Company formation in Poland

PolandPoland, a vibrant and dynamic country situated at the crossroads of Europe, has emerged as a promising destination for entrepreneurs seeking to establish their businesses. With its stable economy, strategic location, skilled workforce, and supportive business environment, Poland offers a plethora of opportunities for both local and international investors looking to set up a company. In this comprehensive guide, we delve into the essential steps and insights necessary to navigate the process of starting a business in Poland.

Before diving into the process, it’s crucial to gain a comprehensive understanding of Poland’s business environment. Poland boasts a robust economy characterised by steady growth, a diversified market, and an increasingly competitive business landscape. Major industries such as IT, manufacturing, finance, and agriculture thrive in this environment. Conducting thorough market research and identifying your target audience and competitors will set the groundwork for a successful venture.

In Poland, entrepreneurs can choose from various business structures, including sole proprietorship, limited liability company (sp. z o.o.), joint-stock company (S.A.), and partnerships. Each structure has its advantages and disadvantages concerning liability, taxation, and administrative requirements. Consulting with legal and financial experts is advisable to determine the most suitable structure for your business goals and needs. Our company recommends starting a limited liability company – sp. z o.o.

PACKAGE «ESTABLISHING A COMPANY IN POLAND»

1,500 EUR
PACKAGE «ESTABLISHING A COMPANY IN POLAND» INCLUDES:
  • Power of Attorney for one person
  • Virtual office/legal address for 1 year
  • Preparation of required documents
  • Registration of a company
  • Notary services
  • State fees
  • State fee for the company transfer to a new owner

Open business in Poland

Corporate services in Poland

Advantages

Fast company registration process

Low Business Costs and Taxes

Strategic location

Access to various markets

Registering a company in Poland involves several steps

  1. Obtaining a PESEL number (Personal Identification Number) or NIP (Tax Identification Number) for foreign entrepreneurs is necessary.
  1. The company needs to be registered with the National Court Register (KRS).

This process requires preparing the company’s articles of association, appointment of company authorities, and opening a bank account. Adhering to legal and regulatory obligations is crucial for operating a business in Poland.

Poland’s tax system comprises corporate income tax, value-added tax (VAT), and personal income tax. Understanding tax obligations and incentives available for businesses, such as tax deductions, can significantly impact financial planning. Employing reputable accountants or tax advisors can aid in navigating these complexities and optimising tax strategies.

Establishing a company in Poland presents an array of opportunities for aspiring entrepreneurs. However, success hinges on thorough preparation, compliance with legal requirements, understanding the market, and leveraging available resources and support. By navigating these steps diligently and seeking expert guidance when needed, entrepreneurs can embark on a rewarding journey towards business success in Poland’s flourishing economy.

Documents required to open a company in Poland :

  • Copies of the founders’ passports
  • Power of attorney from all members of the company
  • Residence addresses of all shareholders

THE PROCESS OF REGISTRATION OF A COMPANY IN POLAND

Lawyers of our company help to open a company in Poland, taking into account your individual requirements. Since the registration of LLC is a rather complicated and time-consuming process, you will need the help of an experienced expert. Specialists of our company with solid long-term experience in the field of registration and business in Poland will help in this.

In order to register the company in Poland, We prepare the founding agreement  (charter) of the company and prescribe all the business activities you need – Polish classification PKD. We then sign the foundation agreement with the notary. We prepare and fill in the forms KRS (Unified State Judicial Register), submit applications to the Tax Inspectorate, the Statistical Office and the Social Insurance Office.

From the moment of submission of all necessary documents and applications, the lawyers of our company keep you informed of all stages related to the registration of your company in Poland. The final stage of the establishment of the company in Poland by proxy is to send you all the constituent and  registration documents of the company.

Lawyers of our company will be glad to accompany you at the opening of the company in Poland on a personal visit. One of the main requirements when opening a company in Poland through a notary is that the passport of the founder/founders at the time of submission of documents should be valid for another 18 months. The most common form of business in Poland is a limited liability company or Sp. z o.o.

