How to open a business in Poland?

01.02.2019 172

In this article, we will consider the procedure for registering the most common and optimal organizational and legal form of activity in Poland – Spółka z ograniczoną odpowiedzialnością, abbreviated as Sp. z o.o. In Ukrainian legislation, a similar organizational and legal form is a Limited Liability Company.

First of all, it is necessary to determine what exactly your company (firm) will be engaged in, and taking this into account, select the types of activities. There is no legal basis that would limit the number of types of activities. The Polish Classification of Activities (PKD) is an approved list of types of activities that entrepreneurs can engage in in Poland. According to current legislation, an entrepreneur has about 400 codes of types of activities to choose from. Of course, you do not need to know all the codes, and there is no need to search for their entire list. The work of selecting types of activities should be entrusted to lawyers who will accurately and correctly select the type of activity that your company will be engaged in.

Further, the name is the first thing that customers and partners will learn about your company, and a simple and original name will be the best advertisement for it. Therefore, careful selection of a company name should not be neglected. The company name should sound clear, easy, should not be too long and should evoke positive associations. The company name process is certainly creative, but you should consider whether the company name you have determined does not coincide with the name of an already existing registered and operating company and distinguishes your company from other companies in the same market. To do this, you should check whether the planned company name coincides with those already registered, and in case of a coincidence, the company registration will not be possible.

Therefore, you should decide who will be the co-founder of the company with you. The founder of the company can be either one person or more people. However, it should be noted that the minimum authorized capital of Sp. z o.o. must be at least 5,000 PLN. Also, if you decide to be a sole founder, then you will be required to pay ZUS – social insurance contributions.

The next steps already concern the formal certification of the company’s existence. It is necessary to certify your will to establish Sp. z o. o. with a notary in Poland. Akt zawłożyciątski spolki – or statutes, must meet the requirements established by Polish law. It should be noted that the cost of certifying the statutes with a notary depends on the amount of authorized capital and the number of founders.

All that remains is to submit the certified statutes and the necessary correctly completed registration applications and pay the registration fee, which is PLN 600. The documents are submitted to the relevant economic department of the National Court Register – wydział gospodarski Krajowego Rejestru Sądowego (KRS), at the location of the company.

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