According to this year's study published by TMF Group Poland, it was ranked 4th in Europe among the least business friendly countries. There's no surprise. This is the 3rd time we've achieved specified a bad consequence in a row. Globally, it's not much better. Here our country ranks 12th in 78 classified countries.
According to the authors of the report, the most hard business in the planet is in France. The ranking leader is the Cayman Islands (UK subsidiary territory), while the major countries are Denmark and the Netherlands. Thus, even in the European Union, business-friendly conditions can be created. All you gotta do is want. And to realize that wealthy citizens are a prosperous country.
According to ceo.com.pl, TMF Global Complexity Index 2023 reported that 78 jurisdictions account for 92% of global GDP and 95% of net abroad direct investment. They compared 292 annually monitored indicators on key aspects of the conduct of business in the field of administrative rules and ensuring compliance of business with legal regulations put before entrepreneurs planning to run their business on the selected market.
For the 3rd time in a row Poland was included in a group of 4 countries, in which the most hard business in Europe. On the Old Continent, the conditions more hard to run than on the Vistula River have entrepreneurs in France, Greece and Italy, countries that have besides maintained their disgruntled positions compared to last year's list.
France besides won the title of a country where the world's hardest business. She replaced Brazil in this position, which fell to 3rd place and which has been the ‘leader’ of the ranking for the last 2 years. The second most hard country in the planet is Greece.
Among the biggest obstacles of Poland to being a business friendly country, TMF experts The group shows complex reporting standards, advanced costs that companies gotta bear to adapt to changes in regulations that are frequently introduced in besides short a time for business, and advanced formal requirements – legal requirements for investors compared to another countries. A crucial challenge for those reasoning about doing business in Poland is besides the complicated staff and wage regulations. Regrettably, this is simply a correct diagnosis.
Of course, specified reports reflect only the formal state – legal and not actual. This is much more interesting. Although Poland is an unfriendly country for tiny and medium-sized enterprises, mainly home entrepreneurs, it can be amazingly hospitable to any abroad investors. As for entrepreneurs recruiting from “refugees”. The level of "friendliness" and subsidiarity of the state towards the banking sector, on the another hand, is unimaginable.
So, as we see, there are groups of entrepreneurs who cannot complain about interaction with the Polish state administration. besides bad they're not native entrepreneurs.
Przemysław Piasta
