Poland is one of the most favorable jurisdictions for starting a business abroad.
Poland is a country located in Central Europe. It is divided into 16 administrative subdivisions, covering an area of 312,696 square kilometres (120,733 sq mi), and has a largely temperate seasonal climate. With a population of nearly 38.5 million people, Poland is the sixth most populous member state of the European Union.
Poland has a developed market and is a regional power in Central Europe, with the largest stock exchange in the East-Central European zone. It has the sixth largest economy by GDP (PPP) in the European Union and one of the most dynamic economies in the world, simultaneously achieving a very high rank on the Human Development Index. Poland is a developed country, which maintains a high-income economy along with very high standards of living, life quality, safety, education, and economic freedom.
|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|