Poland is a country that is familiar with important changes and constant progress. The country managed to take the necessary steps to recover after the communist regime and nowadays has one of the largest markets in Europe and valuable economic potential. Entrepreneurs who want to open a company in Poland can choose the appropriate business form based on their needs. Moreover, businessmen who need Montenegro or Slovenia. is a country that is familiar with important changes and constant progress. The country managed to take the necessary steps to recover after the communist regime and nowadays has one of the largest markets in Europe and valuable economic potential. Entrepreneurs who want tocan choose thebased on their needs. Moreover, businessmen who need legal services in Denmark or company incorporation services can receive assistance from our Danish partners . We also have partners in other countries, such as Norway,or

Our team of company formation lawyers in Poland ca assist all investors, local and foreign, who are looking to start a business and need to follow the general requirements for company formation, as laid out in the Company Law. The first choice when starting a company in Poland is to decide which type of legal entity will be incorporated. Investors in Poland can choose between several business forms, each of them according to the size of the business, the value of the investment, the number of founders and other criteria.

companies and partnerships in Poland or foreign companies who want to open offices here. Before incorporation, it is useful to understand the differences between each business type and our Polish law firm can offer you detailed information aboutor branches and subsidiaries forwho want to open offices here.

Types of companies in Poland

Polish limited liability company is incorporated by at least one member and requires a minimum share capital of 5000 PLN. This form of business is popular due to the liability of its members, the accessible share capital and that fact that it can start concluding contracts of performing other commercial actions in a short amount of time. It is compulsory for the name of the company to be followed by the termination “Sp. z.o.o.” - the short form of the company name. A limited liability company in Poland must have a management board consisting of at least one person. Foreign directors are not conditioned as there are no residency requirements for those who activate on the management board of a company. In some cases, non-EU board members may require a work permit in Poland to be able to perform this function. The supervisory board (made up of at least three individuals) is compulsory when the company has an initial capital of more than 500,000 PLN and more than 25 shareholders. Theis incorporated by at least one member and requires aof 5000 PLN. This form of business is popular due to the liability of its members, the accessible share capital and that fact that it can start concluding contracts of performing other commercial actions in a short amount of time. It is compulsory for theto be followed by the termination “” - the short form of the company name. A limited liability company in Poland must have a management board consisting of at least one person. Foreign directors are not conditioned as there are no residency requirements for those who activate on the management board of a company. In some cases, non-EU board members may require a work permit in Poland to be able to perform this function. The supervisory board (made up of at least three individuals) is compulsory when the company has an initial capital of more than 500,000 PLN and more than 25 shareholders.

As far as the management of a Polish LLC is concerned, the corporate bodies are the management board and the shareholder’s meetings for which a simple majority of 75% suffices in order to pass resolutions. Major corporate decisions are taken with a 75% or a two-thirds majority. Employees can only have a say in corporate decisions if they are shareholders. In case you are interested in starting a business in another jurisdiction, for example setting up a company in the Netherlands , we can put you in contact with our partners.

Polish joint stock company is generally preferred by large businesses and can have one or more founders. The minimum share capital for this type of company is 100,000 PLN, out of which 25% must be paid up at the time of the incorporation. When the contributions to the capital are also made in kind, they must be paid in full no later than one year after the incorporation of the legal entity. AN important consideration for this type of business is that it can be listed on the Stock Exchange and the minimum nominal value of each share must be 0.01 PLN. The management bodies of a Theis generally preferred by large businesses and can have one or more founders. Thefor this type of company is 100,000 PLN, out of which 25% must be paid up at the time of the incorporation. When the contributions to the capital are also made in kind, they must be paid in full no later than one year after the incorporation of the legal entity. AN important consideration for this type of business is that it can be listed on the Stock Exchange and the minimum nominal value of each share must be 0.01 PLN. The management bodies of a Polish joint stock company are the management board, the shareholder’s meeting and the supervisory board. The management board is to, be composed of at least one individual and, like in the case of the LLC, there are no residency requirements. In some business fields, there are special requirements that the management board members are Polish speakers. This applies in the case of registered banks in the country for which at least two members of the board, out of which one is the chairman, must have sufficient knowledge of the Polish language for adequate working purposes.

As far as the management of a joint stock is concerned, a majority of 50% is needed to approve the actions taken by the shareholder’s meetings and 75% for important decisions like amendments to the articles of association, capital increase or decrease and mergers and acquisitions in Poland. The supervisory board is the one that constantly supervises the joint stock.

The types of partnerships that can be formed in Poland are: the general partnership, the limited partnership, the limited liability partnership and the limited joint stock partnership.

The general partnership has no legal personality and is preferred by small businesses as it does not require a minimum capital for incorporation. It requires the presence of at least two entities or partners. The partners are fully liable for their obligations up to the full value of their assets. The limited partnership can be formed by at least two founders or between two different types of entities (a natural and a legal person). The limited partnership bears full liability for its actions. limited liability partnership can be set up only by individuals who have obtained the right to practice a freelance profession, like physicians, architects, limited joint stock partnership combines an active partner (the general partner) and a shareholder, or passive partner. The minimum share capital for this type pf partnership is 50,000 PLN. Thecan be set up only by individuals who have obtained the right to practice a freelance profession, like physicians, architects, lawyers or accountants . It does not have legal personality and does not require a minimum share capital. Thecombines an active partner (the general partner) and a shareholder, or passive partner. The minimum share capital for this type pf partnership is 50,000 PLN. The available business forms for foreign companies interested in expanding to the Polish market are the branch and the representative office. Our team of company formation lawyers in Poland can offer complete information to foreign investors who are considering these two business forms as they have important considerations in terms of liability for the parent company (for the branch) and trading limitations (for the representative office). It is recommended to explore suitable business options while understanding the advantages and disadvantages of each business type. attorneys in Poland can help you with additional information about each type of company or partnership in Poland. We can also help sole trader, a branch or subsidiary. Ourcan help you with additional information about each. We can also help foreign investors in Poland who choose to set up a

The steps for incorporating a company in Poland