There is no fixed number of founders for LLC. Therefore, it is usually recommended to register a company for at least 2 people. This will help to avoid the need to pay monthly social payments (which amount to about 250 euros per month). If in the future there is a need to reduce or increase the number of founders, it can be done through a notarial act and its registration in court. You don’t have to be a Polish citizen to open a company. According to the legislation, foreigners can freely conduct business on the territory of Poland.

The authorized capital of the enterprise must be not less than 5 thousand zlotys, which is approximately equal to 1000 euros. The upper bar is not set, but the larger the authorized capital – the higher the cost of notarization of documents. The share of each of the founders may not be less than 50 zlotys. The number of votes of each participant in the decision-making of the Polish Company is determined according to the share.

To register a company in Poland, it is enough for the founders to provide their  passports/ID card. The registration form will also require the following  information:

  • Name of the mother and father of each of the founders
  • The name of the enterprise (it must be in Polish or English and it must contain Sp. z o.o)
  • Description of the enterprise’s activities, which should be a maximum of 10
  • Registration address
  • The amount of the authorized capital and the share of each of the founders in it
  • Distribution of functions in the Board (appointment of the Chairman and Members of the Board – who and what functions will be performed in the new Company)

The main stages of company registration in Poland

Step 1. Document processing.

On the basis of the information provided by the founders, the company charter is created, the lease agreement of the legal address is prepared and a full package of the necessary documents is drawn up. To open a company in Poland, all documents are translated into Polish by a certified translator and certified by a notary.

Step 2. Registration in the National Judicial Registry.

All collected documents are submitted to the Registration Court on the basis of the application for registration. A registration fee of 1,000 zlotys is also required. In the personal presence of the founders is not necessary – the submission can be carried out by a trustee. After registration, the company receives its registration number, and all founders – TIN number.

Stage 3. Publication in the «Legal and Economic Bulletin».

The registration of a new enterprise in Poland should be officially announced in a special publication – «Judicial and Economic Bulletin». The publication costs 500 zlotys.

Step 4. Registration with the Social Insurance Office and the Tax Office.

Registration with the Social Insurance Office and the Tax Office
After registration, you will receive the following documents:

  • Extract from the judicial register
  • Charter of the enterprise with notarization
  • Protocol of fees on the foundation of the Company
  • Protocol of transfer of funds in the form of the authorized capital
  • Company Identification Number Certificate (REGON) from the General Department of Statistics

If you want to save time on the creation of a new company in Poland or you do not have the opportunity to visit the country personally, our company can offer you the purchase of a ready-made company in Poland or the registration of the Polish company by proxy. With the help of our lawyers, you can be sure that no important nuance will be missed.

DOCUMENTS THAT YOU RECEIVE AFTER REGISTERING A COMPANY IN POLAND

1. Charter sp. z o.o. in the form of a notarial deed (if the opening was not through Internet, and through a notary)
2. Homep KRS (Krajowy Rejestr Sadowy)
If the company has been assigned a KRS number, then it is registered. There are no supporting documents or evidence on special forms.
3. Number REGON (Rejestr Gospodarki Narodowe)

After the company is registered in Krajowy Rejestr Sądowy, it is necessary to be included in the Register of National Economy (Rejestr Gospodarki Narodowe) and get a REGON number. This is necessary for statistics, respectively the register is maintained by the Main Statistical Office (Główny Urząd Statystyczny – GUS).

4. NIP (Numer identyfikacji podatkowej)  – taxpayer identification number – obtained from the tax office (Urzad Skarbowy).

