Eternity Law International — News — Corporate services in Poland

Corporate services in Poland

Published:
April 7, 2023

In Poland corporate services have been flourishing for many years.  Since the countryside joined the EU, active monetary development of the state began. Over the years, many foreigners began to invest in real estate in Poland. A little later, not-bad investments in the business community began to appear. The standard of living in Poland is comparable with the average salaries of the inhabitants of Western European countries.

For this reason, many businessmen began to think about opening businesses on Polish territory. Thanks to its favorable location, Poland is a good logistics center in Europe. It opens up corridors for goods to the markets of Central and Western Europe.

Thanks to new laws, non-residents can obtain a residence permit in Poland when opening a company in this country. It also attracts investors through its generous tax rates for companies. For example, the payment of corporate income tax is 21%.

At the same time, it is possible to reduce this indicator to 9% if the following obligations are met:

  • a legal entity operates as a small taxpayer (its annual revenue is not more than 2 million euros in PLN equivalent); 
  • the legal entity is just starting its business activity and the enterprise has not appeared as a result of the merger of several small companies.
  • VAT rate 23%

It is recommended that companies register for VAT and have the appropriate VAT number.

It is also important to have the financial means to file reports and pay annual returns to the tax authorities. Entrepreneurs need to react quickly if they want to open a company in Poland. Therefore, it is best to consult a consulting firm, which can help with these issues. 

Conditions for opening a company through corporate services in Poland

Several types of legal entities are available for foreign citizens. In particular, it is possible to work with such forms of ownership as:

  • joint stock companies (SA);
  • limited liability companies (SP z.o.o.);
  • limited partnerships (Sp. komandytowa);
  • mixed partners (Sp. komandytowo-akcyjna).

The last 2 types are not used often enough and rather have specific characteristics. LLC is considered the most popular. It is used by representatives of small and medium-sized businesses. To register such an enterprise it is necessary:

  • to have a share capital of PLN 5 thousand in equivalent;
  • availability of one director;
  • timely submission of annual financial and tax reports (copies of documents must be kept in the company’s office).

At the same time, foreigners have the same privileges when registering a company as Polish citizens. On average, the cost of such operations will be in the region of 1100-1700 euros. The lower limit is possible when registering in the online format. The upper limit is possible when working with a notary.

Such prices apply only if the shareholders are not more than 2 people. If their number exceeds, then for each new shareholder fee rises by 150 euros.

Registration Procedure

Employees of corporate services in Poland provide their clients with a full package of services. It includes:

  • Passing the procedure for registration of the Articles of Association at the notary;
  • Obtaining the CPC and registration in state registers;
  • registering the company at the Bureau of Statistics;
  • registering the company through the customs authorities for export or import work;
  • opening an account in one of the corporate Polish banks (for an additional fee);
  • entering the company into the main Polish directories and Internet directories.

Most companies register online and the procedure can take three days. If you work through a notary on your own, registration will take a month to a month and a half.

Also, obtaining a VAT number can take about a month, and if there is a need to increase investments, changes to the documents will take a similar period. Therefore, it is better not to ignore the possibility of working with consulting companies, which may ask for a fee of 200 euros to resolve such issues.

The cost of accounting assistance

For proper filing of tax returns and annual reports in Poland, it is better to have your accountant. Consulting companies often offer candidates to maintain the account of the client’s company. The cost of accounting services will depend on the company’s turnover and the number of transactions on the account. the cost will be calculated by an accountant after the client provides statements of the bank account of the company.

However, the cost may vary depending on the turnover of companies. Therefore, for large corporations, the price may differ by several times. Nevertheless, having a Polish accountant will help to get through any bureaucratic procedures that might hold back a business in Poland correctly and without any blunders.

Where to find a company to help with the registration of a legal entity in Poland

For many years our company has been providing co-growth services to Poland to its customers. Our employees help at all stages of setting up Polish enterprises. We are ready to take on the burden of registering all the accounts required for immediate operation on Polish territory.

