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Based on the study the most significant business risks in Poland are related to social factors such as labor shortage, staff turnover, management and acquisition of new customers. Economic risks are related to rise of salary and cost level and financing of the company in Poland. Political environment of Poland was described as more stable than suggested lately in the media and there was no political threat seen towards foreign companies. Technological risks are mostly related to information security and the lim-ited know-how in utilizing the possibilities enabled by technology. The environmental factors did not form a threat to the studied Finnish companies yet the strict environ-mental requirements towards foreign companies, air pollution and flood risk were mentioned. Business risks related to legal environment of Poland might arise from heavy bureaucracy, slowness or contractual practices.