Success tips when doing business in Poland
Healy Consultants recommends our Clients to read below to better understand the business culture and environment in Poland before commencing their business operations.
- Polish businessmen are generally formal and quiet. Hence, expect their communication behaviour to be more reserved at the first meeting. However, Poles tend to be decisive and do not appreciate small talks;
- Most Poles can speak more than one language where Russian, German and English being the most prominent foreign languages spoken. Hence, it is ideal if our Client can converse in one of the above foreign languages if they are unable to speak Polish;
- Individual titles such as “Mr” and “Miss” are still commonly used in Poland as the Poles regard it as being polite and respectful. Our Clients therefore should not use the first name when addressing a Pole unless invited to do so.
- The Poland government focuses on innovation to raise productivity and reducing reliance on cheap labour through the Strategy for Responsible Development. This aims to boost domestic investments and improve current business conditions. Consequently, our Clients who can contribute to innovation in Poland will be seen favourably to the Government;
- Poland is one of the top prospective location for businesses (not only in the CEE region but in Europe as a whole) between 2004 and 2015; Foreign Direct Investment in Poland has increased from €67 bn to over €204 bn. Businesses are attracted to Poland due to the following reasons:
- Poland has access to the EU single market of over 38 million customers;
- With a system of incentives (from domestic and EU sources), many foreign investors can tap and benefit from these incentives.
Interesting facts about Poland?
- The total length of Poland’s land and sea borders is 3,496km, and total surface area is 312,685sq km. This makes Poland the ninth largest country in Europe;
- One-third of Poland is covered with forest, with 50% of the land dedicated to farming. The country enjoys 9,300 lakes, 23 National Parks and one desert;
- The official currency is the Zloty (PLN), which translates as ‘gold’;
- Poland is predominantly Roman Catholic, with approximately 90% of the population. Other minority religions are Orthodox (1.3%) and Protestant 0.4%;
- Poland is derived from the name “Polska”, a west Slavic tribe that united several surrounding Slavic groups in the 9th-10th century A.D.;
- According to the World Bank, Poland is facing an ageing population crisis and the median age is expected to be 51 in 2050.