For businesspersons seeking to enter the EU single market, forming a commercial presence in Poland is one of the most appealing variants. The state places the first position in the amount of investment startups in the Central and Eastern EU member-states. Due to its pro-business environment and FDI policy, some 20,000+ jobs have been developed. Currently, Poland is included in the list of the fastest-growing economies in the EU. As a well-established local market, low private debt, and unemployment rate are not the only benefits of company registration in Poland, there has never been the finest moment to start commercial operations there.
Polish pro-business environment
Alongside a stable economy and an attractive commercial climate, Polish company incorporation is largely supported by a plethora of different tax incentives and grants. Businesses now can get some aid subject to their size, place of domicile, and other costs that they will incur.
Polish outsource manufacturing
By not becoming contingent on a single export market, Poland was the only EU state to bypass the economic downturn from 2007 to 2009. Now a lot of entrepreneurs are willing to set up a Polish business presence on the ground of the diverse commercial potential the state offers. Generally, Poland is ranked 2nd in the EU for the number of manufacturing ventures making it a big hub for outsourcing manufacturing. Various goods can be made here at much lower costs compared to other EU states. For instance, over 26,600 clothing manufacturers operate in the state alone.
At the heart of Europe, Poland enjoys a strategic geo-location, neighboring Germany, Czechia, Slovakia, Ukraine, Belarus, and Lithuania. The company also takes benefits from 4 large marine ports for import and export.
What Polish industries are the most thriving?
The advantages to registering a company in Poland also include the broad range of industries encompassing automobile, food, construction, manufacture, aerospace, and general commercial services. Many businesspersons, particularly, the ones operating in the IT sector often decide to base their firms in the major Polish cities. Wroclaw TechnoPark houses different giant IT services providers such as Capgemini. As for the EBRD report, Poland has the majority of relatively small but highly successful EU companies.
Company incorporation in Poland
To incorporate an entity, a businessperson has to pass the below-mentioned steps:
- Deciding on the entity type – This is one of the most important aspects in terms of company setup as this will further define the obligations by law moving forward. The most popular type is an LTD.
- Deciding on the entity name – It should not repeat other names and should reflect a business and its core activities.
- Preparing the incorporation documents and internal control mechanisms.
- Placing paid-up capital deposit – For this purpose, a bank account needs to be set up.
Applying for a KRS number, subscribing for tax purposes, and getting a PESEL Number.
Get your company started in Poland
We strongly advise forming a business with expert support. The lawyers at Eternity Law International can assist you to open a company in the quickest timeframes. Also, we have ready-made companies for sale with VAT and KRS numbers in place which makes the whole process even faster and more organized.
Please contact us to get more information.
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