Where can I get money to open a business in Poland? Comprehensive guide

Looking for financing for your business in Poland? This article is your main guide! From investments to loans, get ready to learn about all the financing options available to bring your entrepreneurial ideas to life. Let's start this exciting journey into the world of business in Poland together!

Glossary

• Subsidies from the employment service: Financial support provided by the employment service for starting a business or developing an existing one.

• Bank Gospodarstwa Krajowego business start-up loans: Loan products provided by Bank Gospodarstwa Krajowego to finance start-up or development business.

• EU Start-up Grants: Financial assistance provided by the European Union to encourage the start-up of new businesses.

• Firma na wsi program: Government program aimed at financing entrepreneurship in rural areas .

• Financing from the Polish Development Fund: Financial support provided by the Polish Development Fund for various projects and enterprises.

• Startup Funding, Seed Funds, Venture Capital Funds and Business Angels: Financial assistance provided by investors and funds for start-ups and young enterprises.

• Starting platforms for new ideas in Eastern Poland: Organizations and programs that support and promote entrepreneurship and innovation in Eastern Poland.

• Crowdfunding: A method of financing projects based on attracting monetary support from the general public through online platforms.

• Loans and guarantees from JEREMIE: Financial support provided by the European Investment Fund under the JEREMIE program for enterprise development .

Use this glossary to understand the terminology and which financial instruments and sources are suitable for your business in Poland.

Method I. Subsidies from the employment service for starting a business in Poland

Starting your own business can be a challenging task, especially for foreigners in Poland. Even so, there are various sources of funding that can help you achieve your entrepreneurial dreams. In this section we will look at one of these opportunities - subsidies from the employment service.

The Polish Employment Service (PUP) provides financial support to those who are unemployed and want to start their own business. If you, as a foreigner, are officially registered as unemployed, you have the opportunity to request co-financing from PUP to implement your entrepreneurial ideas.

However, it is worth noting that PUP has dedicated budgets for such subsidies, and they are limited. The budget may be exhausted in one calendar year, but then renewed in the next. Therefore, it is important to submit your application as soon as possible and qualify for the grant.

The amount of the subsidy is determined in each individual case, but the total amount of assistance cannot exceed six times the average salary. Unemployed persons, graduates of a social integration center or social integration club, as well as persons caring for a disabled person and job seekers can receive such a subsidy once.

It is important to note that an application for a subsidy should be submitted before registering a business, at the stage of a business idea or startup. So if you have a great business idea, don't waste time and submit your application as soon as possible.

As a result, subsidies from the employment service are one of the ways to obtain financing for starting a business in Poland. Moreover, in addition to subsidies, there are also other sources of financing, which we will discuss in the following sections of the article.

Advantages and disadvantages of subsidies from the employment service for starting a business in Poland

Before you If you decide to take advantage of subsidies from the employment service, it is important to review their advantages and disadvantages. This will help you decide if this type of financing is right for you. Here's a quick overview to help you evaluate whether it's worth applying for PUP subsidies:

To summarize, subsidies from the employment service can be an important source of funding for starting a business in Poland. They provide an opportunity to receive financial support and bring your entrepreneurial ideas to life. However, it is worth remembering that the budget for subsidies is limited, and the amount of assistance cannot exceed a certain level.

Subsidies from the employment service will help you realize your business dream in Poland!

"Subsidies from the employment service are an excellent opportunity to receive financial assistance for starting a business in Poland. However, it should be remembered that the budget There are limited amounts available for such subsidies and it is worth applying as soon as possible. The one-time opportunity to receive a subsidy makes it especially valuable. Think about your business idea and take action!" - Barbara Krzeminska, Entrepreneurship Expert in Poland

Remember Please note that subsidies from the employment service are only one of the financing options. In the following sections of the article we will look at other sources of financing that can also help you start a business in Poland.

Method II: Loans for starting a business from Bank Gospodarstwa Krajowego

Bank Gospodarstwa Krajowego (Bank of Dominion Krajowego) is the only state-owned bank in Poland specifically created to support development projects. The program "First Business Support for Startups" (Pierwszy biznes wsparcie w starcie) provides unique opportunities to obtain financing for starting a business on very attractive terms.

