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Poland: Financial support for companies (COVID-19)

Poland: Financial support for companies (COVID-19)

A package of support measures—referred to as the “financial shield”—has been introduced with the intention to provide financial support for entrepreneurs affected by the coronavirus (COVID-19) pandemic.

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The measures are intended to provide support for workers as well as financial liquidity for companies (it is expected approximately 670,000 Polish enterprises including micro, small, medium-sized and large businesses could benefit from these financial support measures).

To qualify for financial aid under the package, the “beneficial owner” must be a Polish tax resident and must have paid taxes in Poland for the last two financial years (if applicable). This requirement may be waived if the tax residence is transferred into Poland within nine months from being granted financial aid under the program (or if a foreign enterprise, to assume additional obligations such as investment commitments if approved by the Polish development fund). Accordingly, Polish companies will be required to identify their beneficial owners and determine their tax residence(s) to benefit from the financial support provided by the Polish development fund.


Read an April 2020 report [PDF 239 KB] prepared by the KPMG member firm in Poland

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