Polish company form easily

Aug 6th, 2022
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How to polish company form

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Surprisingly low corporate tax, wide selection of banks for business, and big local market. Lets check why you should register your business in Poland. Poland is a country located in the heart of Europe with a stable economy and attractive conditions for doing business. It is sixth largest market in the European Union and the leader in the region in terms of foreign investment. Lets start with taxation for Small and Medium Enterprises. Sounds interesting? This applies to the companies with the revenue up to to EUR 1.2 m and to the newly registered entities in their first year of operation. Companies in Poland dont pay dividend tax, the taxation is on the receiver. Whats more, you dont need to worry about the double taxation. Poland has signed Tax Treaties with 80 countries like: Israel Ukraine or Turkey. Company registration can be done fully remotely without your personal presence. It allows you to save money and time. Your personal presence is necessary only during the bank

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The main types of companies in Poland are Partnerships (Registered Partnership, Professional Partnership, Limited Partnership, Limited Joint-Stock Partnership) and Capital companies (Limited Liability Company, Joint-Stock Company).
Polish company register KRS The second polish company register called KRS (National Court Register) provides information about companies, foundations, associations and other entities.
The company registration process in Poland is straightforward. Each company will need to be registered and obtain a special REGON and NIP identification number as well as register for VAT, depending on the business activities it performs.
NIP (Numer identyfikacji podatkowej) - tax identification number, consists of 10 digits, where the first three digits are codes provided by the tax office, and the last number is a control one.
There are two types of corporations available in Poland: the limited liability company and the joint-stock company. The Polish Limited Liability Company (abbreviated sp. z o.o.) is the most common form of legal entity and can be established for any kind of activity.
Yes, foreigners may run a business in Poland, however not everyone of them. Foreigner, who wants to be an entrepreneur in Poland, needs to be a citizen of the European Union or a country that is a part of EFTA or other international agreement with the EU or Poland that regulates freedom of enterprises.
Time: 4 months Execution of articles of association, which may be performed by an attorney. A Polish bank account must then be opened. Contributions covering the entire companys share capital should be paid to this new bank account. An application to register the company with the Polish Court Register is then made.
The CEIDG is operated by the Ministry of Economic Development and can be accessed on the following link: . The website is free of charge and available in both Polish and English.
You can check if the given number REGON or NIP belongs to given company here: (It is goverments register - gov.pl ). Sole trader/simply proprietorship do not have KRS numbers so you have to check their REGON or NIP.
Registration fee approximately 600 PLN (around 140 euros) for registration in the National Court Register. Minimum share capital the minimum share capital for a private limited liability company in Poland is at least 5,000 PLN (approximately 1164 euros).

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