Direct foreign investment is encouraged in Poland and foreign entrepreneurs are treated the same way as local ones. A few exceptions do apply in sectors like fuel and energy, aviation services, mining or security services.
There are a few requirements for legal entities, including for foreign-owned ones, such as having a registered office in Poland and opening a bank account. As far as the profits of foreign entities in Poland are concerned, foreign investors are allowed to remit all of their profits abroad.
The country has an extensive tax incentive program and favors R&D activities. Tax deductions of 30-50 percent are possible for qualifying research and development activities. What’s more, Poland has a large number of Special Economic Zones
where companies benefit from preferential tax regimes and business terms.
Frequent Asked Questions about Polish Company Formation
1. Can a foreigner open a company in Poland?
Poland has a good foreign investments policy and welcomes foreign entrepreneurs
. The Special Economic Zones
are the best indicator that the Government is taking steps for encouraging foreign companies.
2. What are the types of companies that can be incorporated in Poland?
The limited liability company
, the joint-stock company, general partnership, limited liability partnership, limited partnership, limited joint-stock partnership, civil partnership or sole proprietorship are all available business forms in Poland.
3. Does the company need to have an office in Poland?
Yes. A registered office is needed for any company incorporated in Poland.
4. What are the steps for company formation in Poland?
After choosing the appropriate company type the business owner must find a suitable and available business name. The company must be registered at the Polish Trade Register and it must also be registered for VAT purposes
5. What is the minimum share capital in Poland?
The minimum share capital for a limited liability company is 5,000 PLN while for a joint-stock company this capital is larger, at 100,000 PLN. Certain types of partnerships in Poland will also require a minimum share capital.
6. What are the requirements for opening a bank account in Poland?
The company representative must provide company documents in order to open a bank account for the company. The process can be done online for most banks in Poland and the administration fees for the account will vary according to the chosen bank.
7. Do you need special permits and licenses in Poland?
Permits, licenses or authorizations are needed for certain activities like banking, pension funds activities and those in other investment funds, insurance activities or collective water supply or waste removal activities.
8. What are the taxes for companies in Poland?
The corporate income tax in Poland has a rate of 19%. Other Polish taxes include the real property tax, capital duty, stamp duty, transfer tax and others.
9. How fast can you start a new business in Poland?
The company incorporation process can last 30 days, at most. With the help of our team of Polish company formation consultants you can begin business activities as soon as possible.