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…
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…
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…
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…
VAT taxpayers white list in Poland from September 2019 From September 2019, the so-called white list of VAT in Poland has applied. It contains information on VAT registration, de-registration and status of the Polish VAT payer, as well as bank account numbers of entrepreneurs in Poland. Money transfer to an account other than the one indicated on the…
Financial Statement 2019 – Company in Poland, complete guide. Currently, Financial Statement of Polish Limited Liability Company and all other related financial documents have to be prepared and submitted to the National Court Register only in electronic form. It is no longer possible in any circumstances to submit financial documents of company in Poland in paper form to…
9% Corporate Income Tax – company in Poland. The basic rate of corporation tax for Limited Liability Company in Poland is the flat rate of 19%. However, from the beginning of 2019 the preferential rate of CIT has been implemented in the rate of 9%.When 9% Corporate Income Tax for Polish Limited Liability Company will be applicable?First of all,…