TAX SYSTEM IN POLAND

Companies and individuals in Poland are obliged to pay the following taxes:

  • CIT (Corporate Income Tax), income tax on legal entities – 9% if sales in the current year do not exceed the equivalent of 2 million euros, and 19% – if sales are higher.
  • VAT (Value Added Tax), Value Added Tax (VAT) – 23% Base Rate, In Particular May Be Lower
  • PIT (Personal Income Tax), income tax for individuals – 17%, 19%, 32% depending on the form of taxation and profit in the fiscal year.
  •  Dividend TAX, dividend tax – 19% for residents, in the case of non-residents it is necessary to look Tax Treaties, the presence of tax agreements between countries.
  • Withholding Tax, income repatriation tax – 0% – 20%. In the case of formal employment of employees in the company, the employer is obliged to make the following contributions: to social insurance and health insurance, as well as to the pension fund, which is about 64% of the net salary of the employee of the Polish company.

VAT rates

  • 0% is applied to export goods, some pharmacy products, books, and agriculture goods. Also, companies with annual turnover of less than 50 000 PLN are not obliged to pay VAT.
  •  8% of the total amount of funds allocated for the period from the end of the year to the end of the year will be allocated to the budget, for the next year and for the next year.
  • 5% for commercial purposes.
  • 23% – basic VAT.

The Polish companies will need to have a functional operation. B More operational operational operational in the field of space. It is possible to use the product in the form of a product.

If you have any questions about the taxation of the Polish company, please contact us and get tax advice from our accountant.

Taxation in Poland

In addition to its strong international position and stable economic environment, Poland attracts the attention of foreign entrepreneurs with its loyal tax system, which is one of the best in the European Union.

The fixed rate of profit tax for legal entities here is 15% For value added tax, reduced rates are applied to certain categories of goods and services.

The tax system in Poland is not a tool to suppress entrepreneurs. The local law governing the mechanisms for the application of the MLC applies the principle of reasonableness and expediency and places the burden of proof on the tax authority.

Personal Income Tax (PIT)

Personal income tax is paid by anyone who receives wages (on the basis of employment and civil contracts) or income from business activities. An exception is tax-free income. As of 2017, the income tax rate for individuals is 32%.

Income tax for legal entities, IT (Corporate Income Tax)

The tax relates to the general income received in the territory of Poland by legal entities that have a board or legal address there. It’s a flat tax, and it’s 15%.

Value Added Tax, VAT

Tax on the purchase of food, clothing, services. This tax is usually included in the price of goods or services (it is the gross price). If the price is net – it means that you need to add VAT. However, in shops and consumer service enterprises, prices already include a tax. In Poland there are different VAT rates: 23%, 8%, 5%, 0% – depending on the type of goods and services:

23%

the basic tax rate

8%

the basic tax rate

5%

certain foodstuffs, etc.

0%
export products, socially important services (banking, medical, postal), etc.

Polish TTC Rules

It should be noted that Poland does not have a codified legislative act in the tax area, and the MLT is regulated by two normative acts: the 1992 Law on Tax on the Income of Legal Entities and the 1991 Law on Tax on Income of Natural Persons. The procedure for the taxation of natural persons, regulated by the latter Law, is based on the fact that the country provides for forms of companies that have the right to carry out economic activities without the establishment of a legal entity.

Another normative act regulating various aspects of the CCT is the order of 2009 «On the method of determination of income of legal entities by estimation and on the method and procedure of exclusion of double taxation in case of correction of incomes of related persons».

It should be noted that the main subjects of application of the CCT are national and foreign related persons in the case of business transactions between them.

The difference of the Polish regulation in the field of TSC is that relatively recently the legislator has provided for a provision which includes the contracts on formation of a company without the right of a legal entity to economic transactions, Joint activity contracts and contracts for units located both in Poland and abroad.

Dependency is determined by: Equity participation of at least 5%, both direct and indirect; Participation or influence on management, when, for example, without 5% equity, can have a significant impact on decision-making; relations up to the second degree and labour relations, as well as property dependence, for example, common activities, common property, dependence on the use of property, etc.

