Why shall I register a company in Poland?
For every investor that establishes a company in Poland, Polish law offers a number of benefits. Different categories can be used to split incentives. Tax benefits, however, are typically the most alluring to foreign investors:
- Low corporate taxation (CIT) at 9% (for revenue up to 2 mln EUR) and, starting in 2022, 0% of tax for profit retention (Estonian CIT),
- 5% of tax for income derived from IP rights in the Innovation Box scheme,
- research and development (R&D) tax relief allowing for increased deduction of eligible costs from tax base,
- investment in special economic zones (SEZ) that offer corporate income tax exemption and property tax exemption.
Investors may also profit from the following Polish market characteristics:
- sixth-largest economy in the European Union,
- steadily increasing GDP (on average 3,6% between 2009 and 2019), Poland is the EU's fifth-largest consumer market with 38 million people,
- Large human resources market, or the population of working age (around 25 million Poles),
- a minimal unemployment rate of 3,2% in 2020,
- A well-developed educational system with over 450 universities and 1,3 million students overall,
- location near the EU border in Central Europe with the third-largest rail network in the EU and a well-developed network of roads.
Which legal form of Polish Company shall I choose?
Foreigners usually choose Polish corporate companies (as LLC and JSC), rather than Polish partnerships. This is mainly due to the fact that Polish corporate companies provide a feature of liability limitation (of shareholders or stockholders), while in partnerships the liability is unlimited. As mentioned above LLC are usually preferred forms of investment in Poland, nevertheless particular features of your project (e.g. regulatory reasons) may lead to different choices.
For these reasons below we are presenting different types of Polish companies so that you may explore your options and make informed decisions about registration of your company in Poland.
Polish Corporate Companies:
- Polish Limited Liability Company (Sp. z .o.o)
- Polish Joint-stock Company (S.A)
Polish Partnerships:
- Polish Business Partnership (S.c.)
- Polish Registered Partnership (Sp.j.)
- Polish Limited Partnership (Sp.k.)
What documents do I need to incorporate a company in Poland?
Scope of the documents may vary depending on company type and particular circumstances. However in order to incorporate company in Poland you will usually need:
If you are private individual:
- ID or passport
If you represent a foreign company intending to register subsidiary in Poland:
- excerpt from your local company registry with Apostille
- ID or passport
POLISH VAT NUMBER
EU helpers can assist you with getting your new Polish company VAT registered. EU helpers work with fiscal advisers based throughout Poland such as Warsaw and Krakow. Obtaining a VAT number is an essential part of Polish company formations. Contact us today to see how we can help.
Banking in Poland
Opening a Polish bank account for your Polish company is a relatively straightforward process
In order to open a corporate bank account for your Polish company, a face to face meeting with the bank may be required, this can however be completed by power of attorney. We work with major Polish and International banks. Some of the corporate account features include:
- Internet banking/remote access
- Debit/credit cards
- Low transaction fees
- Multi-currency accounts
Speak with us today to see how we can open a Polish bank account for your Polish company.
EU helpers can assist you with a whole range of additional professional services in relation to your Polish company formation such as:
- Registered and virtual office services in Poland
- Accounting and payroll in Poland
- Licencing requirements in Poland
- Premises/Warehouse requirements in Poland.
The speculation about the process of company registration Poland has no complications in its mechanism, instead it only requires a well managed approach which can be done by service availed by us.
The significance of getting company registration Poland services from us is that, you get to know various opportunities by which you can run a business by earning considerable profit and also start with any other venture if all requirements are met as per the existing guidelines.
The benefit of the company registration Poland process not only shows improvement with the startup of the company but also helps in smooth approval of necessary facilities.
EU helpers can provide you with an efficient, professional service. Register a company in Poland today