Poland company registration

DOING BUSINESS IN POLAND IN 2020

pay fee by instalmentsbusiness setup without travel

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.

Compare different Polish entitiesLLCCryptocurrency entityFree zone LLCLLPRepresentative office
Also known asSpółka z ograniczoną odpowiedzialnościąFirma kryptowalutaFirma w wolnej strefieSpółka z ograniczoną odpowiedzialnościąPrzedstawicielstwo
Best use of company?All products and servicesFinTech servicesManufacturing and export tradingProfessional servicesMarketing and research
How soon can you invoice Clients/sign sales contracts?3 weeks3 weeks4 weeks4 weeks4 weeks
How soon can you hire staff?3 weeks3 weeks4 weeks4 weeks4 weeks
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?4 weeks8 weeks4 weeks4 weeks4 weeks
How long to supply company registration/tax numbers?4 weeks3 weeks4 weeks4 weeks4 weeks
Corporate tax rate on annual net profits?9-19%19%Up to 0%0%No income
Limited liability entity?YesYesYesYesYes
Government grants/incentives available?YesYesYesYesNo
Government approval required for foreign owners?NoNoNoNoNo
Resident legal representative required?NoNoNoNoYes
Minimum paid up share capital?€1€1,200€1,200NoneNone
Can bid for Government contracts?YesYesYesYesNo
Corporate bank account location?PKO BPBank PekaoING Bank ŚląskiBZ WBKBGZ BNP Paribus
Can secure trade finance?YesYesYesYesYes
VAT payable on sales to local customers?23%23%23%23%No sales
Average total business set up engagement costs?€12,160Request a proposal€14,910Request a proposal€15,780
Average total engagement period?2 months3 months2.5 months2.5 months2.5 months

Poland company registration summary

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 has a new tax policy in place with effect from January 01, 2019:
      • It allows for a reduced corporate income tax rate for companies with a turnover of less than €1.2 million and a ratio of income to revenue of less than 33%;
      • Launch of the Innovation Box will allow companies conducting R&D activities related to intellectual property rights to enjoy a preferential CIT of 5%;
      • Revenue from trading in virtual currencies will be considered a part of capital gains and taxed accordingly;
      • Under the new Polish Investment Zone law, companies can apply for a CIT exemption on new investments.
    2. Poland is a heavy industries paradise in Central Europe, because:
      • Aviation Valley in south-eastern Poland is one of the best places in Central Europe for aerospace projects;
      • In a Deloitte study of the automotive industry in Central Europe, Poland is the most preferred location for starting a new manufacturing plant;
      • There is abundance of qualified labour in Poland. 30% of 25-64 years old in Poland held a tertiary qualification, and 88% of them were employed;
      • Labour costs in Poland remain low with only €10.1 average hourly employee wage in 2018;
      • Businesses from several manufacturing sectors may apply for Government investment grants and tax deductions, if they: i) create more than 250 new jobs and ii) invest more than €9.3 million;
      • Under the Special Economic Zone Program in Poland, participating companies enjoy multiple incentives, including: i) tax exemptions for qualifying companies; ii) assets purchase grants and iii) staff expenses coverage.

    Disadvantages of Poland company registration

    1. Poland company formation is more bureaucratic than in neighbouring countries. For example, business registry is slow to review documentation, sometimes taking more than 14 workings days;
    2. All foreign documents must be translated into Polish, adding cost to Client engagements;
    3. Poland’s 2019 tax reform has significant changes to it, bringing tighter and stricter regulations, especially on the withholding tax regime, and beneficial owner requirements. Moreover, Poland has high personal tax rates. These might prove to be a disincentive for foreign investors;
    4. Most Polish banks require a face-to-face meeting before releasing corporate bank account numbers.
  • 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. Strategically located in the Central Europe, Poland remains a politically stable destination for foreign investments for over 10 years now. Whereas the safety as well as economic and political stability remains questionable for its i) fellow Western European nations that are still shaking due to BREXIT and ii) Eastern European countries that are struggling with the ongoing migrant crisis;
    3. Poland offers numerous benefits to all the Research and Development based companies in the country, including:
      • Preferential tax allowance i) to R&D centres and ii) on purchase of new technologies;
      • Real- estate tax (RETAX) exemption for all new investment projects implemented either in the premises of the City or Commune;
      • There are up to 46 technology parks in Poland aimed at providing excellent technical infrastructural facilities and adequate office spaces to all the R&D-based companies.

Company registration

  • Time to incorporate: Four weeks
  • Cost to set up: €12,160
  • Minimum capital: €1
  • Physical office required: No

Required appointments

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

Key facts

  • Corporate tax rate: 9-19%
  • Corporate tax base: Worldwide
  • Shelf companies: Yes
  • Main company type: Sp. Z.O.O.

Select corporate structure
Business set up guide
EU visa
Business set up strategy
Trademark registration
Compare similar North European countries
Compare low cost manufacturing in Europe

Contact us

For additional information on our company registration services in Poland, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!