Ready Made Company in Poland
A ready made company in Poland – why purchase an existing business?
One of the questions which many entrepreneurs have to answer before moving to a foreign market is whether it is better to start a new business from scratch or buy an existing company there. Both options have benefits and downsides. But from our perspective, the advantages of starting with a registered firm make this an option worth considering.
Buying a ready made company in Poland: the main benefits
According to statistics, about 20% of small businesses fail in their first year making it even more critical to start correctly. Obviously, there are several factors which might influence the decision to establish a new business. But once you decide to buy a ready made company in Poland, you choose to:
- Save time
- Avoid paperwork
- Start a credible business
The next few lines will provide you with more profound insights regarding these pros.
Saving Time: Start Your Transactions Immediately
To open a company, an entrepreneur must collet registration documents, translate them into the national language and submit them to the appropriate institutions. This might require plenty of time. Thus, buying a registered firm, for example, a ready made LLC in Poland is a more effective solution. Such companies are quicker to obtain because all you need is change the ownership. And this a matter of 1-2 days.
In other words, if you buy a registered company, you will be able to start your trade, sign contracts, and participate in any kind of tenders immediately. Note that you will get a banking account too which is a huge plus for a foreign businessman in Poland.
Avoiding Paperwork: A Planned Business Already
When you buy a ready made Poland LLC, you get all statutory documents with it. All you need is make certain amendments to describe the changes you bring to the company (for example, the new name, scope of activities and other).
Also, you don't need to go through dozens of potential names for your company because you will get a list of pre-determined names. All you have to do is pick the one that looks the most attractive to you. However, this does not mean you cannot choose a customized name. This is your choice!
Starting a Credible Business: A Reputable Company with Several Years Behind
Another reason to buy a ready made company in Poland is its history. Since the company was incorporated sometime earlier, it will look more credible and trustworthy for banks, clients, and partners. You will be able to start building a solid reputation from the very beginning. Plus, our lawyers will make sure the firm is clean and has no debts so that you don't have any problems with it.
How to Buy a Ready Made Company in Poland
The procedure for purchasing a registered legal entity is simple. In fact, you are just a few steps away from launching a new business in Poland:
- The new owner and the existing one should go to a notary public to sign an agreement to legalize the deal.
- The owner should re-register the company’s bank accounts to their name.
- Articles of Association should be changed to reflect the changes.
- The new owners must gather shareholders to appoint a new board.
- A duty on transfer should be paid.
- A notification should be filed to a court.
Note that a foreigner is not obliged to be present in Poland to buy a company. Our lawyers are ready to assist you at every stage of the deal. We will help you choose a reliable legal entity and go through the whole process smoothly.