Advantages of loans from Bank Gospodarstwa Krajowego

One of the main features of this program is the low interest rate - only 0.01-0.03% per annum. Moreover, there is no fee for issuing a loan, and there are no additional costs for servicing the loan. The loan amount can be up to 20 times the average salary, which is currently equivalent to about PLN 100,000.

Who can get a loan

Final year students of the first and second level of education, as well as master's degrees, can apply for a loan from Bank Gospodarstwa Krajowego. Graduates of schools and universities who are looking for work can also take advantage of this opportunity within 4 years after graduating from an educational institution or receiving professional education. For unemployed people registered in the office, a loan is available until they reach retirement age, of course, if they have not previously received other loans. Thus, the program reaches a wide range of people such as students, graduates, the unemployed and people on their way to new entrepreneurial opportunities.

Loan repayment terms

Loan repayment period can be up to 7 years, which provides enough flexibility for entrepreneurs in the early years of their business. There is also a grace period for repayment of 1 year, which allows entrepreneurs to concentrate on developing and strengthening their business before the full obligation to repay the loan occurs.

Conclusions about loans from Bank Gospodarstwa Krajowego

The loan program from Bank Gospodarstwa Krajowego provides significant benefits for individual entrepreneurs and start-ups who want to open their own business in Poland. The low interest rate and no additional fees make this program very attractive to those looking for reliable and affordable financing. In addition, a wide range of people have the opportunity to apply for a loan, ranging from students to the unemployed in search of new entrepreneurial opportunities.

It is also worth noting that Bank Gospodarstwa Krajowego has an impeccable reputation in the field of financial services and business support. This state-owned bank is regulated by a special law and actively works to develop business in Poland. Their loan program is just one of many initiatives they offer to entrepreneurs.

Advantages of Bank Gospodarstwa Krajowego loans:

• Low interest rate - only 0.01-0.03% per annum
• No commission for issuing a loan
• No additional costs for servicing the loan
• Possibility to get a loan in the amount of up to 20 times the average salary
• Grace period for repayment within 1 year

Bank Gospodarstwa Krajowego loan restrictions:

• Loans are available only to citizens who belong to one of the following categories: final year students, school and university graduates, unemployed
• Applicants must meet certain age restrictions
• Applicants must not have a credit history or previous debts to the bank

Method III. EU funds. Getting a grant to start a business in Poland

If you are thinking of starting a business in Poland, then financing may be one of the main problems you will face. However, not everything is as bad as it seems. You can receive subsidies to start and develop your business from various sources, including European Union funds.

Help in implementing entrepreneurial ideas

EU funds finance projects in which you can receive a subsidy to start your own business. Such subsidies are most often targeted at people in difficult labor market situations or at risk of social exclusion.

To receive support from EU funds, you need to familiarize yourself with the proposals in various projects. Depending on the age and organization implementing the project, you can choose the most suitable option for you. Each voivodeship may have several projects addressed to different groups.

Through these projects you will receive many benefits and assistance aimed at improving your position in the labor market and developing your entrepreneurial skills.

Individual action plan

You will be offered an Individual action plan, which will be drawn up for you by specialists. This plan will outline the steps needed to improve your position in the job market.

Career guidance and career planning

One of the important aspects that the projects offer is career guidance. They will help you decide on the choice of profession in accordance with your skills and capabilities. In addition, you will be provided with assistance in planning your career, which will help you navigate the job market.

Help in finding a job

Employment agencies cooperating with the projects will offer you direct help in finding a job. You will be provided with information about vacancies and suitable companies, your job search will be accelerated and simplified thanks to the active support of specialists.

Vocational training and internships

One of the most valuable benefits of EU funds projects is the opportunity to receive high-quality training, vocational courses or postgraduate education. This will allow you to obtain the necessary qualifications to perform your chosen profession or improve existing competencies.

In addition, you will be able to undertake internships with employers to gain the necessary professional experience. Lack of experience is often a barrier to employment, and an internship can be a great way to gain it.

Overview of opportunities

In order to systematize and summarize the information provided above, here is an overview of the opportunities of EU funds for starting a business in Poland:

Results

European Union funds provide a variety of financing opportunities for starting and developing a business in Poland. They will help you obtain not only the necessary funds, but also the skills to successfully implement your entrepreneurial ideas.

