Poland is situated in Central Europe, it also allows individuals from another country to migrate into the country for business purposes among other reasons for migration.
Business immigration
The term business immigration refers to the legal and administrative procedure that permits a person to move from one nation to another to work or do business.
Polish citizenship
Business-minded individuals can run their legal businesses without a Polish citizenship and as time goes by they can acquire it.
Residence permit
This can be achieved by meeting the requirements such as owning a business that either employs at least two people or produces an income that is at least twelve times the average pay in the nation.
People involved in business immigration
Here is a different set of people who migrate for different types of businesses, they are:
Entrepreneurs
An entrepreneur is an individual who owns, and manages, a startup. They do not mind moving to another nation to grow their businesses and have several streams of earnings.
Investors
An individual or group of individuals who spends time, money, and energy on something, majorly for the benefits and profits. They can invest in anything, so far they can get their profit in the long run.
Channels where investors can invest
Here are different channels where investors can closely invest their resources:
- Buying shares in companies.
- Foreign investors can jointly own business ventures with local investors, called partnerships.
- Buying properties.
- Engaging in the acquisition of valuable metals.
- Accounts that provide a high rate of return on savings.
Risk of doing business in Poland
Life they say is a risk, also there are certain decisions we make in life that incur more risk like business decisions. Major risks in the country are as follows:
- Currency fluctuation.
- Inflation.
- Accessing funds.
How to overcome these risks
Here are some ways to overcome this risk and sometimes avoid them:
- Manage currency risk.
- Monitor inflation.
- Consider other financial options.
Immigration steps to take and documents that would be needed
Here are several steps to take and each document that would be needed or required by the authorities, to have a smooth sail:
Language
Communication is key, so before any process begins an interpreter is needed if the migrant does not understand Polish. And the payment for the interpreter is by the migrate.
Register your company
This is mainly for people who want to start a company in Poland, it has to be registered in the country and follow the due process.
Legal assistance
This is divided into two, if the migrant wants to stay longer there will be a need for a legal practitioner to be involved in purchasing a house, renting, or leasing one.
Legal assistance
The second part is to be on the ground throughout the registration process, there will be a lot of documents to sign and also to be drafted. So a legal practitioner will be of great aid, so as not to make mistakes.
Get an extract from the court
After registering a company, you need to get an extract from the Competition Register of the Court. The document will be the foundation for a national visa and getting a residence permit.
Business visa
This is particularly true for non-European Union citizens. To apply for this you need to submit certain credentials like company registration documents among others.
Accommodation
Housing is vital, the location is going to be basically on the budget and preference of the owner. There are expensive and also affordable houses in the nation, so a house agent will be needed to ease the process.
Open a bank account
Opening a local bank account is as important as you would in dealing with the country’s currency majorly as business personnel.
Arrival
When you arrive, settle in and kick-start your plans. But make sure to submit the necessary documents to the involved authorities.
After following the whole process and noting the important things, the process would be fast and done with ease.
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