Licenses are granted by the Polish Financial Supervision Authority (“KNF”) under the Act on trading in financial instruments.
Below please find features of the particular license categories in more details:
Feature/Category | TYPE A- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments | TYPE B- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments | TYPE C- Poland Investment Firm License covers one or more of the following services: • Reception and transmission of orders in relation to one or more financial instruments | Tied Agent- Poland Investment Firm License |
Type of company required to be eligible | Ltd company | Ltd company | Ltd company | Physical person or Legal Person |
Corporate taxation | 19% | 19% | 19% | * |
Minimum paid-up statutory capital | 800,000 EUR | 125,000 EUR | 50,000 EUR | Not required |
Main requirements | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | Physical office, qualified personnel, Compliance Officer/AML Officer, Internal and External Audit, Accounting, Risk Management | The Tied Agent should be approved by a Poland Investment Firm or from an EEA State |
Timeframe | A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing | A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing | A completed application is normally decided upon KNF approval within 6-9 months from the date of the final filing | A completed application is normally decided upon KNF approval within 1-2 months from the date of the final filing |
Government fees | 4,500 EUR | 4,500 EUR | 4,500 EUR | * |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
1) Opening of operational and clients bank accounts (worldwide).
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
"*" indicates required fields