All we need is a meeting with our clients. During this meeting, we discuss the form of ownership and the possibilities of starting a business. With a quick application, we can register a company within 3-4 days, whereas for others it takes at least a week.

For an initial consultation about the cost of services please contact us by phone on the website or send us an e-mail.

You could be interested

International Jurisdiction Cases in Germany

The nation was established as an international leader in prosecuting global crimes using universal authority. The judicial establishments deal with people who made a serious illicit actions. Among them are genocides, felonies, and atrocities against innocent people. The place where they were done doesn’t play any role. Country has a cautious approach toward international justice....

Asset management license in Switzerland

Asset supervision is the distribution and control of a client’s finances, namely the acquisition and management of stocks, bonds and stock investments. Such activities are very popular and profitable in this country. Below we will consider the conditions for licensing in the field of financial management, the structure and regulation of this activity. Our company...

Cryptocurrency in Australia

Cryptocurrency in Australia is developing every year. There are more and more miners, so the government has come to grips with the issue of regulating this currency. The act that regulates cryptocurrency-related activities throughout Australia is called the Corporations Act. It was created back in 2001 and is known in the world as the ASIC-based...

The Tenth All-Ukrainian Blockchain Hackathon

We present the tenth All-Ukrainian Blockchain-Hackathon, which is scheduled for March 19-20, 2022, and will be held in Kiev. Over 40 thousand dollars will be drawn during these 2 days. What to Expect From the Event This Year? In 2022, the conference will cover the following topics: anonymity & mixnets, data protection, privacy protection. That’s...

Company registration in Liberia

Liberia is located in Western Africa. Recently, this jurisdiction has become more popular among foreign entrepreneurs. Liberia is a member of all international organizations, in particular the UN, WHO and IMF. Foreign investors see the country as a place to build a successful company respected in international markets. Among the benefits of incorporating a business...

Residence of foreigners in Ukraine

The organization dealing with migration issues provides data according to which about 200 thousand foreigners are currently in Ukraine. A significant part of them are citizens of the former countries of the Soviet Union. Regardless of how many foreigners live in our country, their stay should be regulated by the legal field. The law spells...

Related posts

Corporate services in UK

With the onset of the covid restrictions, it seemed to many that most businesses and the world economy would be destroyed. Yes, this pandemic significantly affected many corporations. However, U.K. Corporate Services continue to grow by leaps and bounds. The United Kingdom is considered quite a promising and developed market. Unlike other countries, it has...

Netherlands Corporate Services

For several years it was very difficult to establish business-structure in this country, but in 2012 the local regulator significantly simplified some of the jurisdiction’s regulations regarding the opening and registration of corporate structures. For many businessmen, it has become a great variant for launching their own business-project. Also, additionally to simplifying laws, the principles...

Lithuania Corporate Services

It’s a permanently developing jurisdiction, intending to become center of start-ups in the Baltic States, especially those who intend to work in the IT field. This country has an excellent geographical position. Considering Lithuania as a promising space for developing your business-structure, you can see a lot of advantages. Lithuania corporate services are essential for...

USA Corporate Services

The US is a stable global financial and business environment. Banking institutions, IT corporations, huge commercial enterprises were founded and succeeded in the United States. A flexible and stable legal framework, broad purchasing opportunities for the local population, as well as a well-developed infrastructure provide ease of doing commercial activities and stable profits. By establishing...

Corporate services in Italy

Italy has a stable economic situation. Therefore, this country provides a favorable investment climate for starting a business. Today many large companies are striving to cooperate with top Italian companies. The best option to establish communication with such companies is to register your company in this market. In this case, Italy Corporate Services comes to...

The corporate tax system in Poland

Poland’s prominent European position makes it an ideal investment destination for businesses looking to export their goods to both the East and the West. Many entrepreneurs choose this jurisdiction for starting commerce. Among the most significant things you need to know to establish a firm, there are levies. According to the Polish Act, LLCs are...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: