Poland is a dynamic country in Eastern Europe that is attracting an increasing number of foreign entrepreneurs. Its stable economy, EU membership, available resources and favourable geographical location make Poland an attractive place to do business.
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Types of legal entities in Poland: Which one to choose?
Choosing the legal form for your company is one of the first and most important steps. There are several common forms of doing business in Poland:
– Individual Entrepreneurship (Jednosobowa działalność gospodarcza, JDG): A simple and affordable form for small companies. Suitable for those who want to run their business independently.
– Limited Liability Company (Spółka z ograniczoną odpowiedzialnością, sp. z o.o.): A more complex form, but provides greater protection of the founders’ assets. Suitable for large companies and joint ventures.
– Joint Stock Company (Spółka akcyjna, SA): The most complex organisational and legal form, requiring a significant authorised capital. It is used by large companies whose shares can be freely traded.
Which option to choose? It depends on the size of your business, the number of founders, the level of responsibility you are willing to assume and other factors. It is recommended to consult a lawyer to choose the best form.
Company registration procedure in Poland
Registering a company in Poland is a relatively simple process. The main steps include:
1. Choosing a company name: The name must be unique and not contrary to Polish law.
2. Preparation of founding documents: The company’s articles of association, minutes of the constituent assembly, the agreement on the establishment of the company and other documents are necessary.
3 Determining the amount of the share capital: The minimum amount of the share capital depends on the chosen legal form of organisation.
4. Submission of documents to the registry: All documents are submitted to the National Court Registry (KRS).
5. Registration with the tax office: After registration with the KRS, it is necessary to register with the tax office.
Required documents:
– Passport or other identity document
– Document confirming the legal address of the company
– Document confirming the deposit of authorised capital.
Cost of registration: The cost of company registration depends on the chosen form of business and additional services (e.g. legal support).
Taxation of business in Poland
The tax system in Poland is relatively simple and transparent. The main taxes paid by companies are:
– Income tax: The income tax rate is 19%.
– Value Added Tax (VAT): The VAT rate depends on the type of activity and can be 5%, 8% or 23%.
– Income tax: Individual entrepreneurs pay income tax on their income.
– Other taxes: Other taxes may apply, e.g. property tax, land tax, etc.
Benefits for foreign entrepreneurs: Poland offers a number of benefits for foreign investors, including tax holidays, special economic zones and state support for innovative projects.
State support for business
The Polish state actively supports the development of entrepreneurship. There are many programmes and grants for foreign investors. For example:
– Special Economic Zones: Offer tax incentives and other support for companies investing in certain regions.
– Innovation support programmes: Funding for research and development, grants to create new products and technologies.
– Export Support Programmes: Help to enter foreign markets.
Need help? MAGFIN offers a full range of services for foreign entrepreneurs, including accounting services, legal support and tax advice: magfin.pl (en)
Conclusion:
Poland is a great place to start your business. The country offers a favourable business environment, government support and plenty of opportunities for development. However, before starting a business in Poland, it is necessary to carefully study all the nuances of the legislation and choose the best form of doing business.
Disclaimer: This article is for information purposes only and does not constitute legal advice. For more detailed information it is recommended to contact specialists.
Keywords: business in Poland, company registration, foreign investments, taxes, MAGFIN, legal support, accounting services
Additional topics to consider:
– How to get a visa to do business in Poland
– Features of hiring employees in Poland
– Banking services for foreign companies
– Marketing and promotion of business in Poland
Please indicate what additional topics you would like me to cover in the article.
