Increasing Share Capital in a Polish Company

Increasing the share capital in a Polish company is a process undertaken to secure additional financing or meet legal and regulatory requirements. The raising share capital of company in Poland can be completed either through traditional notarial procedures or online via EKRS system. This article provides overview  of the methods, procedural steps, requirements and potential costs to navigate…

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Financial Statement of Polish Company

Polish company is obligated to prepare, approve, and submit its financial statement for the previous fiscal year to the National Court Register (KRS). The deadline for fulfilling this obligation is July 15.  The article presents key information regarding annual fiscal obligation of company in Poland. Timeframes Most Polish companies decide to use calendar year as their fiscal year.…

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New Webpage of Commercial Register in Poland

At the beginning of May 2024, there was an unexpected change to the website of the Commercial Register in Poland. The new webpage is also available at a new address: https://wyszukiwarka-krs.ms.gov.pl Commercial Register in Poland As before, access to the Commercial Register is completely free. It is the most important register in Poland, where all Polish companies can…

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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 of the company is connected with amendments of…

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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 foreign entities without any limitations. Polish…

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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 is probably the most…

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Company formation in Poland by foreigner

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 activity in Poland.  Not every foreigner may establish…

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Transferring 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 out of money in a Polish company?You…

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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, its corporate structure, accountancy regulations indicate that capital…

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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. This rules define the competences of the…

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