Poland, which joined the EU in 2004, scores exceptionally well on helping investors to access the European market and reduce costs, making company formation Poland very popular.
A foreign resident has the right to form a company in Poland and manage it solely. Given a founder is an individual, we recommend registering an LLC with more than one founder to optimize taxes. With an LLC, social contributions can be reduced to 250 EUR per month (1000 zł). The share of the second founder can be as low as 1%. However, if a founder is a legal entity, social contributions should remain as they are.
Forming a company doesn’t require a residence permit or references. A valid passport is enough. Foreign citizens can own a Polish LLC and manage it as directors (a Board of Directors) without the participation of Polish citizens. Registration takes from 3 to 20 business days, depending on the method of registration. Online registration goes faster comparing to a notarial one (up to 8 days). According to the law, once a company is formed, the information is published in “Forensic Economic News”.
We recommend determining the maximum number of business activities before the company incorporation. There can be up to 9 main activities. The liabilities are limited to the amount of the Share Capital. The required minimum share capital is 5,000 PLN (currently 1,250 EUR). Upon registering the company, 0.5% of authorized share capital must be paid. The rest should be paid during the year.