REGISTRATION OF A BUSINESS (FIRM) IN POLAND

BUSINESS REGISTRATION AND SUPPORT IN POLAND

Opening a business in Poland or, as it is now commonly called, “Business Relocation”, “Business Migration” is, in fact, usually the registration of a joint-stock company or a sole proprietorship in Poland. And here it is first of all important to understand why it is Poland out of all the EU countries and which city in Poland is the best for doing business.

 Andriy Prykhodko

Why do the majority of Ukrainians choose Poland for doing business?

• The location of the country is most favorable for transport and logistics
• Very liberal (simple) state registration policy
• Equal rights for both foreigners and citizens of Poland in conducting business in this country
• Extremely loyal taxes

A significant number of small enterprises operate on the territory of Poland. Small-sized (the number of employees is about 70, with an income of up to 7 million euros) and medium-sized (about 250 employees and up to 40 million euros per year) such businesses make up almost 100 percent of all companies in Poland and provide approximately half of the Gross Domestic Product.

According to the World Bank’s “Doing business 2020”, Poland ranks 40th out of 190 countries in terms of ease of doing business. At the same time, these taxpayers are falling, because in Poland they have complicated the procedure for registering real estate. The lengthy registration process pushed Poland to 27th place, while Ukraine to 64th.

Separate attention should be paid to the lowest income tax in Europe – 19%. In Estonia or Hungary – 20%, in Germany about 30%. In order to open a company in Poland, you do not need to invest a lot, unlike in other countries. Ltd. (Spolke z ograniczona odpowiedzialnoscia), the authorized capital requires only PLN 5,000 (EUR 1,200), moreover, these funds can be deposited already after the registration of the company. Also, there is no need to buy real estate, have an office, appoint a Polish director, etc.

The company was founded by a foreigner and has the same rights as a Polish company. The director can be a foreigner.

Also on the positive side – the absence of inspections for 3 years from the moment of creation. In addition to exceptional reasons, in particular, regarding the reimbursement of large amounts of VAT.

CONCLUSION

Registering a business in Poland gives you the following advantages

• An open market for goods and services throughout the European Union
• The opportunity to buy and invest in real estate that has a steady upward trend in price
• The most profitable business lending
• A stable banking system: which guarantees the inviolability of bank deposits
• Receiving grand support (non-refundable financial assistance) from the state for the development of your business

How to register a business in Poland, what you need to know about how to start a business, what taxes and what “pitfalls” arise during business immigration or business relocation to Poland – these are the questions to which the experts of Prykhodko and Partners LLC clearly know the answers. Our company has been accompanying international companies, including those located on the territory of Poland, for 5 years.