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Company registration in Poland
As one of Central Europe’s most populated countries, Poland offers countless opportunities to foreign investors looking to tap into the country’s growing economy. One of the many advantages of expanding your business here is a large consumer market, owing to the country’s 39 million inhabitants. So it is the right time for company registration in Poland.
Poland, with one of the fastest growing economies in the EU, is growing twice as fast as countries in Western Europe. In fact, the country has the sixth largest economy in the EU, boasting lucrative service and industrial sectors. The country enjoys several sources of energy, both renewable and non-renewable, and has massive deposits of natural resources and minerals. Lead, copper, and zinc are just some of the metals in abundance in the Polish crust.
Apart from the metals and mining industries, other investment opportunities worth considering are information technology, aviation, the mechanical industry, and engineering. Poland’s highly skilled, cheap workforce is waiting to be employed by foreign investors who are considering setting up a lucrative business opportunity in the country.
With a great network of rails, airports, and roads, exporting from Poland to the EU and the rest of the world is both easy and convenient. Work with CompyCo to simplify the process of setting up a company in Poland and enjoying the business perks that await you here.
Forms Of Companies In Poland
- Sp. z o.o. “spółka z ograniczoną odpowiedzialnością”—limited liability company
- S.A “spółka akcyjna”—joint stock company
- SP.J “spółka jawna”—general partnership
- SP.K “spółka komandytowa”—limited partnership
- Sole proprietor “jednoosobowa działalność gospodarcza”
SP Z.O.O—the most common company form in Poland
Choosing the ideal company form for your business is the first step to company set up in Poland.
Most entrepreneurs choose to establish an SP Z.O.O., which is a Limited liability form in Poland. The minimum capital deposit required by the government is 5,000 PLN and it needs to be paid in full before the company has been formed in the National Court Register (KRS). However alternative to company registration in Poland is purchase of the shelf company in which case the share capital has already been paid.
It’s important to factor in fees for notary services required to form a Polish LTD as a foreign investor.
There is an option to purchase a shelf company in Poland which is a somewhat faster process. There is a purchase in place instead of setting up a company from scratch.
Fundamentals Of A Limited Liability Company
Corporate Tax in Poland | VAT in Poland |
|---|---|
19% and 9% for startups | 23% |
Fundamentals of limited liability companies in Poland
| Limited liability company | sp. z o.o. |
| Minimum Share capital | 5000 PLN (1200 EUR) |
| Registered office required | Yes |
| Physical office required | No |
| Min. number of Shareholders | 1 |
| Min. number of Directors | 1 |
| Local Director required | No |
| Other requirements | No |
| Bank signatory must travel | Yes |
| Timescale for company formation | 7 days |
| Timescale for bank account opening | 14 day |
| Timescale for obtaining VAT number | can take 3 months |
| Statutory audit requirements | In some cases |
| Shelf companies available | Yes |
How can I set up my company in Poland?
In Poland, you can either purchase a ready-made shelf company or register a new company online through the simplified remote process.
The new remote process has many advantages: it is simpler, faster (3–5 days), and does not involve a notary in Poland. For foreign shareholders, the key step is obtaining a PESEL number and creating a Polish Trusted Profile, which serves as your electronic signature. CompyCo coordinates this process remotely and guides you through the activation at a Polish consulate or embassy. Once confirmed, your Trusted Profile allows us to proceed with company formation online.
Our team of experts will:
• Collect the necessary documents and information from you.
• Guide you in choosing the most suitable company type for your activities.
• Coordinate with local professionals to prepare and file all incorporation documents.
• Assist with setting up a corporate bank account – which may require in-person identification depending on the bank, though some remote options are available.
• Ensure your company is registered with the Polish Tax Authority and all relevant institutions.
While setting up a company abroad can feel daunting, CompyCo makes the process straightforward by working closely with trusted local professionals in Poland. From initial legal consultations to registration and banking, we simplify every step so you can focus on your business goals.
More about Company Set Up In Poland
Poland offers excellent opportunities for foreign investors, with a competitive economy, favorable business climate, and a relatively straightforward process for setting up a company.
With CompyCo’s extensive network of professionals in the country, you gain access to deep local knowledge and insights that help you make the right choices. We guide non-resident investors through every step, ensuring compliance with Poland’s laws and regulations while protecting your interests along the way.
In many cases, you may be able to establish a company in Poland without traveling. By appointing our representatives under Power of Attorney, we can handle key steps such as obtaining licenses, completing company formation, and even opening a bank account on your behalf.
However, the possibility of remote setup depends on factors such as your country of origin, the financial institutions you choose, and the type of company being formed. CompyCo will advise you on the best path forward and manage all necessary steps.
If you’d like to know the exact process, requirements, and costs for your case, contact us for a consultation — we’ll provide you with a clear and tailored offer within 24 hours.
Bank Account Opening For Company Set Up In Poland
Regardless of the company type, having a corporate bank account in Poland is an important step for smooth business operations. Poland allows non-residents to open accounts in all convertible currencies, provided certain requirements are met.
The country hosts many international banks alongside large private and state-owned institutions. Through CompyCo’s network of trusted banking partners, you gain access to a wide range of options. The first step is gaining approval from the bank, which depends on your country of origin, business activities, and the documentation you provide.
Our team assists foreign investors by coordinating with banks, guiding them in preparing the required documents, and providing support in cases where travel is not possible. While some banks may allow accounts to be opened remotely, many still require the business owner’s physical presence to present documents and sign papers.
Need advising about opening a bank account? Head over here.
Accounting & Taxation
Here are a few accounting and taxation obligations to take into consideration during company set up in Poland:
- The tax year is the calendar year in Poland.
- The only tax levied on corporate income is called CIT and has a rate of 19%. However, smaller taxpayers with revenues of up to 1.2 EUR and companies commencing business activity after 2019 are taxed a rate of 19%, one of the lowest in the EU.
- Profits you earn through trading, sale of assets above their original cost, and investments are liable for taxation.
- All businesses are required to maintain accounting books.
- Poland companies are issued VAT numbers with the format of the country code PL followed by a 9-digit number which ends with a letter.
- In Poland, the current VAT rate is 23% on most goods and services. Exceptions apply depending on the type of goods or services traded.
How can you employ staff in Poland?
Complying with Poland’s employment requirements is essential for successfully hiring and retaining staff. In many cases, foreign companies can employ directly without full company registration by registering as a foreign employer.
This process can be complex, which is why CompyCo coordinates with experienced HR professionals in Poland to guide you through the legal requirements. Our role is to ensure you gain access to reliable solutions for hiring top talent while staying compliant.
Poland offers a cost-effective, highly skilled workforce with strong technical expertise. Through our international HR network, we assist with recruitment, payroll, employment agreements, and obtaining work permits. We also help you assess whether employing staff as a foreign employer is a suitable alternative to company registration.
Among the services coordinated through our partners are drafting compliant employment agreements, handling payroll processes, recruiting new employees, and ensuring local regulatory obligations are met.
Learn how to quickly and effectively start employing staff in Poland by consulting our comprehensive guide.
Have any questions? Take a look at our HR services page for more information about our International HR services!