In the first half of the year, investment projects with a total value of more than PLN 3.7 billion were started in the Special Economic Zones. In total, 106 investment permits were issued. “These excellent results confirm that Special Economic Zones are one of the key solutions that increase Poland’s attractiveness for investors,” says Joanna Choromańska, a JLL expert.
The Katowice Special Economic Zone managed to meet its objectives for the whole of 2016 in the first half of the year. The Katowice SEZ has attracted 13 investors since January, with the value of new investments exceeding PLN 1 billion. The largest investors in Katowice SEZ include: IFA Powertrain Polska from Germany, Sekonix from Korea, Guardian Częstochowa from the US, Toyo Seal Poland from Japan, as well as Baby Design Group, a Polish SME company which chose to relocate part of its production from China to Poland.
Investment projects with a total value of more than PLN 480 million will be implemented in the Suwałki SEZ. This is an exceptionally large amount for one of the smallest zones, where a year ago the total value of finalised investment projects since the establishment of the zone was less than PLN 2 billion – emphasises Rzeczpospolita.
Other zones have also seen six months of growth. Contracts for more than PLN 500 million were concluded by the Mielec SEZ. The Kraków SEZ attracted 11 investments with a total value of almost PLN 400 million, while the Łódź SEZ managed to secure contracts for more than PLN 370 million.
Originally, most zones were supposed to operate until 2016 or 2017, but twice in their 20-year history it was decided that their operation should be extended. In 2013, the Council of Ministers issued a regulation under which the SEZs will exist until 31 December 2026. There are 14 special zones in Poland. The area of a SEZ cannot exceed 25,000 ha.
“The basic benefit of investing in a Special Economic Zone is the possibility of obtaining a tax allowance consisting in a corporate income tax exemption,” says Joanna Choromańska, a JLL expert. The maximum income tax exemption is related to the value of state aid available to an individual investor for a particular investment project.
From the time the Special Economic Zones were established in Poland until the end of 2015, companies invested about PLN 111.7 billion there.
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