Poland

Poland officially the Republic of Poland is a country in Central Europe, bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast (a Russian exclave) and Lithuania to the north.
Poland has Industrial and vibrant economy.
In Poland, you can register any business organizational form – legal form, including a partnership, branch and representative office.
Member of the European Union, European Economic Area, the World Trade Organization and the OECD, Poland has also signed the Kyoto Protocol, the Washington Convention, the Basel Convention, the Montreal Protocol and the International Coffee Agreement 2001.

General information

Area  – 312 679 sq. km
Population  –    38 000 000
Capital  – Warsaw
Official language  – Polish
Official currency  – Polish Zloty (PLN)
Legal system – Parliamentary republic

Legal form of Company

Limited liability Company (SP.Z.O.O);
Joint stock company (S.A.);
Limited & Unlimited Partnerships;

Key specials

Poland has more than ten free economic zones, where companies can claim exemption from taxes which may be granted for a period up to 5 years.
Poland signed the agreements on the elimination of double taxation with following countries:
Albania, Australia, Austria, Belarus, Belgium, Bulgaria, Great Britain,
Hungary, Vietnam Zimbabwe Denmark Germany Greece India Indonesia Israel Jordan Iceland Ireland Italy Jordan Kazakhstan Canada China Cyprus Qatar Kuwait Latvia Lithuania Luxembourg Macedonia Malaysia Malta Moldova Mongolia Netherlands Norway Oman, United Arab Emirates, Pakistan Portugal Romania Russia Singapore USA Thailand Tunisia Turkey Ukraine Uzbekistan Philippines Finland France Croatia Czech Republic Switzerland Sweden Sri Lanka Yugoslavia, South Africa, South Korea, Estonia, Japan.

Corporate legislation

The Law of Commercial Companies Code on September 15, 2000.
The Act of 27 July 2002 Foreign Exchange Law
The Act of 29 August 1997 Position on taxes
Act of January 8, 1993 on the tax on goods and services and excise duty

Share capital

Limited liability company  – 5 000 PLN    (at   € 1 282)
Joint stock company  – 100 000 PLN   (at € 12 820)

Bank account opening

For Poland Company we offer bank accounts in following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
St. Vincent and the Grenadines
Belize
Seychelles
Tanzania
Bosnia
Hong Kong
Dubai
Full list of bank accounts with tariffs you can find here

The main requirements for the directors and shareholders of the company (SP.ZOO)

The legal status  – Of a legal entity
Founders  Shareholders –  minimum one
Status of  – private or corporate
Residence  – can be any country
The Government
Directors  – one
Status of  – private
Residence  – can be resident of Poland
Secretary  – one person (private)
The main requirements for directors, shareholders (SA)
The legal status  – Of a legal entity
Founders  Shareholders  – minimum three
Status of – private or corporate
Residence – must be resident of any  country
The Government   Board of Directors
Directors  – Minimum two
Status of  – private
Residence  – can be resident of any  country
Secretary  – one (private)
* The registered office and address must be in Poland
** Information about directors, shareholder kept in a register.

Taxation

Value added tax –  22%
Income tax – 19%

Accountancy

Annual Report;
Declaration added tax;
Audit of financial statements.
Tariffs for accounting services you can check here

Disclosure of beneficial ownership to Government Authorities

Disclosed

Timeframes

New Company registration takes from 1 day.
Shelf companies are available.
For more information, please contact us.