Cryptocurrency Business Register in Poland Conducting business activity in the field of cryprocurrencies in Poland becomes a regulated business shortly. Cryptocurrency entrepreneur will be obligated to obtain entry into Cryptocurrency Business Register in Poland. Entry into cryptocurency register shall be subject to certain formal conditions. New Polish AML regulation Firstly, it would do well to recall that, according to Article 1, paragraph…
Changes to the name of company in Poland After establishment of the company in Poland the decision to change business name of company may arise. This can occur for various reasons, such as rebranding, adaption name of the polish company to offered services or products, differentiation from the competition. How to change name of company in Poland? Changing the name…
Company registration in Poland in 2020 Registration of Polish Company is the most popular form of conducting business activity in Poland by foreigners. In most cases foreigners decide to open Polish Limited Liability Company (pl: “Spółka z ograniczoną odpowiedzialnością”). This type of the company may be opened in Poland by any natural person (EU and non-EU citizens) and…
Limitations of business activity in Poland Freedom of conducting business activity In accordance with Article 3 of the Polish Act - “the Entrepreneur Law” the business activity in Poland is organised and commercial activity, performed on own behalf and on a continuous basis. The fundamental principle in Polish commercial law is the freedom to conducting business activities. This…
Commercial Register in Poland As a rule, conducting business activity requires entry into Commercial Register in Poland. There can be distinguished two Business Registers in Poland: Central Registry and Information about Business Activities (pl: “CEIDG”) and Companies Register – National Court Register (pl: “KRS”). Companies Register in Poland – National Court Register (pl: “KRS”) The National Court Register…
Coronavirus in Poland - entrepreneur's guide The state of epidemic threat was announced in Poland because of Coronavirus disease. As of 14 March 2020, restrictions on conducting business activity in Poland came into force. The restrictions will be applicable until further notice. Restricted business activity in Poland because of Coronavirus (COVID-19) Polish entrepreneurs until further notice may not…
Access to public information in Poland Tomaszowski Informator Tygodniowy, 8/2020, 21/02/2020 Recently, I had enormous pleasure to represent weekly “Tomaszowski Informator Tygodniowy” in case against the President of Tomaszów Mazowiecki. President refused to provide reporter with public information about termination of agreement between magistrate and one of the employees. As a result of my appeal, refusal decision of…
CBD in Poland - novel food recognition European Commission decision on recognizing CBD as novel food was received very badly by CBD industry. Classification CBD and CBD products as novel food could have had real impact on growing CBD business. This classification had also implication on CBD undertakings in Poland. EU position on CBD as novel food A…
VAT White List in Poland and payment to foreign contractor When do you have to pay on the account indicated in Polish VAT White list? First of all, it has to be outlined that obligation of payment to the contractor’s bank account indicated in Polish VAT White List applies only when the seller (issuer of the invoice) is…
5th AML Directive in Poland The Fifth Anti-Money Laundering Directive (5AMLD) will come into force on the 10th of January 2020 in Poland and other EU Member’s State. The new regulations are addressed among others to cryptocurreny business undertakings. There will be also new KYC obligations to be fulfilled by Polish obligated institutions in relation to contractors from high-risk third…