COMPANY FORMATION

IN POLAND

Many entrepreneurs decided to invest in Poland choose a Sp. z o.o.(Limited Liability Company) as the structure most suited for their businesspurposes.

In many jurisdictions, this type of business structure is the most popular inPoland.

As a particularity, the incorporation of a SP.z.o.o requires a minimumshare capital of 5000 PLN, divided into non-transferable shares.

At least one shareholder, one director and a registered office are necessaryfor company formation in Poland. The liability of its members is limited bytheir contribution to the capital.

Types of companies in poland SP.Z.O.O.

If the investors have a higher capital and want a business that can increase

its capital by registering its shares at the Stock Market, they can

incorporate a Polish S.A. (Spolkaakcyjna - Joint-Stock Company).

In order to do so, it is necessary to provide at least 50.000 PLN for this type

of company formation in Poland.

The liability of its members is limited by the contribution to the capital.

Types of companies in poland Joint-Stock Company

Other forms of entities are the partnerships, that require at least two

parties in order to be established.

There are also several types of partnerships in Poland:

• the general partnership (where all the partners are liable for the

entities actions equally and can split the profits among them)

• the limited partnerships (formed by a general partner and a silent

partner who has to deliver capital and has his/her liability limited by

that contribution)

Types of companies in poland partnerships

There are several types of structures that might be of interest for foreign companies that may be opened in Poland as either entities or an extensions of the parent company.

These are:

• Polish Branches; • Polish Subsidiaries;• Polish Representative Offices.

Types of companies in poland

Company registration in Poland can be performed by a legal

representative who is appointed by power of attorney.

Before starting the process, it is mandatory to open a bank account where

the initial capital is deposited.

This procedure might require the presence of the company’s founder, but

it is also possible that the foreign investor finds a bank in his own country

that can help him open a bank account at the Central Polish Bank without

the necessity to travel to Poland.

Registration of polish companies

Starting a company in Poland requires

• at least one shareholder and one director

• it is compulsory to have a registered office for the respective

company.

Requirements for opening companies in poland

After preparing the above procedures, the investors are invited to register

at the National Court Register and then register for tax filling system.

The last registration is required in order to obtain a tax identification

number, the NIP and benefit from.

Our Polish company formation specialists can provide consultancy related

to the corporate tax and dividend tax paid by businesses in this country.

Procedure of opening a company in poland

Company registration in Poland for VAT is only mandatory if the company

performs activities in a field that is subject to VAT.

The required documents for company registration for taxes in Poland are

the articles of association, or the company charter, the statistical number,

the REGON certificate, an excerpt from the National Court Register and

the bank certificate.

VAT Deductions in poland

After obtaining the NIP, the entrepreneur must register at the Social

Insurance Institution and at the National Labor Inspectorate.

The Chief Sanitary Inspectorate has to be notified regarding

the incorporation of the company in Poland by submitting a notification

containing the type, objectives and address of the newly formed

business.

PROCEDURES OF INCORPORATION in poland

After company registration in Poland, the business is free to begin its

activity.

In this case, hiring employees might be necessary, therefore a newly set up

company in Poland can recruit personnel through specialized websites or

recruitment agencies.

Hiring employees in poland

Economy in Poland is rather flourishing, especially due to its private

business sector.

The Polish government encourages foreign investments in Poland by

signing Double Tax Treaties with a large number of countries and by

offering a wide range of incentives for entrepreneurs who decide to come

from abroad and start a company in Poland.

Why invest in poland

Thank you for your attention

for more information related to incorporation matters in poland please contact our team

Take a tour of our site:

http://www.companyincorporationpoland.com/

Write us at office@lawyerspoland.eu

Call us at: +48-222 098 923