In general, Polish legislation governing MLC enforcement applies the principle of reasonableness and expediency and places the burden of proof on the tax authority.

In addition, the legislator has provided for a number of exceptions for MLC entities, even where the relationship of related persons is traced, namely if the related persons belong to the same tax capital group. Exceptions are also made for the agricultural sector when transactions between the group and its members relate to the sale of products produced by group members.

The article identifies cost criteria of economic operations, excess of which requires preparation of tax documentation regarding the justification of transfer prices.In particular, documentation is required if the transaction cost during the tax year exceeds 100 thousand. Euros (when the transaction cost does not exceed 20% of the authorized capital), 30 thousand. Euros – in the case of the provision of services, sale or transfer to the use of intangible assets; 20 thousand. EUR – when settling with persons placed in offshore zones; 50 thousand. EUR – in other cases.

At the same time, it is not necessary to notify the tax inspectorate about the conduct of transactions by related persons. However, members of the CCT are required to submit to the tax authority the tax documentation that justifies the transfer prices within seven days of receipt of the transfer price.

Since the deadline for submission of documents is short, they should be prepared in advance (for example, at the time of the business transaction or immediately after it is completed).

As a rule, this package of services for the application of TCO and the preparation of relevant documentation is ordered from companies that are engaged in consulting and auditing. This practice lasts for two years, since, as a rule, transactions are carried out with the same related persons and are identical.

In Poland, the activity of the tax authority is not an instrument of repression of entrepreneurs. In principle, well-prepared documentation can be a sufficient argument for the supervisory authority. The content of the documentation is traditional, has standard parameters provided by laws.

At the same time, in the absence of documentation, the person bears tax and criminal liability. Thus, in the absence of documentation, the penalty tax rate on additional income is applied – 50% plus interest on arrears. In addition, criminal liability in the form of a fine of 4 million euros may be imposed. PLN if such documentation is not available or if it contains false information.

CFC Rules (Controlled Foreign Companies) in Poland

Since January 2015, Poland has introduced rules of the controlled foreign company (KIK) according to which Polish tax residents are taxed at 19% on the income received by their KIK. The term KIK includes legal entities such as limited liability companies, as well as transparent, tax-free structures such as transparent partnerships without tax.

These rules apply if one of the following conditions is met:

  1. The registered office or place of effective management of a foreign company is in the jurisdiction included by Poland in the black list.
  2. The registered office or place of effective management of a foreign company is in a jurisdiction that has not concluded an agreement with Poland or the EU on the exchange of tax information.
  3. The registered office or place of effective management of a foreign company is in any other jurisdiction and all the following conditions are fulfilled:
  • At least 50 per cent of his income is passive.
  • At least one type of passive income is taxed in another jurisdiction at a rate that is at least 25% lower than the rate of income tax in Poland (which is currently 19%, therefore the threshold is 14.25%).
  • The Polish tax resident shall have, directly or indirectly, at least 25 per cent of his authorised capital, voting rights or rights to participate in his profit for a continuous period of at least 30 days.

The provisions of the CEC shall not apply in the following cases:

  1. The income of a foreign company in a tax year is less than 250,000 euros.
  2. A foreign company carries out genuine business activities in the EU or in the European Economic Area and is taxed on all income.
  3. A foreign company carries out genuine business activities in a country other than the EU or EEA and is taxed on all its income, provided that:
  • Income is not more than 10% of the revenue from genuine entrepreneurial activity
  • There is an exchange of information between Poland and another country

Poland

capital

Capital

population

Population

currency

Currency

gdp

GDP

Warsaw 38,036,118  PLN $19,023

Poland has emerged as an increasingly attractive destination for entrepreneurs looking to start a business, and several factors contribute to the country’s appeal. One key element is Poland’s strategic geographical location within Europe. Positioned at the crossroads of Eastern and Western Europe, Poland serves as a bridge between different markets, making it an ideal base for companies looking to expand their reach across the continent. This advantageous location not only facilitates easy access to a diverse customer base but also enables efficient logistics and supply chain management.

Furthermore, Poland has experienced remarkable economic growth and stability over the past few decades. The country successfully navigated the global financial crisis and has since maintained a resilient and robust economy. This stability is particularly enticing for business owners, as it creates a conducive environment for investment and growth. The Polish government has also implemented business-friendly policies, including tax incentives and support programs, fostering a favourable ecosystem for entrepreneurship. The country’s commitment to economic development is evident in its continuous efforts to attract foreign investment, making it easier for businesses to thrive and innovate.

In addition to its economic strengths, Poland boasts a well-educated and skilled workforce. The country places a significant emphasis on education, and its workforce is known for its adaptability and proficiency in languages. This skilled labour pool is a valuable asset for businesses, providing access to a talented workforce capable of driving innovation and meeting the demands of a dynamic global market. Overall, the combination of strategic location, economic stability, and a skilled workforce positions Poland as an increasingly attractive destination for entrepreneurs looking to establish and grow their businesses in the heart of Europe.

Business forms to register a company in Poland

Individual entrepreneurial activity – Jednoosobowa dzialalność gospodarcza

Individual entrepreneurial activity – activity aimed at generating income, carried out personally, not depending on the result obtained, is carried out in an organized manner and on a permanent basis, the receipt of income from which is not related to labour contracts (umowy o pracę, o dzieło, zlecenia, najmu) or with the sale of copyright rights. An activity is considered organized and permanent when the work performed is not random in nature and is carried out according to prior agreement. Also, from the point of view of Polish law, individual entrepreneurial activity does not have to bring income – just a declaration that the intention is receiving it.

Benefits of doing business as a jednoosobowa działalność gospodarcza (individual entrepreneur):

  • Low cost of registration
  • Simplified form of accounting and reports
  • Tax is paid on the income of individuals – 18%
  • There is a grace period of 2 years for paying reduced ZUS contributions (insurance and pension contributions)
  • You can suspend activities and not pay taxes for a period of 30 days to 24 months

Every individual entrepreneur in Poland is obliged to conduct accounting. The accounting report includes such actions as keeping a book of income and expenses (KPiR), accounting for the mileage of motor vehicles, calculation of income tax amounts, preparation and submission of VAT declarations. Also, an important point is the storage of documentation.

A sole proprietor in Poland must store every issued invoice (invoice), documents of crediting funds, confirmation payment (applies to paid ZUS amounts), all documents related to fiscal cash register (cash register) – checks, daily reports, as well as no income or expenses.

Limited Liability Company (OOO) – Spółka z ograniczoną odpowiedzialnością

Basic information:

  • Share capital of at least 5,000 ZŁ (about 1,000 euros)
  • Founding a company can be one or more individuals and legal entities
  • Creation of the charter of the company in the form of a notarial deed
  • Subject to corporate tax of 19% (excluding all expenses)
  • Co-owners can perform the duties of members of the company’s board
  • Co-founders are not responsible for the company’s obligations
  • LLC is responsible for the obligations with all its property

Joint stock company (AO) – Spółka Akcyjna

Basic information:

  • Share capital of at least 100,000 ZŁ (about 20,000 euros)
  • AO can be founded by one or more persons
  • Subject to corporate tax of 19% (excluding all expenses)
  • AO business form is suitable for medium and larger enterprises
  • The joint-stock company is responsible for its obligations with all your property
  • Shareholders are not liable for the obligations of the joint-stock company with personal property, liability is limited to the capital contributed to the JSC

Limited – joint-stock company – Spółka komandytowo – akcyjna

Basic information:

  • Share capital of at least 50,000 ZŁ (approx. EUR 10,000)
  • The charter of the company is drawn up in the form of a notarial deed
  • The company is suitable for running large enterprises, in the name the company must have the name of one of the owners
  • The company does not have a legal status, but has the right to acquire property rights in your name, take on obligations
  • Subject to 18% personal tax or legal entities in the amount of 19%
  • In the company, one of the co-owners, the second co-owner (shareholder) is not liable for debts companies

