The choice of jurisdiction is one of the important steps for starting a business, because this step determines the near future development of this business. Therefore, at this stage, it is very important to take into account all the pros and cons of the jurisdiction you choose.
Poland is one of the most favorable jurisdictions for starting a business abroad and we offer you summary data on this jurisdiction.
| Type of company | Polish limited liability company (Sp.z.o.o) |
| Relevant Companies Law | The Code of Commercial Companies of 15 September 2000 year |
| Obligation of the local office | Polish law requires companies to have a local address |
| Language of corporate documents | Polish and translation documents into English with notary certification and apostil |
| Currency | Polish zloty (PLN) |
| Corporate tax rate | 19% for all corporations, 9 % for companies with annual turnover of less than 1, 2 million EUR (beginning in January 2020, this tax rate will apply to companies with annual turnover up to 2 million EUR) |
| Obligation to appoint company secretary/local secretary | Not required |
| Obligation to appoint company director | Required |
| Obligation to appoint the local director | Not required |
| Minimum number of the directors | 1 |
| Obligation to register shareholder | Required |
| Minimum number of shareholders | 1 |
| Obligation to hold annual assembly | Required |
| Obligation to prepare financial reports | Required |
| Obligation to submit financial reports | Required |