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Business in Poland?

Figure it out!

FORM OF ACTIVITY

Choice of the best vehicle for a business depends on type and scope of planned activity.
Different selection is available depending on the origin of an entrepreneur.

FORM OF ACTIVITY

All forms of activity are available for EU&EEA citizens and permanent residents:

  • individual registered business activity,
  • civil partnership,
  • all types of partnerships,
  • limited liability or joint stock company
FORM OF ACTIVITY

Entrepreneurs from non-EU countries:

  • limited partnership,
  • limited joint stock partnership
  • limited liability company
  • joint stock company
  • branch or representative office
REGISTRATION

Registration in National Court Registry:

  • partnerships: registered , professional, limited, limited joint stock;
  • companies: limited liability, joint stock;
  • branch offices of foreign businesses
REGISTRATION

Registration in Central Registry and Information on Business Activity:

  • individual business activity
  • partners to civil partnerships
REGISTRATION

Minister of Economy runs a Registry of Representative Offices of Foreign Businesses.

Representative office can only advertise and promote a foreign business – unlike a branch office, it cannot conduct business activity.

OTHER START-UP PROCEDURES
  • obtaining a REGON number from the Statistical Office
  • registration at the competent tax authority:
    • taxpayers identification number – NIP
    • VAT payer status, if applicable
  • opening a bank account
TAXATION METHODS

PIT
individual businesses and partnerships

18%/32%
progressive rate 		19%
flat rate 		3% — 20% flat rates
on gross receipt
TAXATION METHODS

CIT
companies

19%
flat rate
on company’s income 		19%
on dividends
OBLIGATIONS
  • tax settlements:
    • monthly advance payments for income tax
    • yearly income tax settlements and returns
    • VAT monthly settlements and returns
  • social security monthly contributions
  • bookkeeping:
    • full or simplified depending on the form of activity
    • financial statement or stocktaking at the end of year
OPTIMISATION OPPORTUNITIES

International businesses can be structured to optimise tax burdens. It can be achieved for instance by benefiting from:

  • tax favourable jurisdictions (Cyprus, Luxemburg etc.)
  • exemptions offered by the EU regulations
TAX CONTROL

Tax settlements and books can be controlled by the tax authorities during over 5 years. It can result in interest and penalties.

Make sure your taxes have been calculated properly!

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