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International corporate law
Business Setup and Support in Poland FINANCIAL MONITORING IN POLAND

Taras Miroshnychenko

Head of International Corporate Law and Fintech Practice

E-mail

miroshnychenko@prikhodko.com.ua

Phone numbers

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

FINANCIAL MONITORING IN POLAND

As of June 2022, the limit for crediting funds to a current account in Poland for Ukrainians and other foreigners has been reduced to EUR 15,000 per month.

Opening an account in Poland

Ukrainians can open an account in a Polish bank using a simplified procedure, for which only a foreign passport is sufficient. Some banking institutions also ask for a PESEL number.

Bank lawyer in Poland is one of our main job profiles.

In addition, if the bank considers some transactions to be dubious, it may ask the client to provide additional documents confirming the purpose of the transaction or the source of the funds.

That is why it is very important not just to transfer cash to Poland, but to prepare in advance documents certifying the origin of the funds, a customs declaration on crossing the border with cash, etc.

Our bank lawyer will advise you on the following issues

How much money can be deposited in a bank in Poland?
What to do when the bank requested documents about the origin of cats?
What documents confirm the origin of the funds?
Where to get documents confirming the origin of funds?
What to do if there are not enough documents on the origin of the funds?
How to withdraw (return) blocked funds in a Polish bank?
How to close a bank account?
How to legally bypass financial monitoring in Poland?
What to do if there is no source of funds?

According to the Anti-Money Laundering and Terrorist Financing Act, Polish banks transfer information about their customers’ transactions in the amount of EUR 15,000 and above to a special body — the General Inspector of Financial Information (similar to the State Financial Monitoring Committee in Ukraine).

How long does company registration take?

If the remote S24 system with standard articles of association is used, the procedure for entering the company in the register takes from 1 to 7 business days. If the business requires individually drafted articles of association, the process is completed through a Polish notary and takes from 14 to 21 days. Additional time will be required to open a bank account, depending on how quickly banking compliance is completed.

Which is better for a foreigner: JDG or Sp. z o.o.?

Individual business activity (JDG) is primarily suitable for freelancers, but it has two critical disadvantages: unlimited financial liability with all personal assets and high monthly ZUS contributions (more than PLN 2,350 per month in 2026). An Sp. z o.o. protects personal assets (liability is limited to capital starting from PLN 5,000) and allows ZUS contributions to be completely avoided if the company has two or more founders.

Is it necessary to immediately deposit the PLN 5,000 share capital into an account?

No. Under Polish law, during registration it is sufficient to provide an electronic declaration of the management board confirming that the minimum share capital (PLN 5,000) has been fully formed and contributed by the founders. There is no requirement to freeze the funds in a special bank account before company registration.

Successful cases on the topic: