Poland Company Formation
Situated in the heart of Europe, Poland has been an EU member since 1 May 2004, joint Schengen starting March 2008, and its currency is zloty. The official body responsible for company registration and company maintenance in Poland is the National Court Register.
Poland is open for business and welcomes foreign investment and business immigrants. To register a company and set up your business in Poland, it opens your door of doing business in EU. To form your own company in Poland, the first thing to consider, is choosing the proper type of company. Limited Liability Company (LLC) is the most popular format of company in Poland among both the Poles and foreign investors.
Incorporation of Limited Liability Company in Poland
1. Legal system
The legal system of Poland is based on the Continental Legal System(civil law tradition).
2. Restrictions on foreigners of company registration in Poland
None, anyone can register a LLC company in Poland
3. Time frame for company formation in Poland
10-working days for e registration, 3-5 weeks for notary registration.
4. Share capital to open a company in Poland
The minimum initial capital is 5000 PLN.
5. Shareholders for company registration in Poland
A Polish company must have at least one shareholder. Shareholders may be natural persons or legal entities.
6. Directors for company incorporation in Poland
A Polish company must appoint at least one natural person as director. Any additional directors may be natural persons or bodies corporate. The directors may reside in any country.
7. Shareholder and director meetings
8. Registered office for company formation in Poland
The company must have a registered office in Poland.
9. Financial statements
Polish companies are obliged to prepare annual balance submission.
Companies which carry on business within Poland are subject to Profits Tax on their net profit. The current rate of Profits Tax is 19%.
11. Double tax treaties
Hong Kong has signed several double tax treaties with several jurisdictions around the world.
Depending on the nature of its business activities, a Polish company may be required to register for VAT or allowed to do so voluntarily. The maximum rate of VAT is 23%.
Prices for LLC incorporation in Poland
1299 euro - electronic company formation (online company formation) – does not include virtual adress service.
Registration takes 10 working days.
1399 euro - notary company formation – does not include virtual address service.
Registration takes 3-5 weeks.
Get the Best solution for your company registration in Poland
Company formation in Poland through notary registration, can be achieved remotely, without shareholder's personal presence, on the basis of power of attorney.
Give us a call or write to us today, and get your business solution in Poland and EU.
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