Limited company – Spółka komandytowa

Basic information:

  • No authorized capital required
  • The charter is drawn up in the form of a notarial deed
  • A company can be founded by at least two physical or legal persons
  • Intended for conducting business activities in own company, the name of the company must contain the name of one from owners
  • The company does not have a legal status, but has the right to acquire property rights in your name, assume obligations
  • Subject to 18% tax for individuals or legal persons in the amount of 19%
  • In the company, for the obligations of the company, one of the co-owners, the second co-owner’s liability is limited contributed by the limited amount contributed to the company

Subsidiaries of a foreign company

According to the regulations contained in the law “On economic activities” dated November 19, 1999, foreign enterprises may open subsidiaries and representative offices in Poland. For this, you don’t need to receive no permits, except for the presence of a certificate of compliance with the principle reciprocity issued by the respective consulate.

Branch

Foreign enterprises can open their branches in Poland on the basis of mutuality and for conducting business activities only within the framework of your business goals. A foreign entity, creating its own branch, is obliged to appoint in this branch a person authorized to represent this entity. The branch can start working only after it is included in the National personal register.

According to the Polish legislation on accounting, branches must keep separate accounting records in Poland. Other regulations determine that branches must notify the Polish Minister of Economy and Labor on the following:

  • In the event of the commencement of the procedure for the liquidation of a foreign entity, which opened its branch in Poland
  • In case of loss by a foreign entity of the right to maintain its own entrepreneurial activity
  • In case of loss by a foreign entity of the right to dispose of its assets

The branch must use the name of the parent company in the language country of its registration, as well as indicate your legal entity, in translation into Polish and with the addition of the words: “branch (branch) in Poland”.

Representation

Foreign companies can open their representative offices in Poland only for the development and advertising of their own activities. To open Representatives need to be registered in the Register of Representatives foreign enterprises under the Ministry of Economy and Labor of Poland, which is made on the basis of an application from an interested foreign company.

The application must be made in Polish and contain the following information:

  • Name, place of registration and legal entity of a foreign  company opening its representative office
  • Share capital of a foreign company opening its own representation
  • Type of business activity of a foreign company, opening its representative office
  • Name and Polish address of the person authorized by the represent a foreign company

The following documents must be attached to this application:

  • An act on the formation (agreement on a partnership, charter of a joint-stock company) of a foreign enterprise
  • A copy of the entry in the commercial register or its equivalent
  • Decision of a foreign company on the formation of its representative business in Poland
  • Decision of a foreign enterprise on the size of the contributed shares, if any

The applications listed above, compiled in a foreign language, must be accompanied by certified translations into Polish.

Representatives must use the name of the parent company in the language of the country of its registration, as well as indicate your legal entity in translation into Polish and with the addition of the words: “representation in Poland”.

As in the case of branches, representative offices must be located in Poland separate accounting reports, comply with the norms of Polish accounting and notify the Polish Minister of Economy, Labor and Social Policy:

  • On the elimination of the violation of the right to freedom of movement in P- about the beginning or completion of the procedure for the liquidation of a foreign entity, opened its representative office in Poland;
  • About the loss by a foreign entity of the right to maintain its own entrepreneurial activity;
  • About the loss by a foreign entity of the right to dispose of its assets, as well as any changes relating to the information contained in the application for the registration of a representative office and the amount of the contributed capital.

Documents that you receive after registering a company in Poland

  1. Charter sp. z o.o. in the form of a notarial deed (if the opening was not throughInternet, and through a notary)
  1. Homep KRS (Krajowy Rejestr Sadowy)
    If the company has been assigned a KRS number, then it is registered. There are no supporting documents or evidence on special forms.
  1. Number REGON (Rejestr Gospodarki Narodowe)

After the company is registered in Krajowy Rejestr Sądowy, it is necessary to be included in the Register of National Economy (Rejestr Gospodarki Narodowe) and get a REGON number. This is necessary for statistics, respectively the register is maintained by the Main Statistical Office (Główny Urząd Statystyczny – GUS).

