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…
Individual tax account – tax micro account in Poland As of 1st January 2020 Polish taxpayers will be obligated to pay VAT, PIT, CIT only on their individual tax account in Poland. How does it look now? Now taxes are paid to the bank accounts of Polish tax office competent for the taxpayer. Moreover different type of tax…
Beneficial Owners Register in Poland What is Central Register of Beneficial Owners in Poland? The Polish Register of Real Beneficiaries (pl: “CRBR”) is new system of information introduced in October 2019 in Polish law. One of the main reason of setting out the Register of Beneficial Owners in Poland is counteracting money laundering and terrorist financing. Polish Government…
Law Firm in Poland on Web Summit 2019 - Let's meet! As representative of Law Firm in Poland I have just landed on Web Summit 2019. After Opening Ceremony event I am sure that it will be at least as good as last year. What is really important from my point of view, Web Summit is best chance…
Split payment in Poland As of the beginning of November 2019 the provisions regarding obligatory split payment in Poland come into force. It is worth underline that this obligation may also apply to a large part of small companies in Poland, including entities conducting sole proprietorship. What is split payment? Split payment generally has to be defined as:payment…
The 4th Polish Young Attorneys Forum The 4th National Forum of Young Lawyers – representatives from all over the Poland is now behind us. Just like a year ago, I had an enormous amount of pleasure in participating this event.The Idea of Young Attorneys Forum is to be a platform for the exchange of experiences of licensed lawyers from various cities in Poland. It…
Company formation in Poland by foreigner – requirements Many of our foreign clients’ main question in regard of company formation in Poland is about requirements. Are there any conditions which foreigner has to meet to open company in Poland? Foreigners groups First of all, it has to be underlined that we can distinguish several forms of operate business…
Transfering personal money into company in Poland The minimum value of the share capital in a limited liability company in Poland is PLN 5.000. This amount covers only the initial operating costs of Polish company. The share capital money runs out very quickly. This raises the question how to finance companies activities? What to do if you run…