This article focuses on Polish Foreign Direct Investments (outward FDIs). It draws on existing research on this topic and confronts it with the growing role of such investments. The vast majority of global literature on FDI deals with flows from more advanced, richer countries to the less developed ones. Simultaneously, a new strand of research devoted to emerging markets FDIs mainly BRIC's FDIs is developing dynamically. Investments stemming from middle income countries such as Poland and directed to similar economies such as other UE MS have not attracted much attention so far. This paper attempts to outline the framework for further analyzing Polish FDIs.