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Shelf Companies in Poland
Updated on Tuesday 21st September 2021 Rate this article
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Ready-made companies in Poland
Shelf companies in Poland are legal entities that have been incorporated but have not yet performed any commercial activities. They can be purchased by foreign investors who want to shorten the time for company incorporation. This is a preferred method for starting a business in Poland because the business activities can be commenced right away.
This type of corporate entity can also be used to purchase real estate or apply for certain licenses and credits. Owners who will want to change the Polish company structure after purchasing a ready-made company will still have to register the changes with the Polish Trade Registry.
Our Polish company formation experts invite you to watch a short video about the particularities of a shelf company in Poland:
The advantages of a shelf company in Poland
The advantages of a shelf company in Poland include a significantly shorter time before being able to begin the commercial activity, creditworthiness and a safe and clean background for the company. However, investors who choose to purchase this type of company are advised to perform a company due diligence procedure, just like when purchasing an existing Polish company. The verification is necessary to make sure that the company is indeed free of any liabilities and has no financial debts.
Investors who buy a ready-made Polish company have the freedom to change the company name after the transfer is complete. Other changes are also possible like designating new company representatives or adding new or additional objects of activity for the company. According to the Polish Commercial Companies Code, the new company owner must registered these changes within 7 days.
Buying a shelf company in Poland
When opening a new company in Poland, the founders need to provide certain incorporation documents and notarized copies. This is also applicable for shelf companies. The new owner will have to submit a series of required documents so that the company can be fully transferred.
The company’s Articles of Association will be amended to include information about the new shareholders and the management board. A Share Transfer Agreement is drawn up and notarized in order to perform the registration of the share transfer in the shelf company. A formal registration with the Trade Register will take place after all the documents are prepared.
After the transfer of shares in complete, the Polish shelf company can begin its commercial activities. The new company owners should also make all the necessary arrangements to take control over the company’s bank accounts. A shelf company in Poland is typically provided with a REGON number and a VAT registration.
How long does it take to purchase a ready-made company in Poland
Each investor willing to set up a company is aware that time is money and any entrepreneur who has a good idea for a business must begin to implement it as soon as possible. As the procedure of setting up a company from the beginning requires more time and effort, a Polish ready-made company is a profitable choice. For example, the registration of a new company can take up to four weeks from the entry in the Commercial Register to further registrations for VAT and tax numbers.
By opposite, most firms that offer ready-made companies can conclude all the procedures in maximum two days, which represents a big advantage of buying a ready-made company in Poland.
What offers a ready-made company in Poland
A Polish shelf company is fully registered and for this company there have been issued the NCR, tax, VAT, EU VAT numbers. You will also usually receive all documents and tax returns submitted to the office up to the date of purchase and for most ready-made companies offers you can use the providers' services of accounting, tax, as well as services related to human resources and payroll.
You should also make sure that the company has never conducted any business, has no assets, employees or debts, facts usually guaranteed by the sale contract of shares certified by a notary.
How can a ready-made company in Poland be used
A ready-made company in Poland can be used for any type of business, but it is usually used as SPVs (Special Purpose Vehicles) for real estate or for the acquisition of another company, as limited liability companies to enter in the local market and start a business in short time (instead of a longer period of time which would have been required to set up this type of company), companies that need to obtain certain licenses or certificates. These situations offer an important advantage of a ready-made company in Poland.
What other benefits can offer a ready-made company in Poland
In Poland it has been recently recorded a sharp increase in the numbers of investors interested in buying a ready-made company also due to the willingness of taking advantage of EU grants under the Programme for Innovative Economy. Shelf companies for sale represent the perfect solution in this case in order to save time and effort for obtaining grants. The possibility to apply and take advantage of a governmental grant is an important advantage of a ready-made company in Poland.
When you purchase a shelf company you can request the services of accountants in Poland once you start the activities.
If you need help purchasing a shelf company in Poland, our experts can help you. Our team of specialists in company formation can help all investors interested in buying a shelf company in Poland with specialized advice and consultancy. We offer high quality services and fast delivery of results. Contact us for more information about our services.
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