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Poland to cut bureaucracy, speeding up new-company registration

Poland's government pledged to get rid of bureaucratic obstacles for businesses, including cutting the waiting time to register a new company by 90% to three days.

New bills that the government will present to parliament in about two weeks will also restrict the length and frequency of inspections including tax audits, Deputy Treasury Minister Michal Krupinski said at a news conference in Warsaw today. Poles will be able to register businesses electronically, using a single form, Krupinski said. That will cut the waiting time from the current 30 days, which he said places the country „at the tail end” of the European Union. (Bloomberg)