Company formation in Poland – the benefits!
Being the largest market in Central Europe, Poland has stable and growing economy, mainly due to its private business sector. The national government appeals to foreign investors who make their choice in favor of Polish company formation. The most substantial government aids are granted to foreign investors who direct their activities to the area of research and development, environmental protection and sources of renewable energy.
- The formation of companies in Poland can be processed during client’s visit or remotely, and may take up to 6 weeks.
- A foreign entrepreneur may organize its economic activity in Poland in the form of a joint stock, a limited liability company, a partnership or a sole proprietor.
- A limited liability company is the most preferable type of business formation for the investors, as it has the least complicated process of attracting investment capital.
The minimum requirements for setting up a company formation in Poland are considered to be the biggest benefit that attracts investors:
- Minimum share capital of 5,000 zlotych.
- Minimum number of directors is one.
- Execution of the Company’s Articles of Association in the form of a notarial deed.
- Appointment of the company bodies.
- Official registration in the commercial register in accordance with Polish law.
- Annual accounts to be prepared and held at company offices.
- Founder of the business fomation is required to visit Poland to open a bank account.
- An annual general meeting of executive chefs and shareholders has to be held in Poland.
What makes formation of the company in Poland so attractive for foreign investment?
Here are some of the key benefits in company formation:
- The most attractive geographical location in Central Europe what makes companies easily engaged in import and export activities.
- The largest market in Central Europe.
- Low labor costs.
- Membership in the EU, EEA, the World Trade Organisation and the OECD.
- Polish exchange rules correspond to the EU legal standards and there are no restrictions on capital flows between Poland and member countries of the EEA and OECD.
- A strong and politically stable economy.
- No restrictions on foreign shareholders.
These are only some of the advantages of setting up a business in Poland. Facts speak for themselves, Poland demonstrates a huge increase in foreign investment into the country, fueling constant economic growth of more than 5% a year and a GDP per capita of approximately $20,000.
Take a chance to access this new, exciting market by setting up a prosperous company formation in Poland.