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Establishing a limited company (spółka z ograniczoną odpowiedzialnością or sp. z o.o.) in Poland offers several benefits for entrepreneurs and investors. Some of the key advantages of setting up a limited company in Poland include:

  • Limited Liability: Shareholders’ liability in a limited company is generally limited to their capital contributions. This means that their personal assets are protected from the company’s debts and liabilities, providing a degree of financial security.
  • Attractive for Foreign Investors: Poland is an attractive destination for foreign investors due to its strategic location in Europe, stable economy, and membership in the European Union. Establishing a limited company can facilitate foreign investment in Poland.
  • Tax Benefits: Poland offers a competitive corporate income tax rate of 19%, which can be advantageous for businesses. Additionally, if your revenues earned in the tax year did not exceed the net amount of 2 million euro, corporate income tax is reduced to 9% which is very competitive compared to other EU countries.

Important requirements

  • Minimum share capital is PLN 5.000. You set the share structure at your discretion.
  • Registering a company is done online. The company agreement must be drafted by a notary public and the firm must be registered online if the shareholder is an EU national without a Polish PESEL number.
  • For the company to function efficiently here, you should have a management board, a proxy or an official proxy in Poland. The company’s representation may be established in any way.
  • The company (management board) opens a Polish bank account.
  • The company (management board) obtains a tax identification number (VAT number).
  • The company must have an address in Poland.
  • The company must file accounting records.

The company can be provided with capital in three ways:

  1. payment for the capital shares.
  2. capital subsidies that are refundable.
  3. a loan from a partner.

What are the costs of setting up a limited company in Poland?

The cost of registering a company by a lawyer is approximately EUR 300. You will have to pay a tax on contributed share capital of 0.5%. The cost of a bank account would be approx. PLN 50/month. The cost of accounting starts at 250 EUR/month and will depend on the number of documents and operations.

In addition, there could be a monthly expense to rent an office starting from 250 EUR / month for a small one room flex office.

Other expenses will obviously depend on the nature of your business activities.

Contact us for more detailed information

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