FAQs

Yes. Foreigners also non-UE nationals can set up a company in Polnad without any additional reuirements.

non-EU citizen can set up only a limited liability company or a joint stock company.
EU citizen can set up any kind of company the same like Polish citizens.

Yes Non-Polish can be the sole director or sole shareholder for Poland company registration.

No, company can be registered without local (Polish) director.

Yes, we can register a company remotely on the basis of Power of Attorney granted by client.

Client should deliver a Power of Attorney (PoA) prepared according to our draft. PoA must be notarized in client’s country of stay and atested by Polish embassy.

We need also scan of client passport (directors and shareholders).

If shareholder is legal entity like a foreign company, we need a certificate of incorporation translated into Polish.

To start the registration process we need from client:

• name for the company,
• scope of business,
• amount of share capital,
• shares ratio (if there is more than one shareholder),
• names and addresses of shareholders and directors.

Traditional paper registration requires notarial deed to establish a company and takes about 30 days.

Online registration takes about 5 days but requires from client to have Polish e-trusted profile and PESEL number.

No, residency is not required for company registration.

Each company has to have own official address that will be entered into court register.  It could be real office, virtual office, as well as a private address. However company is always obliged to have signed  contract for using address.

Not always. Company is obliged to register as subject to VAT if its annual turnover will exceed 200.000 PLN (about 50.000 Euro). However there are exceptions that company is obligatory subject to VAT due to specific activity (e.g. legal services) regardless of amount of turnover.

yes, company is obliged to open a bank account as soon as will start its activity.

Minimum share capital in limited liability company is 5000 PLN.

Minimum share capital in joint stock company is 100.000 PLN.

no, share capital is not a deposit. it can be used by directors for ongoing company’s expenses.

Yes, we provide a service for nominal director. However it is special service based on trust therefore we evaluate each client if we can provide for him such service.

Yes each company is obliged to run full accountancy even if there was inactive period for entire financial year.

Company should submit financial statements to registry court within 14 days after its approval by general shareholders meeting. General shareholders meeting should take place  within 6 months after the end of financial year.

Yes, you can apply for business visa in Polish embassy on the basis of company formation. However you have to fullfill other requirements (like documents confirming financial situation and work experience). Your visa application can be refused by embassy if your purpose of stay in Poland is unclear or if there is a risk that you are not going back to your country after visa expiration.

Yes you can work in your company without work permit, on basis of multi entry business visa which is valid for max. 12 months.

You can stay in Poland not longer than 6 months during 1 year.

No, it is not enough to get residence permit. You have to fullfill another requirements like acheiving income or making investments in Poland.

rate of corporate income tax for small companies is 9 % (less than 1,2 Euro turnover per year. ) if  annual turnover exceed more than 1,2 mln Euro tax rate is 19 %.

general rate is 23% for goods and services,

8 % for food and beverages.

if you are sole shareholder and only director in your company you have to pay social contribution each month even if you don’t take salary from company