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What is the most popular form of company established by foreigners in Poland?

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Limited liability company – best way to start your business in Poland.

The most popular form of company established by foreigners in Poland is LLC – Limited Liability Company (sp. z o.o.)

Main features of a Polish limited liability company (sp. z o.o.) are:

 

• the most suitable format for small and medium sized companies

• minimum share capital is 5000 PLN (around €1200), to be fully paid up

• LLC is a legal entity

• may be established for any purpose allowed by law (including conducting a business) unless other is provided by acts

• minimum number of directors is one

• no restrictions on foreign shareholders

• books of accounts to be prepared in PL language and according to Polish law, has to prepare monthly VAT returns, payroll documentation, annual financial statement and annual CIT declarations

• taxation – CIT (Corporate Income Tax) and VAT

 

More information about LLC in Poland