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 out of money in a Polish company?You…
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 Polish VAT white list may be subject to critical consequences…
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 register. This makes the whole process multistage and demanding…
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, the reduced tax rate may be applied only…
From the very beginning it has to be outlined that Polish Limited Liability Company (Pl: “Spółka z ograniczoną odpowiedzialnością) is commercial entity with a capital character. In contrast to the Partnership, the main emphasis in LLC is on capital, not on persons of shareholders. The whole nature of Polish LLC, its corporate structure, accountancy regulations indicate that capital…
Articles of Association of company in Poland are most important corporate document. Concluding Articles of Association is also first step of establishment Polish company.Moreover, Articles of Association should be considered as the subject of which is the creation (formation) of a legal entity and establishing the rules of its legal system. This rules define the competences of the…
Under provisions of Polish Commercial Code buying or selling Polish Limited Liability company is nothing more than purchasing shares of company in Poland. Under Polish Commercial Code, the sale of shares in company in Poland is type of universal succession. The buyer of share enters all rights of seller assigned to shares. Requirements of buying company in Poland…
As a general rule, the shareholders have equal rights and obligations in the limited liability company in Poland, unless otherwise stipulated in Articles of Associations. This rule is called principle of equal treatment of shareholders in the same circumstances. The rights of shareholders in Polish Limited Liability Company Shareholders' rights should be divided into:rights “attached” to shares (arising…
Polish Limited Liability Company (pl: “spółka z ograniczoną odpowiedzialnością”) is corporate entity with personal and capital structure. It has legal personality, acts only on its behalf and bears responsibility only with its assets for obligations. Limited Liability Company is independent legal entity separate from owners.Generally, the corporate structure of Polish Limited Liability Company and its operational is two-level.…
Our Law Firm in Poland main scope of field activity is, amongst others, assistance in company formation in Poland. To open company in Poland we recommend using traditional and classic way involving visit in Notary Public Office or remotely via us as attorneys.Click here to check specific information about company establishment in Poland Company registration in Poland via…