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Poland

The ISO code of Poland is PL according to ISO 3166 standard. The local name of the country is Polska. Warsaw is the capital city of Poland. The official language of Poland is Polish. In the year 1945, Poland emerged as a sovereign political entity. The largest cities in Poland are Warsaw, Katowice.

Poland is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Poland is .pl. Other domains assigned to Poland are .eu. The International dialing code for Poland is +48. People in Poland drive on the right side of the road. Total land area of Poland is 312 679 km2. Poland is not a landlocked country.

Poland is located in the eastern part of Europe. Poland is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Poland faces various issues including serious air pollution steming from sulfur dioxide emissions from coal-fired power plants, and the resulting acid rain that causes forest damage, water pollution from industrial and municipal sources is also a problem, as is disposal of hazardous wastes, pollution levels should continue to decrease as industrial establishments bring their facilities up to EU code, but at substantial cost to business and the government.

Doing business in Poland

We offer various corporate services in Poland jurisdiction. These services can serve both, people coming from Poland and foreigners. If you plan on doing business in Poland you might be interested in contacting us.

To find out about starting your business in Poland click on company formation in Poland.

To find out how to open a bank account in Poland and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Poland.

Choose preferred service below or continue reading to find out more about Poland.

Company formation Bank account (Corporate) Available banks Bank account (Private)

Demographics of Poland

The total population of Poland is 38 484 000 people. In Poland, the population density is 123 people per square kilometer (320 per square mile). Because of this statistic, this country is considered to be crowded. The ethnic diversity is almost uniform according to a fractionalization scale which for Poland is 0.1183. Poland has 663 755 million foreign immigrants. The median age is approximately 39.5 years. In Poland, 65 in every 100 people use internet. Poland has a Human Development Index (HDI) of 0.834.

The main religion of Poland is Christianity. Poland is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Poland.

Culture of Poland

People in Poland speak Polish language. According to data on inbound tourists in Poland, 15 800 000 tourists arrive in the country each year. The first McDonalds in Poland was opened on 17 June 1992 One of the most popular national dishes of Poland is bigos. To read more click on culture of Poland.

Geography of Poland

Poland is considered a large nation because of its total area. Its total land area is 312 679 km2 (approx. 120,726 mi2). Poland is located in the eastern part of Europe. Its capital city is Warsaw. Poland has 7 neighbouring countries. Its neighbours include Belarus, Czech Republic, Germany, Lithuania, Russia, Slovakia, Ukraine. Total length of land borders of Poland is 2788,00 kilometers (~1,732 miles).

The highest point of Poland is Northwestern peak of Rysy with its official height being 2499 m (8199 ft). Including land mass and EEZ, the total area of Poland is approximately 342 476 km2 (~132,231 mi2). The most notable natural resources found in Poland are coal, sulfur, copper, natural gas, silver, lead, salt, amber, arable land. To read more click on geography of Poland.

Economy of Poland

The currency of the country is Polish złoty. The symbol used for this currency is zł, and it is abbreviated as PLN. 7% of population in the country are unemployed. The total number of unemployed people in Poland is 2 732 363. Each year, Poland exports around $202.3 billion and imports roughly $207.4 billion. The Gini Index of the country is 34.1. Poland has a Human Development Index (HDI) of 0.834. The Global Peace Index (GPI) for Poland is 1.43. Poland has a government debt of 54% of the country's Gross Domestic Product (GDP), as assessed in 2012. Poland is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Poland is $ 959 845 billion. Each year, consumers spend around $320 196 million. The ratio of consumer spending to GDP in Poland is 61%, and the ratio of consumer spending to the world consumer market is 1%. The corporate tax in Poland is set at 18%. Personal income tax ranges from 0% to 32%, depending on your specific situation and income level. To read more click on economy of Poland.

Infrastructure of Poland

Infrastructure quality in Poland is rated to be at 3.08. In Poland, 100% of the population has access to electricity. There are 13 265 000 internet hosts in Poland. Poland has 126,00 airports nationwide. The logistics performance index of Poland is 3.49. Tracking possibilities for shipments are rated at 3.54. To read more click on infrastructure of Poland.

Politics of Poland

Poland is a parliamentary republic. With regard to political and civil freedoms, Poland is 1. The head of the government is Andrzej Duda.

According to the World Bank Group, the government effectiveness index of Poland is 0.82. In Poland, the legislative power is vested in a national assembly. The Global Peace Index (GPI) for Poland is 1.43. The strength of legal rights index for Poland is 7. Poland is a member of the United Nations (UN). On 24 October 1945, it joined the UN at its inception date as a full member state. Poland is one of the original UN member states who founded the organization. Poland is a member of the European Union (EU). On 1 May 2004, it joined the EU as a full member state. Poland is a member of the World Bank. To read more click on politics of Poland.

Environment of Poland

Poland emits 8.3 metric tons per capita of CO2. 90 000 km2 of Poland's territory is covered in forests, and forest land comprises 29% of all the land in the country. To read more click on environment of Poland.

Company formation in Poland

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Poland.

When establishing a company in Poland, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Poland that will affect the establishment and growth of one's business. Contact us or click on company formation in Poland to read additional information when setting up a business.

Bank account opening in Poland

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Poland. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Poland, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Poland or contact us.