Introduction to Company Incorporation Poland
There are generally two reasons why business investors set up companies abroad: either to access new markets or to cut costs. Poland, which joined the EU in 2004, scores exceptionally well on both counts, making company formation Poland very popular. The Polish market is the largest in Central Europe – larger, in fact, than the other nine new EU members put together – and labour costs are low. Foreign investment is pouring into the country, fuelling sustained economic growth of more than 5% a year. Please contact us for further details on registering a company in Poland today.
Please note EuroCompanyFormations.com currently has a limited number of Shelf / Readymade Companies in Poland complete with EU VAT Number at the most competitive price in the market.
We believe that since 2019 Poland is the best location for companies in the European Union.
The companies pay only 9% tax and the costs are low. Many international banks are present in the banking and financial centre of Warsaw.
What are the main types of company in Poland?
There are four main kinds of business entity for foreign investors wo wants to incorporate a company in Poland and they are as follows:
limited liability company (sp. z o.o)
joint stock company (S.A.)
What are the main features of a sp. z o.o. limited liability company?
the most popular format for small and medium sized companies
minimum share capital is 5000 zlotys (€1.200), to be fully paid up
minimum number of directors is one
no restrictions on foreign shareholders
annual accounts to be prepared and held at company offices
What are the main features of a Polish S.A. joint stock company?
popular format for larger companies that wish to raise public capital
minimum share capital 100,000 zlotys (€24,000), at least 25% to be paid up
two-tier system comprising management and supervisory boards
minimum 8% of annual profits to reserve fund ( up to maximum one third of share capital)
annual accounts and independent audit required
What are the main forms of partnership in Poland?
There are four main kinds of partnership under Polish corporate law:
registered partnership (all partners have equal and unlimited liability)
limited partnership (some partners have limited liability)
professional partnership (some concessions regarding partner liability)
limited joint-stock partnership (includes partners and shareholders)
What are the main features of a sole proprietor company?
the simplest and least-regulated form of business entity
very popular format for small business enterprises
sole trader has unlimited liability for all liabilities and debts
profits are subject to Polish income tax at individual rates
How easy is it to recruit staff in Poland?
Along with the strong economic growth over the past few years, unemployment has dropped in Poland with the jobless rate just short of 8.2% (December 2016). While some of the country’s brightest young brains have been tempted to move west, taking advantage of EU membership, Poland has a large and well-educated workforce.
What is the regulatory environment like?
The stifling bureaucracy of the Communist era is long gone and Poland now has one of the most liberal economic regimes in Central Europe. Corporate income tax was lowered from 27% to 19% in 2004, reflecting the government’s wish to ease pressure on companies and attract further job-creating investment. Capital and profits can be freely repatriated. However, legal and accounting regulations are complex and local expert assistance is advised. We can help you with this, so please contact us.
Are there any financial incentives available?
Poland offers a broad range of financial incentives for foreign investors including the following: grants of up to 25% for companies setting up in Poland enhanced grants totaling 50% in Special Economic Zones further incentives available through EU-funded schemes.
And what about bank account in Poland?
Poland is emerging as an important regional centre for the international banking community and most major financial institutions have a presence in Warsaw. Local banks are also capable of competing strongly and effectively to provide facilities for foreign investors, but opening a bank account requires specialist advice, and we are experts in the field – we’ll make it simple for you.
How can I get more information about Poland Business?
Smith & Smith Global Advisory, Division Euro Company Formation are the natural partner for companies that want to open a company in Poland, so please contact us for further details and how to register a company in Poland in the quickest possible timeframe. We have an associate office in Warsaw who will ensure the Polish company setup procedure is dealt with as quickly and efficiently as possible. Please note we can also provide you with a Readymade Company in Poland complete with EU VAT number within 24 hours.
Company foundation with legal, tax and financial experts
Other services and offers
Opening company bank accounts and private bank accounts
Establishment of an office and addresses structure
Mediation of licenses
We have already established companies (shelf companies) in stock.