Company Formation Poland
The Republic of Poland, is an important central European country that has a population of more than 38 million people. The country is subdivided into 16 administrative provinces. It is the sixth largest EU member states by population. Poland borders the Baltic Sea, Lithuania, Ukraine, Germany, Czech Republic, and Russia. Poland has a GDP of more than $1.2 trillion and is the 22nd biggest economy in the world. Poland joined the European Union in 2004. Poland is ranked at position 40 on the World Bank’s ease of doing business index.
Why Start a Business in Poland?
- Poland has a large population, which creates a large addressable market.
- Poland is seeing impressive GDP growth. The country is growing at 4.6%, which is above the EU average.
- Poland is a member of the EU and it also borders some of the most important EU members.
- Poland has a highly-developed infrastructure, which makes it easier for businesses to do business.
- The process of registering a company in Poland is relatively easy.
Steps of Registering a Company in Poland
The process of registering a company in Poland is very easy. There are two methods of achieving this. There is the traditional and electronic methods of registering a company in Poland. In the traditional method, you need to visit the notary office to sign the memorandum of association. In this case, all shareholders must be present. Alternatively, you must be represented by a proxy, who has a notarized power of attorney. It is in this step that you appoint a management board. The process will take about 7 days to complete.
The electronic method requires that you use the internet. The members of the companies must have an electronic signature. After signing the application, you should submit the documents online. After this, the process should take between 1 and 2 working days to be completed.
After you register a company, you need to file for VAT at the tax office.
FAQs on Business Registration in Poland
What is the corporate tax in Poland?
The corporate tax rate in Poland is 19%. There is also a value added tax (VAT) that starts at 22%. This VAT is exempted for companies that have an annual turnover of less than EUR 10,000.
How long does a company registration take in Poland?
It depends on the mode of registration used. If you use the traditional method, it will take about a week. If you use the digital method, it will take you one or two days to be registered.
What documents are required to register a company in Poland?
You need your identity card, visa – for foreigners – and the memorandum of association.
Do I need to be physically present?
You does not need to be present. We recommend that you use the electronic method of company registration. Here, you will need to have a valid digital signature. A better alternative is to use a proxy, who is recognized by the notary office.
At GFSC Global, we are one of the biggest company registration companies in Poland. We have a team of experienced professionals who have been in the industry for years. We also help hundreds of companies be registered every month.
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