Open a Company in Poland

Updated on Wednesday 23rd August 2017

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Company Formation in Poland

For company formation in Poland contact us now. The procedure in this case includes drafting the articles of association, as well as drafting other documents required when starting a company in Poland, such as specimen signatures, affidavits and special forms. Some public notary procedures are also required for company formation in Poland. Also a Polish registered office is needed for receiving mail and tax purposes. Accountancy for company registration in Poland is also compulsory. The investors have the opportunity to choose from various types of Polish structures.

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Types of companies in Poland

Many entrepreneurs decided to invest in Poland choose a Sp. z o.o. (Limited Liability Company) as the sturture most suited for their business purposes. Like in many jurisdictions, including in Estonia where the limited liability company is named OU, this type of business structure is the most popular in Poland. As a particularity, the incorporation of a SP.z.o.o requires a minimum share capital of 5000 PLN, divided into non-transferable shares. At least one shareholder, one director and a registered office are necessary for company formation in Poland. The liability of its members is limited by their contribution to the capital.

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.

Other forms of entities are the partnerships where it is compulsory for at least two parties to join in order to set it up. There are several types of partnerships in Poland such as the general partnership (where all the partners are liable for the entities actions equally and can split the profits among them) and 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)

Polish Branches, Subsidiaries or Representative Offices are type of structures that refer to foreign companies that may be opened in Poland as either an entity from the parent company or an extension of the parent company.

The incorporation Procedure in Poland

Starting a company in Poland requires at least one shareholder and one director are required for company formation in Poland and it is compulsory to have a registered office for the respective company.

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.

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.

VAT deductions. 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.

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.

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. If you need to incorporate a company in another country than Poland, for example in Hungary, we recommend you to contact our Hungarian company formation partners. Furthermore, if you are interested in forming a company in Slovakia or Iran, our partners are at your disposal.

An Economic Overview of 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.

In 2008, there were registered more than 21,000 foreign companies in Poland, according to the Polish Statistical Office. When it comes to attractiveness, Poland is the eighth country in a top of preferences of foreign investors. The main industries in Poland are auto, coal mining, chemicals, shipbuilding, food processing, beverages and textiles. It is estimated that 36% of the foreign capital is invested in manufacturing. The other main sectors that attract capital to Poland are financial services, transports, logistics and data transfer. Polish agriculture is an area that begins to represent an increasingly more attractive investment opportunity. Also, due to the high growth of Polish economy in recent years, the real-estate market is another area that cought the investors' attention. Germany is the main investor when it comes to company formation in Poland.

Companyformationpoland.com is a part of Bridgewest.eu, an international network which has affiliated partners throughout the world, including our company formation specialists from Malta, our company formation experts from Slovakia and partner Polish law firm that can provide local legal assistance to foreign investors.

Comments

Luke 2014-12-02
Hi, I wanted to speak to you regarding your site www.companyincorporationpoland.com, give me a call 877-405-8518. - Luke Goodman
Amar Algohar 2014-12-03
please provide us the details for a formation of limited liability company for one of our client. total cost and time and any other requirement. we may give you regular clients if your charges are reasonable and services are effiecient. CompanyIncorporationPoland.com REPLY: Thank you very much for your request. For prices and full details kindly send us an email via our contact form and we will reply in 24 hrs.! Regards, CompanyIncorporationPoland Team
Afzal Khan 2014-12-07
i wish to open a company with multi-businesses (group of companies). i am pakistani currently living in arabian gulf (Kuwait). I am planning to visit poland in August 2015. how can you help me. Thank you,

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Meet us in Poland

Call us now at +48 42 663 65 03 to set up an appointment with our lawyers in Poland. As a CGO Legal Counseling client, you will beneficiate from the joint expertise of local lawyers and international consultants for opening a company in Poland.

We offer:

- cost-efficiency: competitive company formation prices;

- prompt response to your inquiry (maxim 24 hours);

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Company Formation Poland

Open a Company in Poland

Company Formation in Poland

Types of companies in Poland

The incorporation Procedure in Poland

An Economic Overview of Poland

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