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The Power of Attorney in Poland

The Power of Attorney in Poland

power of attorney in Poland is useful for performing various business activities when the legal person usually empowered to do so cannot perform the specific task. The power of attorney authorizes a person to act on behalf of another individual and complete any or specific tasks, as defined in the document. The power of attorney in Poland is a written agreement that must be concluded in front of a notary. It must be signed and agreed upon by both parties.

Our Polish company formation specialists can handle the necessary documents for drawing up a special power of attorney if you want to open a company in Poland and need someone to help you with the incorporation procedure. 

Types of Power of Attorneys in Poland

A power of attorney can be concluded to meet various needs. According to the type of company, the type of market and the scope of the action, a power of attorney can transfer general, limited or special powers. The person who is entrusting another individual with certain responsibilities can determine the extent to which he or she wishes to pass certain attributions.

general power of attorney gives the owner the right to conclude numerous business activities in the name of the principal (the person who issued the power of attorney). This can include opening bank accounts or closing them, invoke contractual rights, buy or sell stocks. However, in some cases, not even a general power of attorney is unlimited. 

limited power of attorney grants only a number of predetermined rights to the owner, while a special power of attorney grants him the power to take delicate decisions, like medical ones when the principal is incapacitated. 

A power of attorney can be revoked at any time. If you want to open a company in Poland it is advisable to seek the help of a professional and draw up an appropriate form for your power of attorney. It is advisable to rely on a more comprehensive form, rather than a simpler one because in some cases the invalidation of this document can lead to the invalidation of the entire transaction.

Commercial proxy in Poland

The commercial proxy is a special type of power of attorney in Poland which grants the authorization to act on behalf of an active Polish company. It can be granted by an entrepreneur or investor in Poland to a natural person who has full capacity for legal acts. 

A commercial proxy must be concluded in writing in order to be considered valid and it can be granted individually or to several persons who will be entrusted to conduct the necessary business activities. It can be limited and it can be revoked at any time.

Our team can help you with more than just drafting and preparing a power of attorney. For investors who have already opened a company, our specialists also offer accounting solutions. Our Polish accountants are ready to assist companies with preparing the annual financial statements, making the needed registrations and submissions, observing the tax filing and payment deadlines, and more.

For more information the business start-up costs in the country, please contact our Polish company formation experts.