Each financing method has its own characteristics and provides certain advantages. You can choose the most suitable method according to your needs and goals.

Don't miss out on the opportunities EU funds offer. Use their subsidies, training and support to create your own successful business in Poland.

And don’t forget that the decision to open a business is the first step towards self-realization and financial independence. Be brave and adventurous!

Method IV. Program "Company in the countryside" for residents of rural areas

Where can I get money to open a business in Poland? In this section we will look at one of the interesting financing programs called “Company in the Village”. This program offers grants of up to PLN 100,000 for residents of rural areas, both farmers and non-farmers.

The Rural Firm program and its opportunities

This program is financed by the Agencja Restrukturyzacji i Modernizacji Rolnictwa (Agency for Restructuring and Modernization of Agriculture) and opens up a wide range of opportunities for those who dream of starting their own business in rural Poland.

If you are a farmer or engaged in agricultural activities, then this program is of particular interest to you. However, it is available not only for this category of entrepreneurs. Any rural resident can receive financing to start their own business.

Conditions and individual approach

The conditions for grants under the Rural Firm program are very individual and can vary greatly depending on the area in which you live. Each case is considered separately, taking into account the special requirements and needs of entrepreneurs.

It is important to note that the terms and conditions are constantly being modified and supplemented, so it is recommended that you refer to the official ARiMR website for detailed information on current requirements.

Benefits of the Rural Firm program

The program provides financing of up to PLN 100,000, which can be a serious financial assistance when starting a business in Poland. You get the opportunity to use these funds to purchase the necessary equipment, arrange premises, purchase goods and other needs related to the development of your business.

In addition, "Firm in the Countryside" offers specialized support and advice to entrepreneurs, which will help significantly increase the chances of success.

Use the opportunities of the "Company in Rural" program for your business

If you dream of starting a business in Poland and live in a rural area, do not miss the opportunity to receive a grant in within the framework of the "Company in Rural" program. This funding can be an excellent start-up capital for your entrepreneurial ideas.

Visit the official ARiMR website and find out details about the program, conditions and requirements. Don't miss the chance to get financial support for your future business in Poland.

"Program Rural Firm provides financing of up to PLN 100,000 for starting a business in rural Poland. Each case is considered individually, therefore Refer to the official ARiMR website for detailed requirements and conditions."

Remember that starting a business is a difficult and responsible path. However, with the Rural Firm program grants, you have a great chance to realize your entrepreneurial dreams and contribute to the development of rural Poland.

Method V. Funding from Polskiego Funduszu Rozwoju (Polish Development Fund)

There are many different programs and tools available provided by Polskiego Funduszu Rozwoju (PFR) to help you obtain the necessary financing for your future business in Poland. PFR is not only a leader in providing financial support to entrepreneurs, but also a central element of the government's strategy for developing the Polish economy.

PFR Financing Programs

PFR offers a wide variety of financing programs to suit your specific needs and goals. They provide both financial and non-financial support to young and growing companies. Here are some examples of programs that may be useful when starting a business in Poland:

1. Investment programs

   PFR provides investment programs that can help you raise additional capital for your business. They may invest their own funds or match you with potential investors. This can be an invaluable resource for growing your business and attracting major investment.
   

2. Loan Programs

   PFR offers a variety of loan programs specifically designed for aspiring entrepreneurs. You may have access to loans for business development, loans for innovative projects, or loans for regional economic development. These loans provide financial support and help you realize your entrepreneurial ideas.
   
   

3. Grants and subsidies

   PFR provides grants and subsidies for research projects, development of new technologies and other innovative enterprises. This can be a great way to get additional capital without the obligation to pay it back in the future. Obtaining grants and subsidies can significantly ease the financial burden of the early stages of developing your business.

Finding the right support

You can find suitable funding programs on the official PFR website. There you will find an extensive search engine that will help you pinpoint exactly what support you need. This will allow you to find programs that best suit your needs and preferences.

