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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

Other Benefits

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

Poland Type of Companies

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.)

Company Documents

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.

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