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. Our
Polish company formation experts invite you to watch a short video about the particularities of a
shelf company in Poland: