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.<\/p>\n\n\n\n
There are several types of businesses for foreign investors:<\/p>\n\n\n\n
\u2022 Limited liability company (sp. z o.o)<\/p>\n\n\n\n
\u2022 Stock company (SA)<\/p>\n\n\n\n
\u2022Partnership<\/p>\n\n\n\n
\u2022 Sole Proprietor<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Under EU law, the free movement of capital is the rule.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\nTax rate<\/td> \u2022 Income tax: 19%<\/strong> \u2022 Tax on capital gains: 19% <\/strong>\u2022 Tax on interest and royalties:20% <\/strong>\u2022 Tax on dividends: 19%<\/strong> \u2022 Income of foreign companies: 19% <\/strong>\u2022 VAT: 22%<\/strong><\/td><\/tr> Minimum capital<\/td> 5,000 PLN <\/strong>(1,211 \u20ac<\/strong>, entirely paid at the incorporation)<\/td><\/tr> Shareholders<\/td> Minimum of one associate<\/td><\/tr> Foreign shareholders<\/td> Yes<\/td><\/tr> Directors<\/td> A minimum of one director<\/td><\/tr> Foreign holding<\/td> Yes<\/td><\/tr> Legal obligations<\/td> \u2022 Mandatory supervisory board for companies with more than 25 partners and capital of more than 500,000 PLN (121,086 \u20ac ) \u2022 Optional annual audit<\/td><\/tr> Deadline<\/td> 4 to 6 weeks <\/strong>from the receipt of all documents pertaining to the company\u2019s creation. 1 week <\/strong>for VAT registration<\/td><\/tr> Headquarters<\/td> Business address, telephone transfer, fax, and mail Possibility to have a physical office (prices vary depending on demand)<\/td><\/tr> Accounting<\/td> Annual financial report, schedules, and management reporting obligatory, based on an estimated number of monthly bills and a forecast of annual turnover.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"tags":[],"type-jurisdiction":[53],"class_list":["post-4029","jurisdiction","type-jurisdiction","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction"}],"about":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/types\/jurisdiction"}],"author":[{"embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":2,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4029\/revisions"}],"predecessor-version":[{"id":5037,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/jurisdiction\/4029\/revisions\/5037"}],"wp:attachment":[{"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/media?parent=4029"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/tags?post=4029"},{"taxonomy":"type-jurisdiction","embeddable":true,"href":"https:\/\/spolki.cgolegal.pl\/en\/wp-json\/wp\/v2\/type-jurisdiction?post=4029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}