Poland Company Formation |
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Poland company formation is the first step to efficiently and effectively conducting business in Poland. The following information will help you determine whether Poland company formation is an optimum corporate structure to fulfill your regional and international business objectives. |
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Advantages of Poland Company Formation |
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| 1. | A Polish company can be 100% foreign-owned. Poland company incorporation requires only one shareholder and one director to fulfill statutory company law requirements. The director does not need to be resident in Poland and can be of any nationality, although certain visa requirements exist. |
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| 2. | The minimum capital requirement for registering a limited liability company in Poland is Zloty 5,000 (Euro €2,000). |
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| 3. | Healy Consultants can open a corporate bank account to support Poland company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
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Disadvantages of Poland Company Formation |
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| 1. | A limited liability company in Poland cannot repatriate profits; however, a branch company can repatriate profits to the parent company.
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| 2. | A Poland company is subject to a corporation tax of 19% on worldwide income. Following Poland company formation, it is necessary to prepare annual financial return statements, however, an annual audit is not required. |
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| 3. | Poland company incorporation time is lengthy compared to some other jurisdictions, taking up to 6 weeks to complete the company registration process. |
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| 4. | Poland is negatively perceived as the 34th-most competitive country out of 59 surveyed, according to the World Competitiveness Yearbook 2011. |
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| 5. | Poland is a member of the European Union (EU), but is negatively perceived as the 41st-least corrupt country out 178 surveyed, in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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| 6. | The World Bank ranks Poland as the world's 62nd-easiest country in which to set up a business, its greatest challenges include dealing with construction permits and starting a business. The report scores on factors such as simple incorporation formalities and ease of obtaining business licenses. |
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Contact Us |
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For more information on Poland company formation, contact email@healyconsultants.com or telephone (+65) 6735 0120. |
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