Invest in Kraśnik
FŁT Kraśnik S.A. was established in 1948 and is the largest manufacturer of roller and ball bearings in Poland
Kraśnik has a thriving food processing industry thanks to the availability of local farm products
A great place to live, a great place to invest
Investment Zone Kraśnik
Tax-exempt business operation within Tarnobrzeg Special Economic Zone EURO-PARK WISŁOSAN is subject to obtaining a permit to operate in the zone issued by the zone's management, Agencja Rozwoju Przemysłu (Industrial Development Agency) on behalf of the Ministry of Economy (legal basis – the regulations of the Ministry of Economy and Labor about tenders and assessing business projects to be carried out at TSSE EURO-PARK WISŁOSAN of November 15, 2004 – Dziennik Ustaw [Journal of Laws] No. 254, Item 2549 with later amendments).
Negotiations are initiated based on public invitations. The management publishes the invitation to negotiations in the press, as well on the Zone's website in Polish and in one of the languages used in international commerce. In the case of a business owner applying for the permit to operate and the right to purchase the property, negotiations are carried out by the Zone's management whose purpose is to set the conditions of proposed business operations, in particular type of activities and the expected minimum investment expenditure, as well as the projected number of new jobs to be created.
Detailed TSSE investment procedure – negotiations
1. The investor showing interest in launching business operations in the Zone must submit a preliminary declaration providing the basic data related to the nature of the business and the land area required. The initial declaration must contain the sector in which the business operates, basic description of goods and services to be manufactured/delivered within the Zone (using PKWiU - Polish Classification of Goods and Services ), projected date of launching business operations, the estimate of number of new jobs to be created and the projected investment outlay.
2. The next stage is the information exchange between the investor and the Zone's management related to the planned project in order to specify the manner in which the negotiations procedure will be carried out.
3. The business owner submits "The Investor's Letter of Intent" to the Zone's management, which is a formal requirement to start the negotiations process. The Letter of Intent form can be obtained from the Zone's management.
4. The next stage is publishing of the invitation to negotiations by the Zone's management (or granting the permit to operate for the investors who already owns property within the Zone). The invitation is published as an announcement in daily press.
5. After the invitation to negotiations has been published the investors showing interest in the participation can purchase from the Zone's management "The Specification of the Significant Terms and Conditions of Negotiations". The specification is the formal basis for drafting an offer for negotiations. The investors who have paid a one-time fee for the specification are exempt from the requirement to purchase it.
6. In order to participate in the negotiations the investor must submit two copies of a written offer in Polish. The offer must contain all documents required by the "Specification of Significant Terms and Conditions of Negotiations", including the business plan and the relevant documents from ZUS (Social Security Office) and US (Tax Office).
7. The negotiations process is launched when at least one offer has been submitted. The negotiations are run on behalf of the Zone's management by a Tender Commission consisting of at least four members. The Commission evaluates the submitted offers based on the criteria included in the regulation published by the Ministry of Economy on November 15, 2004 about tenders and assessing business projects to be carried out at TSSE EURO-PARK WISŁOSAN of November 15, 2004 – Dziennik Ustaw [Journal of Laws] No. 254, Item 2549 with later amendments). The negotiations are closed when the conditions for the planned business operation have been agreed upon.
8. The Zone's management grants the permit to operate in the Zone subject to conditions agreed upon during the negotiations procedure. The permit is valid for a specific period of time, i.e. until December 31, 2026. Foreign investors (from outside the EEA) must obtain the permission to acquire the property from the Ministry of Administration and Internal Affairs to be eligible for the permit to operate in the Zone.
9. After the permit has been granted the investor can launch business operations in the Zone.