Poland

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