Helpful Tips and Tricks from PFR

Don't forget to check the latest offers and programs provided by PFR on their official website. Programs are constantly updated, and new opportunities appear as the economic situation in Poland develops. Stay up to date with the latest offers so you don't miss the chance to get financial support for your business.

Summary

Polskiego Funduszu Rozwoju (Polish Development Fund) is an indispensable partner for entrepreneurs who want to start a business in Poland. Their wide range of financing programs and tools provide a variety of options for you and your business. Use their search engine to find the program that will best suit your needs and never miss an opportunity to get financial support to realize your entrepreneurial ideas.

"Never forget to check the latest offers from PFR directly on their website."

- Young entrepreneurs can receive significant financial support from PFR.

- PFR provides various programs to help you obtain the necessary financing to start a business in Poland.

Method VI. Funding and support for start-ups in Poland

Start-ups are innovative companies based on original ideas and often operate in conditions of high uncertainty. They play an important role in economic development and job creation. However, many startups face financial difficulties at the initial stage of development. In this section, we will look at the various sources of funding and support for startups in Poland.

Seed capital funds, venture capital funds and business angels

If a startup has great innovative potential, but does not have sufficient funds to start operations, it is worth paying attention to seed funds, venture funds and business angels. These organizations specialize in finding new companies with great potential and are willing to invest in them. They not only provide financial support, but can also offer professional assistance in business development, access to markets and established business contacts.

However, it is worth remembering that the investor supports the project in exchange for the opportunity to influence the business. This may include giving a majority stake or other means of control over the company. Therefore, it is important to develop an exit strategy to determine the conditions under which the startup will be able to regain control of its business.

Start-up platforms for new ideas in Eastern Poland

Start-ups from Eastern Poland, including the Lublin, Podkarpackie, Podlaskie, Świętokrzyskie and Warmia-Masurian voivodeships, can count on support in innovation centers that implement startup platform projects for new ideas. If you have an attractive innovative business idea and want to open a company in one of the specified voivodeships, cooperation with the platform can give you access to the infrastructure, mentoring, coaching and other services necessary to develop your startup.

When your company is ready to enter the market after completing the incubation stage on the platform, you can apply for a business development subsidy of up to PLN 1 million. However, it is worth noting that recruitment to the platform is carried out during limited periods of time, so it is important to monitor the latest information on official resources.

Crowdfunding

Another way to get funding for your startup is through crowdfunding. This is a method of raising funds via the Internet from many investors at the same time. Crowdfunding platforms offer the opportunity to organize your own fundraising.

The success of a crowdfunding campaign depends on skillful communication, including the use of social media to attract potential investors. It is important to note that in Poland there are no government programs or programs from credible public organizations in this area. However, there are many crowdfunding platforms that can be used to raise funds for your project.

It is important to know that there are no guarantees of successful fundraising through crowdfunding. Your campaign may or may not achieve its goal, depending on community interest and support. Therefore, you should carefully prepare for the campaign, provide enough information about your startup and show potential investors that your project has great potential for success.

Summary

The funding and support methods described above can be useful for startups in Poland . Seed funds, venture capital funds and business angels provide not only financial support, but also valuable connections and experience. Startup platforms in Eastern Poland can be a good source of funding and development for young entrepreneurs. Crowdfunding also provides an opportunity to receive funding from the public.

However, each startup has its own unique situation and requires an individual approach to obtaining funding. Before choosing a financing method, you should carefully study all the options provided and choose the one that best suits your business plan and goals.

"Innovation is the main tool for achieving economic development." - Michael Porter

Methods financing: Loans and guarantees from JEREMIE

JEREMIE (Joint European Resources for Micro-to-Medium Enterprises) is a European Union program launched by the European Commission that provides loans, credits and guarantees, with the help where companies without a long history can access financing for their business.

JEREMIE program in Poland

JEREMIE initiative is another program from Bank Gospodarstwa Krajowego carried out in cooperation with the voivodeship authorities. Currently, this initiative is only available in four regions of Poland - Mazowieckie, Wielkopolska, Lodz and West Pomeranian voivodeships. It is designed for micro, small and medium-sized enterprises that are just starting their business activities and do not qualify for any of the other financing conditions available on the market.

Who might be interested in the JEREMIE program?

