For an entrepreneur, who previously ran a business in Dubai, returning to Poland involves certain formalities. In this article, we will discuss what formalities need to be completed when planning to return from Dubai to Poland to regain the tax resident status and to continue running a business in Poland.

The subject of changing tax residence and cross-border income taxation is very close to our heart. There are still many myths circulating on this subject. The statistical Mr Smith knows that two things are certain in life: death and taxes. However, few people realize how income is taxed when it is earned in a country different from the one, we live in or how it is taxed when we move house. It is for that reason that we so stubbornly return to you with this information. Our goal is to educate Polish entrepreneurs. This is the idea underlying the development of the article about the effects of double tax residence, podcast episodes and one of the most frequently saved posts on our Instagram, the one about mistakes during the change of residence. We hope that the nearly half a thousand people who wrote down this post or watched the video will avoid tax problems related to the tax residence, such as those that befell the person, I want to tell you about today.

Looking for a new, friendly (duh! today, one more criterion is relevant!) a safe place for yourself and your loved ones. Spain keeps popping up in the press, in conversations, in plans. Remember. Spain holds numerous advantages making for its attractiveness. However, you will not find taxes among them. As in any project, it is worth taking some time to be thoroughly prepared.

When venturing out onto the international scene with our business, you must not forget about the obligations imposed on us by Polish tax law or Polish foreign exchange law. What exactly is foreign exchange law? Who is subject to it? When is it applicable and what does it concern? In this article, you will learn how to safely keep your assets abroad and what to pay attention to.

Let’s face it, each portfolio is currently undergoing quick remodelling and regrouping of its assets. The market analysis either prompts caution as in “let’s wait and put planned investments on hold”, or, quite the opposite, encourages a more aggressive approach with focus on potential benefits of a market shakeup and spotting opportunities in stocks that are tumbling most. 

The geopolitical unrest (particularly the situation in Poland) that has accompanied our lives in recent years has only strengthened during the Covid pandemic. The sluggishness and ineffectiveness of the courts, the inevitable and unchanging fiscal policies are the most common arguments for change of residence given by our clients. Today, entrepreneurs are looking for alternative solutions and inevitably reorganise their assets and companies with a view to rationalise costs and safeguard their business from geopolitical upheaval.

We have been traveling all over the world with our clients for the past 20 years. The question of where to expand is a matter of business potential, access to workforce, market image, potential for dynamic growth, etc. Industry trends are as important as the legal and tax environment and should be conducive to business. In our article ‘Expanding Next Door’ we discussed what happens just outside Poland; here we will explore several other jurisdictions that have recently emerged among entrepreneurs as their preferred destinations, although not necessarily only as locations for business expansion. They are more often considered as a place for a holding group of companies or as a personal choice for lifestyle reasons.