Explore our comprehensive guide on opening a company in Poland as a foreigner. Learn the steps, requirements, and key insights for a successful business.
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Step-by-step instructions on how can a foreigner open a company in Poland
First step should be the right choice of the company type and company naming. From the Fintech Harbor side, we highly recommend consider the LLC form (spółka z ograniczona odpowiedzialnością or z.o.o.). Approximately, more than 90% percent of founders stop their choice on this type of company formation.
Next, the Director of the future newly created company must comply with the current Polish legislature. It is necessary to obtain a special non-criminal record and other official statements from the Polish Governmental Authorities. It’s just a formal requirement, but such formality can create an obstacle for your incorporation process. So, we take care of everything if it comes to any paperwork.
After, each founder should obtain a special type of electronic digital signature (podpis kwalifikowany) that allows them to register a company in Poland remotely despite their place of residence. We also can assist our clients in this case and provide them with all the necessary instructions and advice.
Later, our representatives register a company for foreigners in Poland and prepare all necessary documents. The mentioned set will include Article of Associations (AoA), registration of the new company into Polish Companies House (KRS) and entering into the special tax registers (depending on the newly created company activity and the clients request).
What about taxation and administrative Fees?
If we talk about taxes for a Polish LLC company, each legal entity must be taxed by Corporate Income Tax (CIT). CIT is calculated on the income. This type of tax will be based on 9% of CIT for profit up to 2 mln EUR and 19% of CIT for profit above 2 mln EUR.
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VAT rates in Poland
The Polish law system set up the rate of VAT tax depending on the business activities of the legal entity. So, there are next VAT rates: 23%, 8%, 5%, 0%.
- 23% – the standard rate for a lot of types of services.
- 8% is applied If it comes to pharmaceuticals, certain transport services.
- 5% reduced rate can be applied in case of unprocessed food or books and journals.
- 0% is an exemption provided by the Polish VAT Act. The mentioned rate can be used in case of export of goods to the countries located outside the EU zone.
