How to Start a Business in Poland
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Loading... - Aaretti Timoteus
- 25 Feb 2025
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Many foreigners living in Poland aspire to start their own business in this country. As a long-standing member of the EU, Poland offers entrepreneurs broad prospects for running their businesses. Opening a company in Poland is accessible to almost any foreigner and can be accomplished in a relatively short time. Here’s a detailed guide on how to open a company in Poland and the necessary steps involved.
If you have decided to start a business in Poland, the first thing you need to do is study the Polish market. This information will help you choose the direction of your business, determine the field in which your newly opened company will operate, and decide on the type of services you will provide.
To start a business in Poland, you need to prepare certain documents and go through the company registration process. Foreign entrepreneurs must meet specific requirements: they must be of legal age and possess a valid passport, which should be valid for at least 18 months from the date of submitting the documents for company registration.
Steps to Follow:
1. Choosing the Legal Form of the Business
The most popular business structure for foreign investors is a limited liability company (Sp. z o.o.), which offers protection for owners from liability while maintaining a relatively simple and flexible management structure. Other options include sole proprietorship or partnership, but these structures may not be suitable for all types of businesses. Your business model should consider the product you are creating, how it will be sold, how you will handle customers, cash flow, and documentation.
2. Company Name
Once you have decided on the business structure, the next step is to choose a company name. The name must be unique and not similar to any other registered company in Poland. You can check the availability of the name in the National Court Register (Krajowy Rejestr Sądowy) or through an online company registration service.
3. Company Registration
The next step is to register the company with the relevant authorities in Poland. You will need to gather and submit the required documents, including:
- The company’s articles of association
- Information about the legal address
- Details of shareholders and their shares
- The amount of share capital
You can register the company through the online S24 system or via a notary.
4. Obtaining Licenses and Permits
Depending on the nature of your business, you may need to obtain additional permits and licenses from the relevant authorities. It is advisable to consult with business advisory services in Poland to ensure that you have all the necessary documents.
5. Registration with the Tax Office and Social Security
All companies in Poland must register for tax and social security purposes with the relevant authorities. You will need to obtain a tax identification number (NIP) and register with the social security system. You may also need to register for VAT if your business meets certain criteria.
6. Opening a Business Bank Account
After completing all the procedures, you will need to open a bank account for your company. This is necessary for running the business and managing finances. You can choose from several banks in Poland, and consulting with your business advisor can help you select the most suitable bank for your needs.
Advantages of Starting a Business in Poland
- EU Membership: Access to the single European market and the ability to trade with 27 other countries without additional barriers.
- Obtaining Business Visas: Founders of the business and their family members can obtain business visas.
- Tax Benefits: Poland offers tax incentives for small and medium-sized enterprises, including low corporate tax rates and opportunities for tax deductions.
- Access to Financing: Numerous grants and subsidies are available in Poland to support entrepreneurs, especially in innovative industries.
- Skilled Workforce: The country has a large pool of highly qualified specialists willing to work for competitive salaries.
- Infrastructure: Poland has a well-developed transport and business infrastructure, facilitating logistics and efficient business management.
- Attractive Business Climate: Ongoing reforms aimed at simplifying business operations and reducing bureaucracy.
This guide provides a comprehensive overview of the steps and benefits of starting a business in Poland. If you have further questions or need assistance, feel free to reach out to business consultants or legal advisors in Poland. With the right preparation and support, you can successfully launch and grow your business in this vibrant market.
