Poland Limited Liability Company (sp. z o.o.)
- This entity requires a sole shareholder with a minimum share capital of € 1,200 (PLN5, 000) to a local bank account prior to the company’s registration. One director who can be a foreigner without residing in Poland.
- LLC companies in Poland are expected to submit annual financial statements. An audit is required if the assets exceed EUR 5 million or if the annual turnover exceeds EUR 2,5 million and the workforce is over 50.
Poland Joint Stock Company
- A minimum share capital of € 23,800 is required for the start-up of a joint stock business in Poland. At least 25% of the share capital must be paid out at the time of incorporation. It is required to have at least one shareholder and one director of any nationality.
- It is not necessary for the JSC to be listed on the stock exchange. However, in accordance with the country’s accounting conditions, it will be required to audit its annual financial statements on an annual basis.
Poland Free Zone Company (SEZ company)
- Minimum requirements include a minimum capital investment of € 100,000 and at least 250 new job creation. Foreigners may decide to register their business in one of the country’s special economic zones. The zones intend to offer support, export-oriented with abundant availability of attractive land with infrastructure for commercial purposes.
- In Poland, the participating companies benefit from tax exemption, regional aid for new investment, administrative support from the special economic zone in legal and organizational matters.
Poland Limited Joint Stock Partnership
- To create a joint stock partnership the registration is carried out by two types of partners which may be ‘Complimentary’ or ‘Joint Stock’ Partners. Complimentary partners are personally liable for the debts and losses incurred in the business. Joint stock partners are, however, only liable up to the amount of their specific contributions.
- Complimentary partners take part in day-to-day business management. They can, however, delegate this responsibility to a third party through the issuance of the power of attorney.
Poland Branch Office
- The company is obliged to appoint an agent within the country to act as its representative. The company must appoint a representative in Poland.
- Foreign headquarters are subject to unlimited liability for local branch operations and debt.
Representative Office (Przedstawicielelstwo)
- The representative office can only carry out activities to support the parent company’s business. This entity is not allowed to make any direct sales. It is mandatory to appoint a resident as a representative.