The development of the domestic defense industry and the growing needs of the Polish Armed Forces and law enforcement agencies are driving increasing interest from private enterprises — including SMEs […]
Registering a car abroad in the EU – How to cut taxes and deduct full VAT
Registering a vehicle in the European Union can lead to significantly different tax and legal implications depending on the country. For businesses and individuals purchasing high-value vehicles—especially those with engines […]
Poland on the Business Wave: Europe Discovers a New Investment Hub
Poland is emerging as a leading business hub in Europe, attracting investors with its dynamic economic growth, favorable tax policies, and modern financial infrastructure. With a business-friendly regulatory environment and […]
CIT in Poland for Limited Liability Companies, Including Those Managed by Foreigners
Corporate income tax (CIT) in Poland is one of the key tax obligations for capital companies, including limited liability companies (sp. z o.o.). It is especially important for entrepreneurs, both […]
VASP license in Poland: requirements and procedures
In Poland, Virtual Asset Service Providers (VASPs) are required to obtain a license from the financial authorities (FA) in order to operate legally. The requirements and procedures for obtaining a […]
Establishing a company in Poland by foreigners
Poland is always open to providing opportunities for development, business creation and introduction ideas created in non-Poles’ heads to the Polish market. Below, we are going to discuss topics related […]
How can a foreigner open a company in Poland?
In accordance with Polish law, in principle, a foreigner is allowed to perform a business activity in the form of limited liability company. Moreover, there are also no restrictions in reference to the possibility of foreigners sitting in the bodies of the company in question.
In the further part of the article, I show the ways to establish the limited liability company in Poland and what you need to pay attention to when establishing this type of company.
Why is it worth to set up a company in Poland?
Poland is the country located in the heart of Europe. The business climate, as well as the economic competitiveness, have been improving over the years and now the country has a successful economy and a large internal market (38 million citizens). It is worth noting that Poland has one of the lowest CIT rates in the European Union. What’s more it offers access to the skilled labor force as well as attractive conditions for doing business.
Benefits for investors
Corporate income tax in only 9% in Poland, which is really attractive to the entrepreneurs. This applies to the companies with revenue up to 1.2 million euros. The rate also includes entities in their first year of operation. In fact, 9% tax rate can apply to the entities with revenue higher than 1.2 million euros, with the more complicated corporate structure build on the limited partnership. It is also worth mentioning that companies are not obligated to pay divided tax. The taxation is on the receiver. Fiscal obligations do not distinguish between local firms and those owned by foreign persons, however international taxpayers can benefit from tax reliefs should they be subject to double taxation treaties (signed with more than 80 countries). There are also other fiscal reliefs for companies conducting ex. research activity.
Why you should register your company in Poland?
Looking for a good place for your business in UE?
🇵🇱 Pay attention to Poland, which offers many opportunities for setting up new businesses. One of the lowest corporate income tax rates, well-developed banking system and large market for the products. If you’re interested in hearing some more, see my newest episode. All you need to know in just 3 minutes!
Polish “anti-crisis shield” – basic information
The President and the Prime Minister of Poland have announced a package of support measures for entrepreneurs called the Anti-Crisis Shield. We present the most important solutions for entrepreneurs below:
Exemption from Social Insurance Institution (ZUS)
A payer may apply for exemption from ZUS contributions (social security) in case where the two following conditions are met jointly:
the payer was registered with ZUS before February 1, 2020;
the payer, who submitted less than 10 insured persons on the date of February 29, 2020.
Taking the above into account, the payer is entitled to apply for dismissal for the period from March 1, 2020 to May 31, 2020. Additionally, in order to be granted the exemption from ZUS contributions, settlement statements or personal monthly reports due for March, April and May 2020 must be submitted not later than by 30 June 2020.