CompanyIncorporationPoland.com provides full company formation services in any Polish city.
| Quick Facts | |
|---|---|
| Company formation cost for LLC in Poland | EUR 1050* (if all participants have an electronic signature or ePUAP) |
Minimum share capital for an LLC | 5000 PLN |
| Paid-In Requirement | Yes |
Minimum number of shareholders for Limited Company | 1 |
| Time frame for the incorporation | 1-2 weeks |
| Corporate tax rate | 19%/ 9% for small companies with a turnover up to 2 000 000 EUR/year |
| Dividend tax rate | 19% |
| VAT Rate | 23% |
| Are Shelf Companies Available? | Yes |
| Do you supply a Registered Address/Virtual Office? | Yes |
| Local Director Required | No |
| Foreign-Ownership Allowed | Yes |
| Type of extensions of foreign entities in Poland | – subsidiaries, – branch offices, – representative offices. |
General steps for opening a company | – choose company type, – select available business name, – open a bank account and deposit the share capital, – submit documents at the National Court Register (KRS), etc. |
Required documents | – Articles of Association, – ID documents for shareholders and directors, – proof of address, – proof of deposited capital. |
| Cost of opening a bank account in Poland | 600 EUR (150 EUR — submission of documents, 450 EUR — after opening the account) |
| VAT registration | Mandatory for companies selling taxable goods/services, with an annual turnover of PLN 200,000. |
| Virtual office cost/year | EUR 300/year + VAT |
| Obtaining VAT registration | 150 EUR, duration 2-4 weeks |
| Cost for monthly residence permit, obtaining a PESEL number and activating ePUAP | from 260 EUR |
| Minimum directors required | 1 |
| Sole proprietorship available (YES/NO) | YES |
| Remote company formation | Through the power of attorney |
What are the steps for company formation in Poland?
In case you are considering opening a business in Poland, you should know the general steps for company formation in this country:
- choose a company type: this is an important choice and one that will determine other requirements for the future legal entity, such as the minimum share capital requirements.
- choose a company name: the business is required to have an original name and the founders can perform a preliminary name check.
- draft the articles of association: the constitutive documents of the company are drawn up and then executed in front of a notary public.
- deposit the minimum share capital: for this purpose we will open a bank account and the minimum share capital will be deposited there.
- actual company registration: once the company has a bank account and the Articles of Incorporation have been drafted and notarized, it can be registered at the National Court Register.
- other registrations: following its registration the company can then obtain the KRS number and then it can be registered for tax purposes. After this step, the company will obtain the NIP number.
We recommend completing all formalities electronically through the Ministry of Justice’s online platform. This process is easier and more cost-effective than notary registration.Andrii Ozimko, Formation Consultant
Our team invites you to watch a video about the process of opening a business in Poland:
What are the main costs for company incorporation in Poland?
Important Note: Since over 90% of our clients incorporate Limited Liability Companies (Sp.Zoo) prices below are for this type of Polish company.
- company formation fee – we offer complete services for company formation in Poland for approximately 1,050 euros. (if all participants have an electronic signature or ePUAP);
- virtual office cost – our team offersvirtual office packages for EUR 300/year + VAT. (included in the total cost of 1050 euros)
- accounting costs – the costs for accounting services in Poland start from 100 euros/month;
- registration fee – included in the total cost of 1050 euros; this fee is paid for the registration of the company with the National Court Register and obtaining identification numbers: NIP, REGON;
- minimum share capital – the minimum share capital for a private limited liability company in Poland is at least 5,000 PLN (approximately 1164 euros); the PCC tax on capital of PLN 5,000 is included in the total cost of 1050 euros, as well as
- all mandatory registration fees and state duties and consultation on the selected type of activity;
- other services included in the total cost of 1050 euros are: the submission of mandatory tax registration forms (NIP-8, PCC-3), the registration in the register of beneficiaries (CRBR).
We have more than 10 years of experience and clients from more than 50 countries.Andrii Ozimko
What are the costs of additional services when opening a company in Poland?
- Setting up a bank account — 600 EUR (150 EUR — submission of documents,
450 EUR — after opening the account); - VAT registration — 150 EUR, duration 2-4 weeks;
- Monthly residence permit, obtaining a PESEL number and activating ePUAP — from
260 EUR; - Activation of ePUAP profile — 70 EUR;
- Obtaining an EORI number — 150 EUR;
- Extract from the company register with apostille — 140 EUR;
- Company articles of association with apostille — 200 EUR;
- Entering PESEL in the KRS register after company registration — 150 EUR;
- Sworn translations of foreign documents — approximately 15 EUR per page.
All prices are net and might be subject to small changes. EU tax residents and Polish legal entities are additionally charged 23% VAT.
What are the other types of companies in Poland?
Poland allows investors to choose between various types of business structures that best suit their business needs. The list below describes the main characteristic of the main types of companies in Poland:
- The limited liability company: also known as the Sp. z.o.o, this is a business form suited to small and medium-sized businesses, where the founders are only liable up to the capital invested in the company.
- The joint stock company: the SA is also a limited liability company; the investors are only liable up to the invested capital, but the public one can also be listed on the Stock Exchange.
- The partnerships: these come in several forms, like the limited partnership and the general partnership. The founders have different degrees of liability.
- The sole trader: the simplest business form and also the one with the highest degree of liability for the founder.
- The Sp.z.o.o. is a preferred business form because of the limited liability (only to the extent of the capital contributions) and the fact that it is suited for small and medium businesses. This type of business entity requires a minimum share capital of 5,000 PLN, more affordable than in the case of the joint stock. The capital must be deposited before registration. Only one director and one shareholder are required to open this company. A special requirement is that the Sp.z.o.o. maintains a registered office in Poland.
Can a foreigner from any country open company in Poland?
Yes, no restrictions!
Can the company be registered entirely remotely?
Yes, the founders of the company need to have an electronic signature or ePUAP; this allows documents to be signed electronically with the same legal force as a handwritten signature.Yes, the founders of the company need to have an electronic signature or ePUAP; this allows documents to be signed electronically with the same legal force as a handwritten signature.
How fast can you start a new business in Poland?
1-2 weeks for a LLC Company.
What is the minimum recommended number of founders for an LLC in Poland?
The minimum recommended number of founders is two. If there is only one founder, monthly
contributions to ZUS (social insurance) of approximately EUR 500 are mandatory
Can another legal entity participate in the newly formed company?
Yes, but an extract from the commercial register of the foreign company with an apostille is required, containing the following details: name, registration number, legal address, information about directors and the representation type. We can handle this procedure for you at a cost of 300 eur.
What are the requirements for opening a bank account in Poland?
The company representative must provide company documents in order to open a bank account for the company. The process can be done online for most banks in Poland and the administration fees for the account will vary according to the chosen bank.
Do you need special permits and licenses in Poland?
Permits, licenses or authorizations are needed for certain activities like banking, pension funds activities and those in other investment funds, insurance activities or collective water supply or waste removal activities.
What are the annual company obligations?
- Renewal of legal address — EUR 300/year + VAT;
- Preparation of annual balance sheet — cost determined by the accountant; Our partner accountants in Polandhelp business owners meet the annual reporting requirements as well as provide complete bookkeeping solutions and periodic financial reports or analyses as needed for the business.
If you would like to set up a business in Poland or to extend your business to this country, our Polish company formation experts can help you. Contact us for a personalized offer!