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Polish Sole Proprietorship

Updated on Tuesday 01st September 2015

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The Polish Sole Proprietorship is a simple form of business entity. Individuals who choose to set up a sole proprietorship usually run their own business in their own name and usually run a small business. This type of business can be established by an individual (natural person) or entrepreneur in Poland who has a temporary residence permit in Poland. Our Polish lawyers can help you open a sole proprietorship in Poland.
 
Setting up a sole proprietorship in Poland
 
There is no minimum share capital that needs to be provided when setting up a sole proprietorship in Poland. The entrepreneur (sole proprietor) may begin his or her business activities after submitting an application to the Polish Business Activity Central Register and Information Record. Our lawyers in Poland can help you file the application and obtain all of the necessary documents. 
 
The application for a Polish sole proprietorship must include certain information about the individual: the name of the business, the address and the field of activity. Individuals must also register for VAT in Poland. However, in certain cases in which the yearly incomes do not exceed a specific value, sole proprietors don’t necessarily need a VAT number. The name of the sole proprietorship includes the name and the surname of the individual and must be different from other business names.
 
Managing a sole proprietorship in Poland
 
The sole proprietor may grant power of attorneys to third persons, however, he or she remains the only legal person allowed to manage the sole proprietorship. He or she is fully liable for debts and the liability is unlimited. A sole proprietor can hire employees in Poland, however, the individual must hand all the accounting issues and prepare the annual financial statements.
 
Individuals operating a sole proprietorship in Poland must pay personal income tax. There are two taxation options for sole proprietorship in Poland:
- a progressive tax rate: 18% if the annual income is under 85,000 PLN and 32% if the annual income exceeds that amount;
- a flat tax rate of 19%.
 
The Polish sole proprietorship has certain advantages including low costs for opening and running the business and the easiness with which it can be established or dissolved. Our law firm in Poland can help you open a sole proprietorship in Poland and offer you complete company management and tax planning services. 
 
 

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