ESTABLISHING A COMPANY

Steps required for incorporation of a company differ with regards to the legal form of a business activity. For every form, the law sets different incorporation procedures.

Legal forms of conducting business in Poland

Business activity in Poland can be conducted in the following forms
Partnership Capital Other
general partnership!limited liability partnership!limited partnership!partnership limited by shares limited liability company!stock corporation branch!representation

*Foreign investors from the EU member states; members of the European Economic Area, from the states that are not members of the European Economic Area, which however have separate agreements with Poland or EU member states, allowing them to take advantage of freedom of economic activity shall maintain activities based upon the same rules and forms as the Polish citizens with regards to the use of all available forms of business. The investors from other countries are not allowed to maintain the activity in the form of general partnership and limited liability partnership,

The most common forms of business activity:

FORM OF BUSINESS ACTIVITY   Limited liability company Joint-stock company Limited partnership Partnership limited by shares Branch
ARTICLES OF ASSOCIATION in the form of a notarial deed or electronic form in the form of a notarial deed in the form of a notarial deed or electronic form in the form of a notarial deed only Articles of association of mother company required
NOMINAL CAPITAL Min. 5.000 PLN Min. 10.0000 PLN not applicable Min. 50.000 PLN not applicable
VALUE OF A SINGLE SHARE Min. 50 PLN Min. 0.01 PLN Min. 0.01 PLN Min. 0.01 PLN not applicable
ASSETS monetary and non-monetary monetary and non-monetary monetary and non-monetary monetary and non-monetary not applicable
AUTHORITIES Management Board, General Meeting of the Shareholders, Supervisory Board (voluntarily) Management Board, General Meeting of the Shareholders, Supervisory Board Not applicable (partnership) Not applicable (partnership) Not applicable
REPRESENTATION Management Board Management Board exclusively represented by a general partner, a stockholder can represent the company only upon power of attorney granted to him exclusively represented by a general partner, a stockholder can represent the company only upon power of attorney granted to him appointment of a person representing a company in Poland
TIMELINE ca. 3-4 weeks in standard form, 48 hours – online ca. 3 weeks ca. 3 weeks in standard form, 48 hours – online ca. 3 weeks ca. 3 weeks
ACCOUNTING Accounting books Accounting books Accounting books Accounting books Accounting books

It is now possible to use the simplified mode establishing and registering the limited liability company, the so-called S24 mode. In this mode, the company registration is executed through the Internet. The articles of association shall be made using the standard contract. There is no possibility of any shaping of the agreement, the advantage is, however, the lack of a notarial deed, no hassle and expense of notarial tax and the speed of registration. Registration procedure may take about 1-2 hours, and the company obtains KRS number within 24 hours.

Incorporation procedure

Steps required for incorporation of a company differ with regards to the legal form of a business activity. For every form, the law sets different incorporation procedures. Giving a limited liability company (sp. z o. o.) as an example, the main steps that should be undertaken in order to incorporate a company in Poland:

How we can assist you:

  • Additional information – contact us for additional information and enquiries related to establishing a company in Poland.
  • Choice of optimal legal form – contact us to receive practical tips and initial assistance in the company formation process.
  • Contacting relevant authorities – Please connect with us if you require contact data to relevant authorities.
  • Procedures facilitation and assistance – The Invest in Wrocław team is ready to help you with obtaining each and every necessary permits and decisions, please contact us for assistance.

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