The most ridiculous thing I have read in the mass media lately is the a list of the best countries to start a business or to do business. The is absurd. They list countries like Norway and Canada and Denmark and Switzerland as top.
This is crazy. They talk about stable law and tax codes etc. This is pure madness. Let me explain. The people writing the articles are journalists at best. I only have a masters in Economics but I am an entrepreneur. I am running my own business. The last place I would go is a high cost, high tax area, regardless of how stable the tax laws are.
Place to start a business
The best place to start a business – Poland
The highest cost of connected starting or setting up any business is labor. In Poland you have people with PhDs and Masters that will work hard, with creative minds for 3 Euros an hour. Will anybody do that in Canada or Denmark or soft France? Poland’s tax rate is 19% on business, with tax breaks for new and foreign businesses, while the USA, Britain, France, Germany its 40%. Other countries are upset with Poland as they have not “harmonized” their tax rates with the west. Absurd. Low taxes are good, high taxes bad.
What about Scandinavia, even higher taxes and higher labor costs. Maybe five times the rate of Poland, and these western countries have a worker shortage, while Poland and Eastern Europe has a worker surplus and a capital shortage. Read Adam Smith when there is free movement of labor and capital and a condition like this exists. Then you will figure out where the best country to start a business is.
What about infrastructure, Internet etc. Everything is new in Poland. Everyone is plugged into the internet, Poland is being pumped with EU money to rebuild its infrastructure.
What about accounting and laws. Very easy. Its called an accountant. Hire an accountant. Laws are EU laws. Accountants are pennies in Poland. Same laws, better labor for 1/5 the price. Very cheap. To start a company it could take one day and a few hundred dollars. Language-English is the second language in Poland, no language problem.
If anyone, wants to argue with me I am here. Can you honestly say that entrepreneurs are running to high priced Denmark to start a company? Why is Google and other major firms opening in Poland and not Norway? Price. Cost of labor. What is the best country to start a business? Poland. When you see these articles about the best place to start a company, do not believe them unless they tell you the best place to start a company is in Eastern Europe.
217 responses to Best country to start a business
Starting a business in Poland
I am Egyptian, and live in Egypt with my wife, our child has 7 months, I lived and worked in Poland for a period of 3 years, from 2003 to 2006,I am interested to start a business in Poland (Hairdresser),where my wife mastered this work, please show me, how do I establish a company? How do I register and stay with my family there? Can anyone trustworthy company and can be relied upon to help formulate the company and the requirement to obtain a visa? How long does it take to record? What will be the cost and fees and laws? And what is the cost of rent a small apartment in almost a month, as well as accommodation expenses
Please reply me to my email,
Thanks,
To live in Poland you need about 2000 dollars a month for a family. Really 1000 Dollars is OK. Rent is about 400 dollars, utilities about 100 dollars and food like 300 dollars. But this all depends on how you live. Transportation is public and life is really nice in Poland. The key is you have to have a visa or nothing is go. You need an EU visa.
Poland is the EU you can work as a hairdresser and market yourself and make 1000s a month or just cut hair and make little. It is like anywhere else in the world.
open a business in Poland
Hi Mark, thanks so much for your reply,I am waiting for your response to the possibility of my going to Poland with my wife and our son, And the possibility to open a business in Poland? And a license in my name? And so I can get a permanent residence for us, is the Polish laws allow it? And what are the procedures and conditions? How can i start that ? Thanks (;
Shop in Poland
Hi Yasser, I think you have bleak chances of getting into Poland with an idea of opening up a Barber Shop. There are plenty of them and some of them are closing down as per my information! Seeking a PR on the basis of opening a Barber Shop won’t land you anywhere.
Start a business in Poland
Hello Mark,
I saw your comments and I am really impressed with all your knowledge regarding the Polish market.
I am thinking about starting a business in Krakow and would like to know if you can help me in get some guidance.
Would it be OK for you? If so could you give me your email address?
Best Regards,
Ana
Copyright situation in Poland
Hi Mark and everyone,
Could you or someone clear my question, how about the copyright situation in Poland?
I am talking in the context of computer.
For example, software (Word, Excel), do you need to buy it legally or just copy from a friend? In China, get free windows office is common thing.
Ink for printer, do you need to buy from legal places or just get it roughly from few Euros?
Please help to clear.
Thank you
Legal software in Poland
Although there is a large market called Gilda on Saturday morning in every major city in Poland that sells the latest and greatest software for little money, like 10 Polish Złoty, I recommend free software alternatives. I am not joking or saying this to be self righteous. The trend in Poland is to be legal and the youth are going this way. I think the authorities do not care much either way except symbolically about illegal software. Yet I recommend legal software. I use 100% legal on my computer and I run a few businesses. In this year I can not imagine why anyone would pay for software unless they really had to. I prefer LibreOffice to Ms Office. I refer a few versions of Linux to MAC OS. No OS is as fast as Puppy Linux. I Prefer Pixlr to Photoshop and if I need to do something complicated I use GIMP or Paint.net or Scribus. Really there is an alternative that will work just as good if not better. The world has changed everything is done on in the browser. Why bloat your system with the latest version of Adobe. I design things and even professionally and this is Adobe is bloatware. Be clever and find an open source or free alternative and it is liberating. I would not use Adobe CS if someone gave it to me 100% legal and free. It slows down my computer. I would rather do things in the browser.
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