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Company Formation Poland



Capital Market Regulations in Poland

Updated on Friday 08th December 2017

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Capital-market-regulations-in-PolandLegislation on capital markets in Poland

Poland is a very appealing country for foreign investors due to its development during the last few years. One of its main attractions are the capital markets because of their flexible regulations for floating companies. The main laws governing capital markets in Poland are:

  • -          the Financial Market Supervision Act of 2006;
  • -          the Capital Market Supervision Act of 2005;
  • -          the Trading in Financial Instruments Act of 2005;
  • -          the Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies Act of 2005;
  • -          the Investment Funds Act of 2004;
  • -          the Commodity Exchanges Act of 2000.

The most recent document on capital markets in Poland is the Bonds Act which was enabled in 2015. Our Polish experts can provide you with more information about the current legislation on capital markets.

Requirements to float a company on the Polish capital markets

The main authorities supervising capital markets and listed companies in Poland are Financial Supervisory Authority (PFSA), the Warsaw Stock Exchange (WSE) and the National Depository of Securities (NDS). Each authority will establish its own regulations and recommendations for listed companies. However, the PFSA is in charge with the authorization of companies to be listed and with the supervision of the Polish capital markets.

Only joint-stock companies are allowed to trade shares on the WSE in Poland based on the appropriate documentation and the minimum capital requirements as established by the PFSA. Also, only companies with at least 3 years of activity are allowed to list their shares on the Polish capital markets. Foreign companies are also allowed to float shares on the capital markets in Poland in accordance with the European Commission Regulation (EC) No. 809/2004.

The main steps to list a company on the capital markets in Poland

There are several steps a foreign and a Polish company must follow in order to list its shares on the capital market. These are:

  • -          change its corporate status, if necessary;
  • -          holding a general shareholders’ meeting in order to approve the public offering of shares;
  • -          preparing the issue prospectus;
  • -          submitting the prospectus with the PFSA;
  • -          publishing the prospectus approved by the PFSA;
  • -          making the public offering.

After the offering is closed, the company must submit two applications: one with the WSE in order to be allowed to list its shares, and one with the NDS in order to register the issuance of shares or other trading instruments.

If you need assistance in listing a company on the capital market, do not hesitate to contact our specialists in company formation in Poland.


Meet us in Poland


Maciej Oniszczuk is the Managing Partner of our company. He is specialized in commercial law and has helped many businessmen set up companies in Poland.


Call us now at + 48 570 978 609 to  set up an appointment with our company formation agents in Poland. As our 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);

- free and complete legal information featured on our site, at your disposal.

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Starting a company in Poland can be difficult since it involves such complex procedures. The team from is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, partner of MHC Law Firm

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