON THE RULES OF THE GENERAL GOOD INFORMATION ON THE RULES OF THE GENERAL GOOD Introduction: This information is aimed at insurance companies from the UE Member States, as well as from the EFTA Member States the party to the European Economic

More information

CHARTER OF PROCHEM S.A.

CHARTER OF PROCHEM S.A. CHARTER OF PROCHEM S.A. (UNIFIED TEXT) GENERAL PROVISIONS 1 The company s trade name is: PROCHEM Spółka Akcyjna [joint-stock company], and the company may use the abbreviated name PROCHEM S.A. 2 The registered

More information

66. MANAGEMENT OR BUSINESS CONSULTANT S SERVICES. (A) Date of Introduction: 16.10.1998 (Notification No.53/98-S.T. dated 07.10.

66. MANAGEMENT OR BUSINESS CONSULTANT S SERVICES. (A) Date of Introduction: 16.10.1998 (Notification No.53/98-S.T. dated 07.10. 66. MANAGEMENT OR BUSINESS CONSULTANT S SERVICES (A) Date of Introduction: 16.10.1998 (Notification No.53/98-S.T. dated 07.10.1998) (B) Definition and scope of service: Taxable Service means any service

More information

TAX DEVELOPMENTS IN POLAND UPDATE 2009

TAX DEVELOPMENTS IN POLAND UPDATE 2009 TAX DEVELOPMENTS IN POLAND UPDATE 2009 WARDYŃSKI & PARTNERS TAX PRACTICE APRIL 2010 1/8 INTRODUCTION The purpose of this report is to present key tax developments in Poland in 2009 which may be relevant

More information

LAW ON INVESTMENT CHAPTER 1. General Provisions

LAW ON INVESTMENT CHAPTER 1. General Provisions NATIONAL ASSEMBLY No. 59-2005-QH11 SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness LAW ON INVESTMENT Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam as amended by

More information

FOR THE PURCHASE OF SHARES OF

FOR THE PURCHASE OF SHARES OF Content of share purchase agreement: SHARE PURCHASE AGREEMENT No. MSP/ FOR THE PURCHASE OF SHARES OF Przedsiębiorstwo Zaopatrzenia Szkół "Cezas" Sp. z o.o. with its registered office in Warsaw concluded

More information

tes for Guidance Taxes Consolidation Act 1997 Finance Act 2014 Edition - Part 13

tes for Guidance Taxes Consolidation Act 1997 Finance Act 2014 Edition - Part 13 Part 13 Close companies CHAPTER 1 Interpretation and general 430 Meaning of close company 431 Certain companies with quoted shares not to be close companies 432 Meaning of associated company and control

More information

Northern Dimension Policy Framework Document (effective as 1 January 2007)

Northern Dimension Policy Framework Document (effective as 1 January 2007) Northern Dimension Policy Framework Document (effective as 1 January 2007) 1. Introduction 1. The Northern Dimension covers a broad geographic area from the European Arctic and Sub- Arctic areas to the

More information

June 2015 MOSCOW REGION INVESTMENT POTENTIAL

June 2015 MOSCOW REGION INVESTMENT POTENTIAL June 2015 MOSCOW REGION INVESTMENT POTENTIAL 2 Moscow Region: Overview Total area 44 340 sq.km North to South length: 310 km West to East length: 340 km Population 7,24 mln. people as of the beginning

More information

0,5% (the bank - issuer of the card has the right to charge additional commission) 2 CASH DEPOSIT FEE 2.1

0,5% (the bank - issuer of the card has the right to charge additional commission) 2 CASH DEPOSIT FEE 2.1 GENERAL TERMS AND CONDITIONS of "DEMIR KYRGYZ INTERNATIONAL BANK" CJSC, applicable to INDIVIDUALS, valid in all Bank's units starting from 4 /04 /204 Service name Commissions / conditions A DEMAND DEPOSIT

More information

Russian M&A review 2008-2012

Russian M&A review 2008-2012 Russian M&A review 2008-202 Deal financing and market structure February 203 «Gazprombank» (Joint Stock Company) TOP 3 largest Russian banks (from total volume, RHS) Key findings Closed M&A deals in Russia

More information

The National Council of the Slovak Republic has adopted the following Act: Article I. 1 Scope of the act

The National Council of the Slovak Republic has adopted the following Act: Article I. 1 Scope of the act Slovak Investment and Trade Development Agency Address: Trnavská cesta 100, 821 01 Bratislava, Slovak Republic Tel.: +421 2 58 260 100, Fax: +421 2 58 260 109, E-mail: invest@sario.sk, www.sario.sk Act

More information

2. Definitions of Terms

2. Definitions of Terms PUBLIC DEBT LAW I. GENERAL PROVISIONS 1. Subject of the Law Article 1 This Law regulates conditions, manner and procedure under which the Republic of Serbia (hereinafter referred to as: the Republic) may

More information

THE MICHIGAN BUSINESS TAX (MBT)

THE MICHIGAN BUSINESS TAX (MBT) Note: As of January 1, 2012, the MBT has been replaced by the Michigan Corporate Income Tax (CIT). Businesses with certificated credits may still elect to file under the MBT structure. See the Michigan

More information

Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks.

Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks. REVIEW OF THE MAIN EVENTS IN THE SPHERE OF TAXATION Lawyers of LF «Dmitrieva & Partners» have prepared the list of top news in the field of taxation for the last two weeks. The amount of daily business

More information

Rules of Doctoral Studies at the Gdansk University of Technology

Rules of Doctoral Studies at the Gdansk University of Technology Rules of Doctoral Studies at the Gdansk University of Technology 1 1. The rules of Doctoral Studies determine the organization and course of studies and the related rights and duties of a doctoral student.

More information

ACT. of 24 August 2001. on Settlement Finality in Payment and Securities Settlement Systems and the Rules of Oversight of these Systems 1)

ACT. of 24 August 2001. on Settlement Finality in Payment and Securities Settlement Systems and the Rules of Oversight of these Systems 1) ACT of 24 August 2001 on Settlement Finality in Payment and Securities Settlement Systems and the Rules of Oversight of these Systems 1) (Official Journal of 25 October 2001) Charter 1 General provisions

More information

Instructions for Completing Wisconsin Schedule I 2014

Instructions for Completing Wisconsin Schedule I 2014 NOTE An individual who elects to claim a different amount of Internal Revenue Code sec. 179 expense deduction for Wisconsin than for federal tax purpose may use Schedule I to report that election. For

More information