Poland Company Formation
- The most popular jurisdiction of international tax planning.
- Time of Poland company formation takes 3-4 weeks.
- Personal presence is required.
- Popular company type:
- Polish Limited Liability Company — Sp. z o.o. (spółka z ograniczona odpowiedzialnością.
Tax Rates in Poland
Corporation Tax in Poland: 19% (Reduced rate 9% for small business since 01.01.2019)
Income Tax in Poland:32%
VAT Tax in Poland:23% (reduced rates of 5% and 8%)
About Poland
Capital: Warsaw
Region: An eastern European country on the Baltic Sea.
Language: Polish
Currency: Polish złoty
Time Zone: GMT+2
Dial Code: +48
Abbreviations: PL
What we can do for your Company in Poland
- We do all paperwork on forming the company in Poland
- Formation is completely remote
- Can act as Secretary or Treasury
- Provide nominee Directors/Shareholders
- Assist with opening a bank account
- Registration for Taxes, VAT & EORI
- Develop a website for your business
- Create a logo of your brand
- Provide with full company administration services
- Arrange a mailing address for your business
- Arrange a virtual office for your company
- Telephone answering service
- Book keeping, audit & reporting
- Preparing and submitting VAT return
- Dealing with local authority
- Trademark registration
Poland Company Formation. Polish Limited Liability Company – Sp. z o.o. (spółka z ograniczona odpowiedzialnością)
Main Characteristics and the basic rules of Company registration in Poland
| Poland Company Formation | Confidentiality and Security |
| Publicly Accessible Records: | Yes, accessible |
| Nominee Shareholders and Nominee Directors: | Yes, Allowed |
| Disclosure of Beneficial Ownership to Authorities: | No |
| Meetings of Directors and Shareholders to be held: | Anywhere |
| Stability & Advantiges: | Good jurisdiction and respected reputation. Great location of the country gives the access to wide markets and to millions of consumers. |
| Poland Company Formation | Financial Advantages |
| Taxation | 19% Corporation tax; Withholding tax of 19 %. |
| Double Taxation Treaty Access: | Yes Treaty Access |
| Obligation for VAT Registration | A Polish company is required to register for VAT within 20 days of starting its business activity. Standard VAT rate 23% |
| Polish Tax Information Exchange Agreements: | Yes, Poland signed Exchange Agreements |
| Account Filing Requirements: | Yes accounting / reporting requirements |
| Annual Return Filing Requirements: | Yes annual return/ reporting requirements |
| Audit Requirements: | Auditing of the accounts is only required if the company exceeds a certain size. |
| Poland Company Formation | Registration Requirements |
| Share Capital: | The minimum share capital of this company type is €1,200 and must be fully paid on incorporation. The lowest permitted value of a single share is PLN 50 (appx €12) |
| Classes of Share Available for Polish company formation: | Shares in a limited liability company are rights, not securities, so share certificates are not issued |
| Bearer Shares: | Not Allowed |
| Registered Office Required: | An sp z o.o. must have a registered office and a resident agent. The registered office must be a physical address in Poland as it is where documents may be legally served on the company |
| Shareholders/Members: | Only one shareholder of any nationality, is required. May be individuals or corporate bodies. 100% foreign ownership is permitted. A shareholder register must be kept at the registered office. |
| Management Board | The company must have a Management Board, which may consist of one or more members. Under Polish law, only individuals and not corporate bodies can be members of the Management Board. There are no restrictions on the nationality or domicile of the Management Board |
| Directors: | Minimum number is one. Can be any nationality and need not be resident in Poland. Corporate directors are not allowed. |
| Your Company language: | Polish. |
| Name of your Company must be ended: | The name of your Polish company, should contain the suffix spólka z ograniczona odpowiedzialnoscia or, the abbreviation spólka z o.o. or sp. z o.o to denote Limited Liability. |
| Documents required for Denmark company formation: | Proof of identity (passport, national identity card, photographic driving licence). Proof of residential address (gas/electricity bill or credit/debit card bank statement dated within the last three months) |
| Poland Company Formation | Restrictions |
| For Polish company formation you cannot use words in your company names without justification: | ‘Bank’, ‘insurance’ and ‘group’ require special permission. |
| Restrictions on Trading: | None |
| Not permitted without a licence: | Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision. |
| About Poland | |
| Capital city: | Warsaw |
| Region: | An eastern European country on the Baltic Sea |
| Political System: | Unitary semi-presidential representative democratic republic whereby the President is the head of state |
| Government: | The Prime Minister is the head of government |
| Governing corporate legislation: | Companies Act 2000 |
| Type of Law: | Civil law tradition |
| Currency: | Polish złoty |
| Exchange Control: | None |
| Language of Legislation and Corporate Documents: | Polish |
| Time zone: | GMT+2 |
- European Union membership, the country is located at the very heart of Europe and it is useful to have an operating company there.
- Such location offers to the foreign investors numerous advantages for business.
- EuroUnion country gives the access to wide markets and to millions of consumers.
- Numerous Polish airports and seaports allow the transport of goods all over the world
- Limited Liability Company (Spółka z ograniczoną odpowiedzialnością – Sp. z o.o.)
- Joint-Stock Company (Spółka akcyjna – S. A.)
- Registered Partnership (Spółka Jawna – Sp.J.)
- Limited Liability Partnership (Spółka Komandytowa – Sp. K.)
- Limited Joint-Stock Partnership (Spółka Komandytowo-Akcyjna – S.K.A.)
What you will receive after company formation is done:
– Incorporation act
– Tax number certificate NIP
– Statistic certificate REGON
– Registration certificate in the polish national court KRS
– Custom document for import & export EORI
– Virtual address with downtown Warsaw location for one year
– Company stamp and president stamp
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This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
