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 |