Find out all the details about each of these business forms in our 2022 guide to starting a business in Poland or learn more below: Designated partners are responsible for all actions of an LLP, and appointed partners must be responsible for legal and regulatory compliance. No minimum funding requirements. The Polish joint-stock company is mainly intended for large companies and can be set up by one or more companies (natural or legal persons). The minimum share capital for this type of company is PLN 100 000 and the par value of a share cannot be less than PLN 0.01. This company also has a board of directors, an additional supervisory board and is subject to VAT and corporation tax. The corporation must also be registered in the National Register of Courts. With the application, the contractor must submit a declaration that it holds legal title to the real property, including addresses already registered (i.e. correspondence address and all addresses of the business activity, including principal business address and branch addresses – if applicable). The legal title can be, for example, a real estate purchase agreement or a rental agreement. PLA.partners provides legal services in connection with the formation of companies in Poland.
If you are interested in setting up a company in Poland, below you will find information about the different types of companies in Poland. LLC2 is a separate legal entity. Generally, it is administered by the MC, who makes decisions on the most important matters of the LLC2 and oversees the general affairs of the LLC2. The MC is composed of all members of the Company (or their authorized representatives) who collectively contribute their capital to the founding capital of LLC2. The MC-appointed Chief Executive Officer (or CEO) is responsible for the day-to-day operations of LLC2. A company is considered resident if it has its registered office or effective place of management in Poland. While many people use the term to refer to businesses that have no employees other than the owner, the actual definition of “sole proprietor” refers to the legal structure of the business rather than the number of employees. While a business registered as a sole proprietor can only consist of the owner, it can also consist of the owner and additional employees. Advantages :* relatively easy configuration;* relatively low administrative burden* reduced costs. Cons:* Unlimited liability – if your business suffers losses, your personal property or property could be acquired by your creditors. LLC1 is a separate and distinct legal entity.
The President or Council of Members of the Society, composed of persons appointed by the sole member of LLC1, decides on the most important matters and oversees the general affairs of the LLC1. The Chief Executive Officer (or CEO), appointed by the President of the Society or the Board of Members, is responsible for the day-to-day operations of LLC1. This is an overview of certain aspects of Swiss company law at the date of this publication, which is not exhaustive and cannot be considered as legal or other advice. There are two types of companies in Poland: Limited liability company (pol. Spółka z ograniczoną odpowiedzialnością) and joint-stock company (pol. spółka akcyjna). Polish companies have characteristics that are characteristic of companies in other jurisdictions. Companies have legal personality. Shareholders are not responsible for the Company`s obligations.
Businesses are subject to corporate income tax (the property tax rate is 19%, the reduced rate for small businesses is 9%). In addition, shareholders are subject to dividend tax (19% tax rate). An independent entity with legal personality and is the most common legal form in Poland. For entrepreneurs planning for greater or higher risk, choosing a company, such as a limited liability company, is usually much more advantageous than the community. The structure of a limited liability company can leave no doubt that you are liable for the company`s debts with personal assets. A partnership established on the basis of civil law. It is not a company, but the partners are entrepreneurs.