CBD in Poland – novel food recognition

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…

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5th AML Directive in Poland

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…

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Beneficial Owners Register in Poland

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…

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Split payment in Poland

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…

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The 4th Polish Young Attorneys Forum

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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…

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Company formation in Poland by foreigner

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…

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Transferring personal money into company in Poland

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…

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