All types of business formation in Poland
At CGO Legal – a corporate law firm in Warsaw – we aim to provide complex legal support in terms of business formation in Poland. We listen to our clients’ needs and provide them with business solutions which suit their business model best. Among our services related to business formation in Poland you may find:
Company formation in Poland
Probably the most popular form of doing business in Poland by foreign investors is setting up a subsidiary in our country. Among the most common types of companies chosen by our clients’ you may find:
- Polish Limited Liability Company (spółka z ograniczoną odpowiedzialnością or simply “sp. z o.o.”)
Relative simplicity of formation combined with preferential taxation makes it one of the best choices for both start ups and foreign corporations. The limited liability of shareholders and relatively simple corporate structure (only one board member required, no requirement for supervisory board) makes it a perfect match for virtually every organization.
- Polish Joint Stock Company (spółka z ograniczoną odpowiedzialnością or simply “S.A.”)
The Polish Joint Stock Company is a more refined version of a company which guarantees a full protection of assets of the stockholders. Although it is still tax-effective choice there are some factors which limit its popularity among investors. The first of the said factors is the amount of the initial share capital which for the Polish Joint Stock Company amounts to 100 000 PLN, while in the Polish Limited Liability Company it is only 5 000 PLN. Te second factor is a relatively complex corporate structure – not only you need at least one board member but also at least 3 members of the supervisory board (which is obligatory). The said limitations have been majorly lifted by implementing a Simple Joint Stock Company – gaining popularity among foreign investors.
Our clients decide to go for the company formation in Poland if they want a simple, self-sufficient structure.
Branch registration in Poland
Registering a branch in Poland is a good choice for larger corporations who would like to keep the cash-flow between the mother entity and the Polish part of business simple. Although the registration process is not too complicated it usually takes time for the Polish commercial court to verify the documents of the mother company. There are many tax issues related to the activity of the branch, therefore we strongly recommend to run a thorough financial/tax analysis of the topic before making the decision on choosing a branch over a subsidiary in Poland.
Representative office in Poland
Registering a representative office is the easiest way of establishing a foreign investors presence in Poland. It is much less formalized than both the company formation and branch registration. The role of the representative office however is limited only to marketing activities. The representative office can’t do business in Poland.
What is the best form of doing business in Poland?
There is no universal answer here. In order to provide you with a comprehensive advice our specialists will ask you a number of questions. Experience of our experts is your guarantee of not making a mistake on your first steps in Polish business. Do not hesitate to contact us for advice.