German company incorporations

Poland

(fees quoted are exclusive of VAT)

Introduction:
The Polish market is the largest in Eastern Europe and is an attractive new market for investors. Poland joined the EU in 2004, since when it has really prospered as business investors set up companies in this enterprise-friendly new market.

Requirements:

  • The minimum share capital for a private limited company (a Spolka z.o.o.), the most popular format for small/medium sized companies, is 5,000 PLN (zlotys) (approximately 1,250 Euros) to be fully paid up. The minimum nominal value per share is PLN 50 (approx 50 Euros).
  • No restrictions on foreign shareholders.
  • Nominee shareholders are allowed. We can provide a nominee shareholder service should you require confidentiality of the shareholders. However a bank account cannot be opened with a nominee director
  • Initial shareholders are public knowledge, as the statutes are filed with the State Court Register, the Register of Economic Entities (REGON) and the Register of Entrepreneurs. Subsequent sale and purchase of shares are confidential.
  • Minimum number of directors is one. They can be of any nationality, but cannot be corporate bodies.
  • Annual accounts to be prepared and held at company offices, along with the Register of Shareholders and the Register of Directors
  • A signatory is required to visit Poland to open the bank account.
  • For EU VAT registration a virtual office is required.
  • An Annual General Meeting has to be held and filed in Poland.
  • In order to incorporate a Spolka z.o.o. company in Poland, the following is required in addition to the proposed name:
    • Full name, date of birth, address and nationality of the directors ;
    • Full name and address of shareholders;
    • Objects of the company, specifying the principal activity;
    • The amount of share capital to be invested;
    • The amount of capital and the number of shares subscribed to each member.
  • The Articles of Association are then signed and notarized. The application to register the company with the State Court Register and Statistical Office is then completed. We then obtain the unique REGON number for the company, which identifies the company business sector as well as various other details. We then have to register the company with the tax authorities and the company registration is officially announced in the Monitor Sadowy i Gospodarczy.

Time taken to incorporate:
A new private limited company can take 6-8 weeks, but readymade companies are available to trade immediately.

Fees

Incorporation, bank account, nominee director (1 year), registered office (1 year) and VAT registration
 £6,000
Annual costs thereafter:

Registered office		 £800 per annum

AGM at the end of Company Financial year end		 £1,200 per annum

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.