Company in Poland

Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

Company incorporation in Poland

Poland is one of the only European countries to maintain positive growth despite the financial crisis. Growth, which reached a record 6.7% in 2007, ended the year 2009 at 1.7% on average, and forecasts are 2.5% for 2010. To stabilize the financial sector and the economy, the government focuses on tax breaks and reduced interest rates in particular.

Types of companies

There are several types of businesses for foreign investors:

• Limited liability company (sp. z o.o)

• Stock company (SA)

•Partnership

• Sole Proprietor

Limited liability companies (sp z o.o) are the most common corporate status of medium and large businesses. They are usually used by foreign companies to become established in the country.

Tax system

The economic system of Poland is one of the most liberal in Central Europe. The corporate tax was lowered in 2004 from 27% to 19%, the government wanting to reduce the pressure on companies and attract job-creating investment.

Under EU law, the free movement of capital is the rule.

The Polish economy is one of the most attractive for foreign investors. Note particularly the tax incentives in investment spending, grants of up to 50% for projects creating new jobs, benefits in areas of high unemployment, or tax exemptions in free-trade areas.

Accounting

In accordance with standard practices in the EU, companies must register and submit annual accounts to regulatory authorities. Annual audits are mandatory for larger companies.

Tax rate• Income tax: 19% • Tax on capital gains: 19% • Tax on interest and royalties:20% • Tax on dividends: 19% • Income of foreign companies: 19% • VAT: 22%
Minimum capital5,000 PLN (1,211 , entirely paid at the incorporation)
ShareholdersMinimum of one associate
Foreign shareholdersYes
DirectorsA minimum of one director
Foreign holdingYes
Legal obligations• Mandatory supervisory board for companies with more than 25 partners and capital of more than 500,000 PLN (121,086 € ) • Optional annual audit
Deadline4 to 6 weeks from the receipt of all documents pertaining to the company’s creation. 1 week for VAT registration
HeadquartersBusiness address, telephone transfer, fax, and mail Possibility to have a physical office (prices vary depending on demand)
AccountingAnnual financial report, schedules, and management reporting obligatory, based on an estimated number of monthly bills and a forecast of annual turnover.

Do you want to establish a company in Poland?

Contact

Contact

Contact us by filling out the form at the bottom of the page.
Remember, the more information you provide us at the beginning of cooperation, the sooner we will be able to prepare an offer for you. If we deem it necessary due to the scope of the inquiry, we will offer you a paid consultation aimed at preparing an offer for you with elements of tax planning.

Payment

Payment

Choose the payment method – we accept transfers and payment by credit / debit card and blik.

The stage of collecting information necessary to establish a company

The stage of collecting information necessary to establish a company

After accepting our offer, we will send you a list of information and documents that we will need to establish a company for you quickly and efficiently. At this stage, our specialists will provide you with professional advice and experience enabling you to efficiently collect the required documents and information.

Receipt of company documents

Receipt of company documents

After registering the company, we will inform you about obtaining the documents – we can send them to you by courier, or arrange their collection at the office. If you have chosen the service of opening a bank account that requires personal appearance, our specialist will provide you with the company’s documents when assisting you in opening a bank account.

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Michał Gawlak

Partner / Attorney-at-law

Are you interested?

    The purpose of establishing the company
    Initial consultation including structure optimization
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