Choosing a Legal Form for Your Company in Poland
Despite being fully a relatively small country, Poland has one of the very most vibrant economies in Central and Eastern Europe. It is the greatest economy in the region and serves as an attractive destination for foreign investors seeking to start a business. But, before you can do that, it's important to know the basics of business registration Poland.In this information, we'll walk you through most of the steps necessary to create your company in Poland.
The first faltering step in the process is to join up your company with Poland's Central Business Registry (KRS). This is performed by submitting an application to the KRS and providing all the necessary documents. Documents needed include a copy of one's passport, evidence of residence in Poland, a completed business plan, an authorization form signed by all partners, and a list of company shareholders. Once most of the documents are submitted, you ought to receive confirmation in a couple of weeks or less.
After registering your company with KRS, you must also register it for tax purposes. This is performed through the Ministry of Finance and requires filing a credit card applicatoin form along with other legal documents like a certificate of incorporation, memorandum of association, and bank statement. Once these documents are submitted, you need to be given a tax identification number (NIP) in fourteen days or less.
Once your company is registered with the KRS and Ministry of Finance, then you're able to apply for almost any necessary permits or licenses required to work your business. This might include a professional license, a trade license, or permits to use using areas. Depending on the type of business you're running, other authorizations may be required as well.
Next, you may need to open a bank take into account your business. This can be done at the major banks in Poland and requires submitting the same documents you submitted for KRS and Ministry of Finance registration.
Finally, you will need to register your organization with the Social Insurance Institution (ZUS). This is done by submitting a copy of the company's articles of association, evidence of address in Poland, and a listing of all employees. Once these documents are submitted, you need to receive confirmation in a couple of weeks or less.
1: Choose Your Business Structure
The first step to establishing your company in Poland is selecting a legal structure for the company. There are numerous solutions, but the most common ones are limited liability companies (LLC) and joint stock companies (JSC). LLCs are simpler and require less paperwork than JSCs, but they likewise have fewer benefits in regards to taxation and profit distribution. JSCs offer more complicated structures with higher compliance requirements, however they have greater financial flexibility and tax advantages.
2: Register Your Company
Once you've chosen a structure for the company, you will need to register it with the Polish government. This method involves filing documents at the National Court Register (KRS), which will be in charge of registering businesses in Poland. You should provide details such as the name of your organization, its registered address, its capital structure, etc., along with other relevant documents like statutes or articles of association. Make certain every one of these documents are properly prepared before submitting them to KRS.
3: Obtain Permits & Licenses
Depending on the type of business you wish to come from Poland, you may want special permits or licenses from local or national regulators. For example, if you plan on running a restaurant or retail shop you then will probably need permission from local authorities as well as health and safety licenses from state institutions like Sanepid (the Polish sanitary inspectorate). Make sure you research all applicable regulations beforehand in order that you may get all necessary permits and licenses prior to starting operations.
Conclusion:
Starting a small business in Poland may be daunting initially due to all the paperwork involved but following these three steps should help make things easier for you. First off choose a legal structure that best suits your requirements; then register your company with KRS; finally obtain any required permits/licenses from local or national authorities prior to starting operations. With some patience and dedication following this guide needs to have your company up-and-running smoothly in no time! Good luck!