EU Investors can Now Open Gambling Companies in Poland
Posted: 2015-08-06
The Polish President signed an amendment to the gaming legislation which allows European companies to develop gambling activities in the country. This is an important decision, one that creates new opportunities for foreign investments in Poland. Companies who will want to start gambling activities will need to comply with certain terms. Our Polish law firm can offer you personalized advice if you work in the gambling business.
EU companies in the Polish gambling sector
The newly signed amendment to the gambling law allows companies incorporated in the European Union or members of the European Free Trade Association to open companies that offer and develop gambling services.
Until this update to the law, Poland has very strict rules regarding foreign investments in the gambling sector. Now, foreign investors who own a joint stock companies or limited liability company in an EU or EEA country can carry out gambling activities like: card and dice games, gaming machines, cash bingo, betting and lottery.
International companies will need to obtain a Polish gambling license and establish a branch in Poland in order to be able to conduct gambling activities. The amendment also clarifies the rules on the conditions that need to be fulfilled by companies involved in organizing individual games. Certain rules also concern the requirements for the share capital of companies that conduct gambling activities in Poland.
Our attorneys in Poland can give you specific information about the legal requirements for companies that operate in the gambling field. We can also tell you more about taxation in Poland, particularly for gambling companies.
International gambling operators are interested in the Polish market. Until now, the country missed out on important tax revenues by not allowing international operators to offer their services to Polish gamblers.
The gambling market in Poland
The Polish gambling law regulates both casinos and online gambling in Poland. Popular markets include sports betting, online casinos, online betting.
If you would like to invest in Poland and are also interested in other business fields like tourism you can contact our Polish law firm.