Registration of Companies

Company incorporation in Poland

More and more foreigners decide to establish their enterprises in Poland due to the fact, that the country offers great access to new markets and the costs of formation of a business is relatively low. It is a country with rapidly growing economy in Central Europe. That is why some entrepreneurs have decided to form their ventures there so as to secure their profitable contracts.

It is not easy though to deal with all the legal matters in a foreign country, thus the entrepreneurs are seeking comprehensive help from law offices that know Polish law and will be able to deal with the activities connected with establishing their new venture.

Ready2go is a legal office that wants to help businessmen from other countries to set up their own companies in Poland. Our support is mainly for the clients, who do not have time or lack knowledge of Polish law. We are here for them to give legal support and help at any stage to make the incorporation of their enterprise simple. In fact, buying a new enterprise in form of a ready made company may occur in 24 hours.

Before registering a company in Poland foreigners have to decide what sort of venture to choose, as there are several forms of them. Generally they can be divided into Polish corporate companies and Polish partnerships. More popular amongst new owners are the first ones because they provide features of liability limitation of their owners. There are three of them we deal with:

• Polish Limited Liability Company (Sp.z o.o. = spółka z ograniczona odpowiedzialnością
• Limited Partnership (Sp.k. = spółka komandytowa)
• Polish Public Limited Liability Company (Sp. A. = Spółka Akcyjna)

Every foreigner, regardless of whether they are EU citizens or non-EU citizens can register or buy a company in Poland without any restrictions. Depending on the type of registration, there might occur a need to obtain the electronic signature or PESEL (polish ID number).

We strongly recommend to begin with formation of limited liability company, as each shareholder is responsible only for their share, and they do not risk losing their own assets. What is more, it is universal and available for foreign shareholders with the minimum share of 5000 PLN only.

Having analysed all the needs of the customers and meeting their expectations, our lawyers start to prepare all the necessary documents needed for company incorporation and arrange all the formalities including the Polish notary. First of all, we:

• develop a new contract according to Customer’s requirements,
• prepare all documentation for KRS (National Court Register) and submit them,
• monitor the process of registration and amend of data if necessary,
• send the registration documents to the Customer,
• prepare the application file to the relevant Tax Office,
• prepare notifications for VAT and VAT-EU if needed.

Poland company formation

It is not difficult to remark, that there is hish level of bureaucracy in Poland and the country has the most strict economic regimes in Europe so formation of business is also quite complicated. Our company is here to help overcome all the obstacles that may occur during the incorporation process.

Most of our Customers choose to establish a limited liability company than any other because is the easiest to form and there are many advantages of the structure for joint ventures with just o few shareholders and for shareholders who want to have close supervision of the business and limit the risk of losing their properties. In this case their liability limits to the assets invested in the business. Investing considerable capital in the enterprise gives the shareholders sufficiently great impact on business activities. It is also important to notice, that it is possible to conduct all kinds of business activity in this form.

The formation of such kind of company may be accomplished by one natural or legal person whose share will be at least 5000 PLNAll the partners are equal in the business duties and rights, and they share the profits of it equally, unless it is differently stated in an act of law or the business agreement. To form a venture some conditions must be fulfilled:

• all partners must contribute in the share capital,
• they have to choose a board of directors,
• the act of law or agreement must have the form of a notarial deed.

Prior to registry the name of the company should be chosen which differs from other companies names. At the end of the name there must be sp. z o.o. token.

All things considered, the formation process in the country is not so difficult as it may seem and with the help of Ready2go Law Office every entrepreneur can establish their own firm even without coming to Poland, as all the matters can be accomplished by our employees acting on behalf of the businessmen who want to be partners in the venture. You should be prepared however, to wait even a few months for VAT and VAT-EU registration of the company, so if Your time is limited then it is advisable to buy a ready-made business with positive financial history.

It is obvious that each business must have an office not only for registry but also to gain prestige for itself. It is also connected with customers’ trust in the enterprise which has an elegant, fully equipped office somewhere in the centre of a city than in a private house. Our law office offers a wide range of virtual addresses in many Polish cities, so if you need one to register a venture and sometimes deal with customers, there are some attractive offers for every businessman.