Investment process

The investment process is a complex sequence of activities that includes planning, preparation and implementation of investments. It is a process in which entrepreneurs, individual investors or institutions seek to create or upgrade facilities, infrastructure or services in order to achieve specific economic or social benefits. In Poland, the investment process is strictly regulated by laws designed to ensure that investments comply with legal standards, protect the environment and ensure public safety.
Step 1: Prepare the investment
- Market analysis:
- Conduct market research and assess the potential of the sector.
- Identify target customer groups and competitors.
- Consultation with local experts.
- Obtain information on available relief, grants and support opportunities.
- Site selection for investment
- Location: proximity to key infrastructure i.e.: roads, highways, railroads, public transportation, airports and ports.
- Labor market: Availability of skilled labor, employment rates and labor costs in the area.
- Real estate costs: Land and property prices, as well as construction and maintenance costs.
- Regulations: Local zoning regulations, requirements under the construction law and environmental regulations
- Environmental factors: environmental conditions, including the risk of natural disasters, pollution levels and the presence of protected areas.
- Government incentives and support: availability of government and local government forms of support in the form of grants or tax breaks
- Feasibility Study:
- Preparation of financial and technical analysis of the planned investment.
- Evaluate profitability and prepare a strategy
- Property purchase:
- Entering into a sales contract with a private party
- Purchase of a plot of land by public tender
- Project documentation:
- Selection of a design studio to develop the investment concept and construction design
- Soil and water tests
- Map for design purposes
- Technical conditions for utilities, permits, e.g.: for the location of an exit from a public road
- Geotechnical opinion
Timeframe: The preparation process typically takes 3 to 12 months, depending on the scale of the investment.
Step 2: Legal and administrative formalities
- Business Registration:
- Choice of legal form (e.g., limited liability company, branch of a foreign company).
- Registration with the National Court Register (KRS) or the Central Register and Information on Economic Activity (CEIDG).
- Obtaining NIP (Tax Identification Number) and REGON (statistical identification number) numbers.
- Obtain the necessary administrative decisions and permits
- Verification of the compatibility of the investment with the local development plan.
- Decision to exclude land from agricultural production (if required)
- Obtaining environmental approvals- Project Information Sheet or Project Environmental Impact Report
- Prepare a construction project in accordance with local regulations.
- Submission of an application for a building permit to the competent architectural and construction administration authority
Timeframe: Obtaining all required permits can take 6 to 12 months, depending on the nature of the investment.
Step 3: Implementation of the investment
- Infrastructure construction:
- Employment of a general contractor or subcontractors
- Implementation of the construction project in accordance with the schedule and approved technical specifications
- Conduct regular construction inspections: monitor progress and quality of workmanship.
- Conducting partial acceptances of investment stages to verify compliance with regulations and design (e.g.: electrical or plumbing installations, ceilings, etc.).
Timeframe: Projects typically take 12 to 24 months to complete, depending on the nature of the investment.
Step 4: Completion of Investment and Commencement of Operations
- Acceptances:
- Final acceptance of the investment with the participation of investor inspectors to assess the quality of the work and its compliance with the project
- Inspection of the completed investment by public administration authorities such as Sanepid, Fire Department to confirm compliance with regulations
- Obtaining an occupancy permit:
- Notification of the completion of construction to the District Building Inspector (PINB) with documentation confirming that the work has been carried out in accordance with the building permit and construction law.
- The building supervisory authority conducts a mandatory inspection of the facility
- Issuance of a formal decision by the construction supervision authority allowing use of the facility.
Timeframe: The stage of completing the project and obtaining an occupancy permit usually takes from 1-4 months, depending on the scale and type of the project.
Investing in Wroclaw
Being one of the most dynamically developing cities in Poland, Wroclaw offers investors a number of amenities. The city is known for its well-developed infrastructure, skilled workforce and support from local institutions. Investors can take advantage of support programs offered by Special Economic Zones, such as tax breaks or access to grants and subsidies.
Wroclaw offers a favorable environment for investors due to a combination of developed infrastructure, institutional support and the availability of qualified personnel.