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
Special Economic Zone enjoys tax privileges – businesses operating in the zone are eligible for CIT or PIT tax exemptions granted on the basis of the permit issued by the management of the Tarnobrzeska Special Economic Zone EURO-PARK WISŁOSAN. The amount of state aid depends on the costs incurred by the business in creation of new jobs (calculated as labor costs over a two-year period for newly hired employees), or on the type of the investment project (capital outlays for land, machinery, structures) and on the size of the company launching its business operations in the zone.
In Lublin voivodship small companies are entitled to the highest level of state aid – up to 70 percent of the investment cost. Medium and large companies can obtain tax credit of 60 and 50 percent respectively. The public aid made be received in the form of income tax exemption throughout the life of the zone, which is set to expire by current regulations on December 31, 2026. In practice, the business will be exempt from the tax duty until the amount of allocated state has been exhausted..
The state aid is available to all new business ventures launching operations in the zone, as long as the fulfill the qualification criteria. The zone is open to businesses from all traditional sectors, except those dealing with production of explosives, alcohol and tobacco products or those operating gaming centers. The permits to operate in the zone can also be issued to some service entities operating in the areas of ICT, research and development, natural and technical sciences, accounting, technical analysis or call centers.
In order to be eligible for the permit to operate in the zone, a business owner must declare an investment of at least 100 000 euros or pledge to create a specific number of new jobs over a specified period of time. The company operating in the zone is obliged to conduct business there for a minimum of 5 years (3 years in the case of small and medium-size companies), which is of key importance to the economic stability of communities where the zone is located. In addition, businesses taking advantage of tax relief based on the creation of new jobs must maintain the declared employment levels for the period of at least 5 years (3 years in the case of small and medium-size companies).