  1. NIP (Numer identyfikacji podatkowej)

NIP – taxpayer identification number – obtained from the tax office (Urzad Skarbowy).

our values

Experienced team

Qualified and competent personnel are responsible for maintaining a high level of legal and accounting services. The strength of our team is experienced legal, corporate and financial services and accountants, who are authorized by the Minister of Finance of the Republic of Poland to provide accounting services.

Flexibility

Our company provides legal services in Poland according to the requests of our clients. The services we offer are tailored to the needs and expectations of our customers. We also find the best solutions for cooperation. In order to support our services, we constantly cooperate with external auditors, lawyers and tax consultants.

100% privacy

We take full responsibility for the services we provide and guarantee the confidentiality of our customers. Personal data provided by customers when registering a company or providing other legal services is used exclusively for these purposes. All provided information is stored on protected media. For us, it is very important to keep our clients’ privacy on a high level on the basis of our GDPR policy.

Individual approach

We provide services of the highest quality thanks to qualified, experienced staff of licensed accountants and lawyers. To provide services, we assign a special team that deals with client’s affairs in a comprehensive manner. This solution provides a personalized approach and allows the customer to be in direct contact with qualified people who are aware of the company’s activities.

Should you aspire to establish your business in Poland and take advantage of the simplified procedure and highly favourable taxation framework, our adept consultants at Regulated United Europe are eager to provide you with the essential expertise to pave your way to success. Proficient in Poland’s business regulations and closely attuned to the legislation in the EU, we can adeptly assist you in setting up a company and additional services. Furthermore, we enthusiastically offer support in accounting and tax optimization. Schedule a tailored consultation today to embark on a new entrepreneurial journey in Poland.

Milana

“If you aim to set up your business in Poland, leveraging its streamlined process and highly advantageous taxation system, get in touch with me today, and let’s commence your business venture in Poland.”

Milana Scherbakova

LICENSING SERVICES MANAGER

phone1+370 661 75988
email2[email protected]

FREQUENTLY ASKED QUESTIONS

The minimum size of the authorized capital at the opening of the company in Poland - 5000 zlotys (about 1000 euros), the upper limits are not limited. The nominal value of the share of 1 participant should exceed 49 zlotys.

The whole procedure can take up to 10 days: in this period includes preliminary discussion and agreement on the name and composition of the founders of the Polish company, signing of the agreement, payment and execution of all documents.

If you are a founder of a Polish company, on behalf of a legal entity you have the right to carry out business in all countries of the European Union. However, you can only find a job as an individual within Poland itself. In order to find a job on your own or to officially hire employees from other countries to work in the territory of any of the European Union countries (except Poland), you will need to obtain a special permit to work in this particular country.

Yes. The founder or a group of persons with foreign citizenship can register in Poland a limited liability company (Sp. z o.o.) and conduct business on the same rights as the citizens of the country. Enough to have a valid passport.

Income tax SP. Z O.O. (LLC) is 19%. The income of the board members is also taxed at a rate of 19 per cent (up to 10,000 zlotys, which each board member may receive monthly on the basis of a general decision at a special meeting). The base rate of the quarterly VAT is 23%, but for certain activities the rate can be lowered and even equal to zero.

Once a month VAT declaration is submitted to the IRS. Once a month or once a quarter profit tax is paid. Once a month, social security deductions are made for each employee.

Yes, but they’ll need to get a work permit in Poland. If employees have a Card of Steel or Map of Polak with an open national visa (category D), no work permit will be required.

Yes, you have the right to purchase and register vehicles on your Polish company.

RUE customer support team

Milana

Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana

Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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