= Doing Business reform making it easier to do business. = Doing Business reform making it more difficult to do business.
Poland made property registration faster by introducing a new caseload management system for the land and mortgage registries and by continuing to digitize the records of the registries.
Poland made paying taxes easier for companies by promoting the use of electronic filing and payment systems—though it also made paying taxes more costly by increasing social security contributions.
Poland made enforcing contracts easier by amending the civil procedure code and appointing more judges to commercial courts.
Poland strengthened its insolvency process by updating guidelines on the information and documents that need to be included in the bankruptcy petition and by granting secured creditors the right to take over claims encumbered with financial pledges in case of liquidation.
Trading Across Borders:
Poland made trading across borders faster by implementing electronic preparation and submission of customs documents.
Poland amended its bankruptcy and reorganization law to simplify court procedures and extend more rights to secured creditors.
Poland eased property registration by computerizing its land registry.
Starting a Business:
Poland simplified business start up by reducing the required amount of minimum capital from PLN 50,000 to 5,000, and the National Court Register now consolidates the applications for registration, Tax, Social Security, and Statistics.
Poland improved access to credit with an amendment to the 1996 Act on Registered Pledges and the Pledges Register to allow all legal persons including foreign entities to have capacity as a pledgee. Poland improved its credit information system by collecting and distributing information on firms.
Poland eased the tax burden on business by decreasing its social security rates, as well as simplifying its VAT law.
Poland eased the process of dealing with distressed companies with an amendment to its bankruptcy law introducing an option of opening a pre-bankruptcy reorganization procedure that applies to companies that are facing financial difficulties instead of bankruptcy proceedings.
Poland introduced the Law on Trustee Licensing tightening professional requirements for administrators. A trustee’s license now requires an examination in economics, law, finance and management. The reform also limits trustees’ pay to 3% of the bankrupt estate’s value, down from 5%.
Poland made registering property cheaper by changing the fee scheme from a variable rate to a fixed fee schedule.
Poland made enforcing contacts easier by making rules of procedure stricter.