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…
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…
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…
Share capital of Limited Liability Company in Poland. 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,…
Articles of Association of Company in Poland 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.…
Buying shares in Polish Limited Liability Company 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…
Rights and obligations of shareholders of the Limited Liability 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…
Corporate structure of Limited Liability Company in Poland 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…