Poland company registration

DOING BUSINESS IN POLAND

Since 2004, Healy Consultants Group PLC has supported our Clients with timely business registration from A to Z of their business in Poland.

We can provide the following services to both individual entrepreneurs and multinational conglomerates, including: i) Poland business registration, ii) license advisory services iii) nominee services for Poland resident representatives, iv) corporate bank account opening services v) Schengen visa strategies and vi) office rental solutions.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Poland company registration

    Poland business registration advantages and disadvantages

    1. Poland is a heavy industries paradise in Central Europe, because:
    2. Poland is a secure investment destination in Europe, because:
      • Poland has a reputation for political stability and a relatively efficient, transparent government, compared to other nearby Eastern European countries;
      • While Poland is not part of the Eurozone, starting a business in Poland will not expose our Client to currency risk and exchange controls;
      • For “Trustworthiness and confidence” rankings by the WEF, Poland is ranked ahead of many reputable economies, such as i) Japan ii) Belgium and iii) Austria;
      • Poland is part of many economic and military unions, such as i) Visegrad four ii) European Union and iii) NATO. Consequently, the country’s borders are well-protected.
    3. Registering a new company in Poland imposes few requirements, including:
      • A foreign investor can be appointed as both shareholder and director, without the need for local resident representation;
      • The mandatory minimum paid-up share capital is just €2,000 (PLN5,000);
      • Poland is positively ranked in the top 25 countries in the World for Doing business, according to the World Bank for 2017;
      • Personal travel is not required to complete company setup and corporate bank account opening; and
      • A simple Poland legal registered business address is sufficient to begin operations.

    Disadvantages of Poland company registration

    1. Registering a business entity in Poland can be a lengthy process, compared to other European countries. As a result, the World bank ranks Poland as 107th easiest place to do business in the World;
    2. The public institutions in Poland are not efficient, as the country lags behind countries infamous for red tape such as i) Côte d’Ivoire and ii) Indonesia;
    3. Poland is negatively ranked as the 62nd country by the Corruption Perception Index for 2016;
    4. All company setup documents must be translated in Polish. This creates additional delays for the formation of a subsidiary in Poland and additional third party costs for the engagement.
  • Best uses for Poland company

    1. Poland is a great place to form a manufacturing company, thanks to abundance of well-developed business sectors and cheap labour costs;
    2. While Western Europe is still shaking due to BREXIT and Eastern Europe is struggling with ongoing migrant crisis, Poland remains a politically stable destination for foreign investment in Central Europe.

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Company registration

  • Time to incorporate: Four weeks
  • Cost to set up: €10,960
  • Minimum capital: €1,200
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 19%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: Sp. Z.O.O.

Contact us

For additional information on our company registration services in Poland, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar