Financing and subsidies
Acquisition of finance
- support in acquiring the most profitable loans, borrowings, lease,
- choosing the best solutions for fund acquisition,
- support in capital searching,
- support in negotiating and preparing investment contracts,
- consultancy on alternative sources of finance.
Support in acquiring EU grants
EU FUNDS IN POLAND
Under the European cohesion policy, investments planned in Poland in the years 2014-2020 amount to over EUR 82.5 billion. At least EUR 20 billion will also be directly dedicated to enterprises operating in Poland.
Projects eligible for financing will comprise, among others, those aiming at the development and implementation of innovations in products (new products and services) and processes (improvement of effectiveness and quality of production processes). This means financing R&D projects focused on the development of new or the improvement of existing technologies (independently or in cooperation with Polish scientific centres), as well as investment projects aimed at the implementation of those technologies, including constructing and furnishing new production plants. The existing enterprises will also be able to obtain funds for their export activity, e.g. their participation in international fairs and organising economic missions all over the world. In addition, it will also be possible to obtain financial grants for the protection of intellectual property based on the acquisition and maintenance of patents. To supplement ongoing investments, it will be possible to obtain support for renewable energy sources.
STAGE 1. Preliminary analysis: verification of investment plans in terms of the availability of public funds; the analysis covers the company’s financial status and standing; the company is subject to a simulation of chances for obtaining a subsidy.
STAGE 2. Development of a project concept: full evaluation of the eligibility of costs to be supported; definition of the most favourable variants of investment funding and presentation of final recommendations of changes that will increase chances for obtaining a subsidy.
STAGE 3. Acquiring funds: preparation of a complete project documentation and support in obtaining necessary attachments (opinions on innovativeness, market studies, administrative licenses, credit commitments), preparation of financial forecasts; support at each stage of project documentation evaluation: preparation of administrative letters and participation in project presentations for experts appointed by competent institutions.
STAGE 4. Accounting of subsidies : ongoing monitoring of project performance and cost settlement; preparation of periodical and final project progress reports.
We do not analyse all projects in the same way, but we apply certain general rules:
a) The preliminary analysis is free of charge.
b) The project concept is developed on the basis of the already ongoing work on preparation of the preliminary project documentation.
c) Settlement of grants is a separate service from their acquisition: the customers have choices because sometimes they prefer to do it themselves.
d) Projects may be divided into large and small. Large projects are connected with the construction of production plants, research projects usually of a larger scale: PLN 5 – 25 million; small projects are those that are to finance auxiliary costs: patents, purchase of a single research service from a scientific centre, costs of entering foreign markets: usually from PLN 100,000 to PLN 1 million.
e) The documentation preparation fee includes two elements: an initial fee and a success fee. Both initial and success fees depend on the size of a project and are defined on a case-by-case basis.
f) Initial fees do not cover costs of obtaining external documents (e.g. opinions on innovativeness, credit commitments, sometimes it is also necessary to translate documentation into foreign languages).
g) Settlement is a lump-sum service payable on a monthly basis and provided during the whole project. The cost is determined by the size of a project.
- keeping accounting books,
- support during business registration,
- support during the selection of legal form and taxation method,
- running the latest book-keeping software,
- consultancy on the preparation of articles of incorporation,
- consultancy on the minimisation of tax charges,
- representing taxpayer’s interests at Tax Offices and National Insurance Offices based on powers of attorney signed before a notary public,
- guarantee of permanent access to professional support,
- clarifying inquiries from banks and other institutions,
- Establishing the principles and implementation of document workflow
- preparing reports on reviews of financial statements,
- statements on the company’s assets and financial performance,
- identifying and removing irregularities in books of account/tax returns,
- identifying risks existing while running the company,
- verifying HR and payroll documentation in terms of its compliance.
- analysing the company’s financial standing on the basis of its books of account,
- financial forecasts,
- analysing the structure of capitals and assets,
- recommending actions aimed at protecting the company’s financial liquidity,
- consultancy on actions aimed at increasing the company’s profitability,
- short and long-term financial plans,
- support during negotiations with banks,
- preparing business plans,
- reviewing an annual return before submission to the Tax Office,
- support in editing letters, applications and appeals.
- support in establishing, transforming, splitting or liquidating the company,
- support in obtaining concessions, licenses; preparing restructuring plans, including optimal legal, financial and tax solutions,
- indicating legal and tax possibilities for the company’s reorganisation aimed at reducing the company’s financial burdens,
- negotiating with creditors for the purpose of defining optimal terms of debt repayment or changing a repayment system.
- valuating the company or its part,
- valuating incorporated companies,
- valuating shares in the company.