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FAQ

Is it compulsory for the beneficial owners to visit Poland during the company incorporation process?

No, the incorporation process can be conducted by a law proffessional from our office on the basis of a power of attorney or by selling the shares of a ready made company to the new shareholders. Thus, it's not mandatory for the beneficial shareholders to be in Poland during any stage of the company incorporation unless they willingly want to.

 

 

 

What factors should I consider after the company incorporation in Poland?

  • Get a Tax Number from the PolishTax Authorities
  • Confirm if there is a need to register for a V.A.T. number
  • Inquire if it's necessary to register with the Social Insurance authorities in Poland

What do you need to open a bank account in Poland?

You can open a bank account with any bank in Poland. For a company bank account, you have to submit the company incorporation documents along with a copy of passport(s), utility bills, bank reference letter, etc.

Is it mandatory for a company to have an office in Poland?
 
 

According to the Polish law, it's compulsory to have a local registered office in Poland. It's critical for receiving mail and tax purposes. Furthermore, accountancy for company registration in Poland is also compulsory.

 

What is the minimum share capital required to open a company in Poland?

According to the Polish company law, the types of companies that require a minimum share capital are the following:

  • Polish limited liability company: 5,000 PLN (approximately 1,200 EUR)
  • Polish joint-stock company: 100,000 PLN (approximately 24,000 EUR)
  • Polish limited joint-stock partnership: 50,000 PLN (approximately 12,000 EUR)

What are the types of taxes levied in Poland?

Standard corporate income tax:19%
9% (reduced rate for new companies in the first year of business activity and small taxpayers with revenue in tax year not higher than 1,2 mln EUR expressed in PLN) or
5% (non standard tax rate) for incomes from intangible property

Is it required to have special permits or licenses for doing business in Poland?

Establishing and operating a business in Poland as a foreigner is highly regulated. Certain types of business activities require special permits, and they differ depending on the company’s type of activity.

 

What are the types of companies that one can open in Poland?

Foreign individuals who are not from EFTA member countries which are parties to the European Economic Area Agreement can undertake and perform business activities in Poland but exclusively in the form corporate business: limited partnership, limited joint-stock partnership, limited liability company and joint stock company. Those from EFTA member countries can undertake and conduct business activities on the same terms and conditions as Polish entrepreneurs.

 

 

Why should you invest in Poland?

Poland might not have the lowest tax rates but it has one of the most attractive and strategic georgraphical location for foreign investments. Bloomberg and many other international reports highlight the economic and political stability of Poland, educated and competent human capital and a large domestic market among many other perks.

Can foreigners incorporate a company in Poland?

 
The short answer is: yes, but there are several other factors to be considered. Individuals from EFTA member countries which are parties to the European Economic Area Agreement can undertake and conduct business activities on the same terms and conditions as Polish entrepreneurs. The same applies to people from other countries than mentioned above, if they have a permit to settle in the Polish territory or a tolerated residence permit. People from other countries, other than those mentioned above also do have a right to undertake and perform business activities in Poland but exclusively in the form corporate business: limited partnership, limited joint-stock partnership, limited liability company and joint stock company.
 

How long does it take to open a company in Poland?

The company incorporation process varies depending on the type of company. Usually the whole procedure does not exceed one month.

Jaki jest minimalny kapitał zakładowy wymagany do otwarcia firmy w Polsce?

 

Zgodnie z polskim prawem rodzaje spółek wymagających minimalnego kapitału zakładowego są następujące:
 

  • Polska spółka z ograniczoną odpowiedzialnością: 5000 PLN (około 1200 EUR),
  • Polska spółka akcyjna: 100 000 PLN (około 24 000 EUR),
  • Polska spółka komandytowo-akcyjna: 50 000 PLN (około 12 000 EUR).

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