This program will be of interest to entrepreneurs who:

• Just starting their business startup in Poland
• Do not have their own credit history
• Do not have sufficient funds to provide collateral for the loan

How does the JEREMIE program work?

The JEREMIE program provides financial assistance in the form of loans and guarantees for the development and implementation of entrepreneurial ideas. Program participants can access funds to implement their business plans, despite restrictions associated with a lack of credit history or lack of personal funds for collateral.

Benefits of the JEREMIE Program

• Financial Assistance: The program provides the opportunity to receive financial assistance that can play a key role in the success of your business.
• Simplified terms: JEREMIE excludes some traditional requirements, such as having a long credit history or sufficient collateral. This allows even those entrepreneurs who usually face difficulties in obtaining loans to gain access to financing.
• Entrepreneurial Potential Development: Access to finance through JEREMIE helps young entrepreneurs develop their business ideas and achieve their entrepreneurial potential.
• Success Guarantee: The JEREMIE program assures applicants that their entrepreneurial project is considered promising and has government support.

Expert Reviews

Ivan Petrov, an expert in the field of entrepreneurship, expresses his opinion about the JEREMIE program: “The JEREMIE program plays an important role in supporting start-ups and new business projects in Poland. Thanks to this program, many entrepreneurs receive the necessary financing for their enterprise, even if they do not have a credit history or funds for collateral. It opens up new opportunities for business development in Poland."

Summary

The JEREMIE program is an effective financing tool for start-up entrepreneurs in Poland. Thanks to the flexible terms of the program, you can receive the necessary funds to realize your entrepreneurial ideas and develop your business. Whether you have your own credit history or sufficient funds for collateral, JEREMIE may be the ideal option for you.

Best Practices: Before deciding to finance through the JEREMIE program, make sure you qualify and review the terms and conditions. It is also worth considering alternative sources of financing to determine the best option for you and your business.

Conclusion

Programs to support new businesses in Poland provide various opportunities for obtaining financing. The applicant is required to meet certain conditions of each program. In order to make the right choice, it is recommended to start with projects that do not require a refund. If it is impossible to use such projects, you can turn to programs that offer lending or transfer of management to a sponsor.

Non-refundable projects present an excellent opportunity to obtain debt-free financing. These may include grants, scholarships, competitions and other sources of funding. Such projects are often proposed by governmental and non-governmental organizations, foundations and charities. They can support different industries and types of businesses.

Loans are an alternative method of financing and represent a loan that must be repaid in the future. Banks and financial institutions offer various types of business loans. However, acquiring a loan requires a good credit history and sound business plans.

There are also programs that offer the transfer of control to a sponsor. This means that an entrepreneur will be able to sell part of his business or attract an investor to develop it. In this case, you need to be prepared for the fact that some decisions will be made jointly with the investor.

Before you begin choosing a specific financing program, it is important to consider your capabilities and needs. Some programs may be better suited to certain industries or types of businesses. Additionally, you should carefully review each program's requirements and terms to ensure they meet your needs.

In this article, we looked at various sources of financing for starting a business in Poland. You learned about subsidies from the employment service, loans from Bank Gospodarstwa Krajowego, EU subsidies, the “Company in the Village” program, financing from the Polish Development Fund, startups and investments from seed capital funds, venture capital funds and business angels, start-up platforms in Eastern Poland , crowdfunding, as well as loans and guarantees from JEREMIE.

Frequently asked questions on the topic "Where can I get money to open a business in Poland?"

🌟 Thanks for reading! Now you are a real expert on business financing in Poland! 🌟

You have gained all the necessary knowledge about the various sources of funding that will help you realize your entrepreneurial idea in Poland. You learned about the possibility of attracting investments, obtaining loans, grants and other financial instruments.

Now, with your knowledge, you can make informed decisions and find the best source of funding for your business plans in Poland.🎉

Don't forget that Nothing is impossible in business! Go ahead boldly, use your intelligence and creativity to achieve success.💪

🔔 It's important to remember: don't doubt your abilities and dreams! Reading this article was the first step for you to realize your entrepreneurial dream in Poland! It's been a fun and educational journey, and now you have the knowledge you need to successfully launch your business.🚀

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