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ARTICLE · 12 SEPTEMBER 2018

Polish Investment Zone Launched

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The PSI, the new system of tax incentives for investors replacing the previous system of special economic zones (SSE), was effectively inaugurated on 5 September 2018 with the long awaited key secondary legislation...

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The Polish Investment Zone (PSI), the new system of tax incentives for investors replacing the previous system of special economic zones (SSE), was effectively inaugurated on 5 September 2018 with the long awaited key secondary legislation implementing the Act on Support for New Investments published in the Official Journal (items 1698 and 1713) and coming into force on that date. Also published were regulations delegating the powers to grant support and monitor investors' compliance with the aid decisions to the authorities managing the various regions forming the PSI.

There are now no legal obstacles to those wishing to formally apply for support from the PSI or to decisions being made in this regard. The decision-granting procedure is expected to take no more than one or two months, but this is early days yet and only time will tell just how long and complicated the procedure will actually prove to be.

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