FREQUENTLY ASKED QUESTIONS (“FAQ")
A ready-made shelf company is a fully registered entity with KRS, NIP and REGON numbers, a wide range of PKD codes, contributed share capital (PLN 5,000), and the address of its registered office. Contrary to the competition, our companies have registered VAT and VAT-EU numbers, and not just a notification to both databases.
Such an entity will allow you to start business on the same day, without waiting a few weeks for the registration of the company from scratch, and the related formalities.
In short: Contact -> Preparation of documents -> Visit to a notary -> Submission of documents to KRS (the National Court Register) -> Change of data in KRS (the National Court Register) -> Submission of documents to the Tax Office.
Every foreigner, regardless of their origin, has the right to conduct business activity in any form of company in Poland, as well as to acquire its shares, shares, rights and sit on the management board or supervisory board. In order to purchase or establish a company, only a valid passport or other document confirming identity is required.
The good news is that you can start working the same day after the purchase of the company. Entering changes to the KRS is only a confirmation of our transaction. An application to the National Court Register together with a confirmation of its submission to the court gives you full rights before banks and other entities (e.g. contractors, Social Insurance Institution (ZUS), Tax Office).
Most of the companies offered by us do not have a bank account. At the Client’s request, however, it is possible to open an account for a ready-made shelf company, so that it is ready just after the purchase, even without waiting for changes in the National Court Register.
The process of changes in the National Court Register does not affect the possibility of starting business activity. After selling the shares and changing the management board, you can start business on the same day. Changes in the National Court Register alone may take 2-5 weeks from experience and this is the normal waiting time. For our part, we make every effort to shorten this time thanks to, among other things, our experience in the whole procedure.
For each company you can change the above features. In such a case it is necessary to change the articles of association in the form of a notarial deed. Thanks to our help, we can quickly and efficiently go through the whole procedure with you, starting from drafting the notarial deed and ending with registering the necessary changes in the National Court Register.
Most of our companies are so young that there is no need to file financial statements yet. The rest of the entities have reports already submitted and disclosed in the National Court Register.
When purchasing share capital, you have to secure it yourself. This can be done in cash or by depositing into a bank account. Share capital is money that can be used by a company to cover the costs of its current operations.
The biggest attributes of a limited liability company:
a) NONNECESSITY OF ZUS’ PAYMENT – the exception is a one-person limited liability company, in which the sole shareholder is a natural person. In the case of even a small share of the other partner, e.g. 5%, there is no obligation for the partners to pay social security contributions,
b) DISTINCTNESS BETWEEN PRIVATE PROPERTY AND COMPANY PROPERTY- Sp. z o.o. – a limited liability company – is independently responsible for the liabilities incurred, the partners are not responsible for the company’s liabilities with their private property. Members of the Management Board (e.g. President, Vice President, Member of the Management Board) are liable to a limited extent (subsidiary), exclusion in case of insolvency of the Company, based on a civil action of the creditor.
c) UNIVERSALITY – a limited liability company is suitable for conducting any type of business activity, in particular when it has a wide range of PKD codes. Besides, if you do not want to conduct business anymore, you can sell shares in the company or liquidate it.
d) CREDIBILITY – a limited liability company as a capital company in which shares are subject to sale (as opposed to sole proprietorship or a civil partnership) is better perceived in business transactions, among other things, due to the need to keep full accounting.