Krakow Technology Park
Krakow Special Economic Zone a.k.a.
Krakow Technology Park was established
in 1998 as a 'specjalna strefa ekonomiczna' (SSE) under Poland's
law, which means greenfield
investments somewhere on its 949 hectares or 2,345 acres carry considerable
tax exemptions. The public aid for small firms amounts to
seventy percent of their outlays and to 60 percent in the case
of medium-size companies, while big corporations may get fifty
percent. Both investment in fixed assets and job creation entail
the massive tax relief. In practice involved businesses pay no
corporate income tax (CIT) whatsoever until they recoup the
total of their calculated tax relief. For now, time horizon is
December 1st, 2020 when the Krakow Special Economic Zone is
supposed to expire but its lifespan may yet be extended. Till
2017 the Krakow Technology Park managed to sign up 250 ventures
which created 14,700 jobs.
The Krakow Technology Park
is meant to become the city’s high-tech powerhouse providing
industrial base for Krakow’s fifteen higher education institutions and over 140 research centers. So, generally
welcome are investments pertaining to IT, electronics,
communications, software and hardware, material engineering,
biotech, genetics, etc.
The Krakow Technology
Park consists of 30 sub-zones scattered in Krakow itself as
well as in the
Malopolska Province and in two other provinces (voivodeships) of Poland, Wojewodztwo Podkarpackie
and Wojewodztwo Swietokrzyskie, which stretch to the
east and northeast respectively. Within the city limits are the 36-hectare
Jagiellonian University Technology Park, the 30-hectare
Technology Park of the Krakow University of Technology, and the
35-hectare Sendzimir Steelworks Technology Park.
economic zone is supervised by the Krakowski Park Technologiczny
sp. z o.o. (Krakow Technology Park,
formerly Krakow Centre for
Advanced Technologies), a limited liability company
with Poland’s government and Krakow’s municipality as its
shareholders alongside the Krakow University of Technology, the Jagiellonian University and the AGH University of Mining
and Metallurgy. The managing company
negotiates deals with investors and issues permits for business
within the boundaries of the Krakow Technology Park. The permits
are necessary to get tax exemptions and can be secured either
through bidding or in negotiations.
Postal Address: Krakowski Park Technologiczny
sp. z o.o.
ul. Podole 60, 30-394 Krakow, Poland.
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