When incorporating, you must look at the law in the country, in Poland is civil law law. You will want to get some local advice as to how to best structure a company in Poland. One is permitted to electronically sign documents.
The country code PL is for Poland and the most common company structure in Poland is a LLC .
It typically takes about 4 Weeks to setup a LLC in PL. The types of cash you can use to setup your company is frequently PLN and any legal tender.
Yes, one is allowed to re-domicile a LLC from PL. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Poland as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is tolerated, up to 100% of the ownership of the legal entity.
There is a requirement to have at least 2 directors. Consequently, corporate directors are permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an address which can receive litigation or other legal process on behalf of the business. However, a company secretary is not a requirement.
There is an On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Poland Civil Law is 5,000.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Poland, Ministry of Justice - National Court Register. Shareholders are disclosed in the Ministry of Justice - National Court Register.
Typically companies take 4 weeks to setup and there are 2 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Poland is a ok option and have given it a score of 63 as an IO score, using the Incorporations.IO proprietary formula.
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