Poland as the destination for Shared Services Centers

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14 Poland as the destination for Shared Services Centers It is also worthwhile to mention that the Polish Government is playing an active role in counteracting the effects of the economic crisis. In January 2009 it presented a so called “anti-crisis package”, i.e. a set of measures aimed at ensuring economic growth (incl. tax relief for direct investors), stability of the banking sector (incl. mechanisms for bank bailout), as well as creating appropriate conditions for companies to gain access to necessary capital (incl. credit guarantees). 2 .4 FDI and key investors in Poland Since the collapse of the communist systems in 1989, Poland has attracted numerous international investors. During the last five years some of the world’s largest companies have invested in Poland, including LG Philips LCD, Bridgestone, Dell, Sharp, Whirlpool, Gillette, Cadbury Schweppes, MAN Trucks, LG Electronics, Toshiba, CapGemini, Shell, ABN Amro, HSBC, Hewlett-Packard, Lenovo, IBM, Reuters or Google 6 . According to estimates from the National Bank of Poland, the value of foreign direct investment in Poland reached the level of EUR 16.6 billion in 2007, more than in any other country in the CEE region. The initial estimations show that as a result of the global financial crisis in 2008 the total foreign investment inflow has decreased to EUR 11.2 billion. However, Poland still remains one of the top business locations in the world. According to a survey prepared by the intergovernmental body UN Conference on Trade and Development, Poland is the world’s 11th most attractive economy for the location of FDI behind China, India, the US, Russia, Brazil, Vietnam, Germany, Indonesia, Australia, Canada, Mexico and the UK 7 . The attractiveness of Poland is also confirmed by the fact that according to Global Services magazine’s Top 50 Emerging Global Outsourcing Cities 2008 special research report, Cracow was indicated as the fifth best place to locate an outsourcing center in the world preceded only by cities in Asia. That represents an improvement of 11 positions in comparison to the report’s 2007 edition and Cracow is expected to continue moving up the ranking. Table 3 Foreign direct investments inflow to Poland (billion EUR) 2004 2005 2006 2007 2008 estimation Amount of FDI inflow 10.305 8.260 15.576 16.582 11.150 Source: National Bank of Poland (NBP), 2008 6 Polish Information and Foreign Investment Agency (PAIiIZ) – projects concluded in the period of 2004 - 2008. 7 World Investment Prospects Survey 2008-2010, United Nations Conference on Trade and Development. © 2009 KPMG Sp. z o.o. a Polish limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
Chart 2 Structure of foreign direct investments inflow to Poland in 2007 Germany 17,05% France 10,73% Netherlands 10,48% Other 29,73% Source: National Bank of Poland (NBP), 2009 Poland as the destination for Shared Services Centers 15 Luxembourg 6,07% Austria 5,46% USA 5,04% Sweden 4,90% UK 3,70% Spain 3,46% Malta 3,39% Poland offers a system of incentives that increases the attractiveness of the country (for more details see section “Incentives for investors”). In addition, companies investing here benefit from the current policy of the Polish Government, which promotes foreign investors as important contributors in the modernization and rationalization of activities in various economic sectors, particularly in the manufacturing industry (including high-tech), transportation, communications, banking and environmental protection. In recent years, many regional shared services centers and R&D centers have been established in Poland contributing to the expansion of the innovation background and finally allowing for the creation of a modern economy based on knowledge. Future inflow of FDI will depend largely on the development of the service sector and will be influenced by the 2012 UEFA European Football Championships (commonly referred to as EURO 2012) 8 and possible entry into Euro Zone. 8 Poland will host the event together with the Ukraine during the summer of 2012. © 2009 KPMG Sp. z o.o. a Polish limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
Page 1 and 2: Poland as the destination for Share
Page 3 and 4: Contents Poland as the destination
Page 5 and 6: Foreword Poland as the destination
Page 7 and 8: 1 Introduction Poland as the destin
Page 9 and 10: 2 Why Poland attracts investors 2 .
Page 13: Poland as the destination for Share
Page 17 and 18: 2 .5 Infrastructure Poland as the d
Page 19 and 20: 2 .6 Human capital Poland as the de
Page 21 and 22: 2 .7 Labor costs Poland as the dest
Page 23 and 24: 3 Poland as the destination for Sha
Page 27 and 28: 4 Shared Services Centers in Poland
Page 31 and 32: 4 .2 .2 Delphi Company overview Pol
Page 33 and 34: 4 .2 .4 Samsung Company overview Ye
Page 35 and 36: 4 .3 Case study - Hewlett-Packard P
Page 37 and 38: 5 Poland as the destination for Sha
Page 39 and 40: 5 .1 Kraków (Cracow) Skawina 44 94
Page 45 and 46: 5 .2 Lublin 17 19 Official website
Page 49 and 50: 5 .3 Łódź Pabianice 14 72 71 Ozo
Page 51 and 52: Labor market Poland as the destinat
Page 53 and 54: 5 .4 Poznań 92 5 11 Luboń Officia
Page 55 and 56: Labor market Employment in enterpri
Page 57 and 58: 5 .5 Szczecin Kołbaskowo 13 31 Szc
Page 59 and 60: Labor market Employment in enterpri
Page 61 and 62: 5 .6 Trójmiasto (Tri-city) 20 Offi
Page 63 and 64: Dwellings completed (2008) 6,436 Dw
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Poland as the destination for Share
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5 .7 Warszawa (Warsaw) Pruszków Ł
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5 .8 Wrocław 94 Official website o
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Labor market Employment in enterpri
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6 Why Poland as the Poland as the d
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7 Legal aspects of Poland as the de
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7 .4 Contracts 7 .4 .1 Polish law o
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7 .6 .3 Major rules and regulations
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KPMG services Poland as the destina
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KPMG in Poland Warsaw ul. Chłodna
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