Main Characteristics of a Polish Company:
General background – Poland is the sixth biggest economy in Europe and is one of the only countries in Europe that has had increased financial stability in recent years. For many years now Poland has been a destination for many institutional investments and major European projects, incorporating a company in Poland may be an excellent gateway into Poland and into Europe. Poland has been part of the European Union since 2004 and is signed on 85 international tax treaties. Non-Polish residents can do business in Poland and are permitted to a limited partnership, limited liability companies and joint stock companies.
Tax – tax on Polish companies is set according to the company’s financial statements which are submitted to the tax authorities at the end of every year. A Polish company that is considered local is obligated to pay 19% on tax.
Shareholders – one shareholder is permitted, an individual or corporate, does not have to be a Polish resident.
Directors – must have at least one director, an individual, does not have to be a local resident. Must be a person.
Financial Statements – a company is obligated to submit financial statements.
Confidentiality – all the information regarding the beneficial owners is publicly registered.
Poland is situated in central Europe and is an ideal location as it borders Germany, Czechoslovakia, Slovakia, Ukraine, Belarus, Lithuania and Northern Russia. Poland, the sixth largest country in the European Union in terms of population, is a great market for merchandise and services as its ideal location has made Poland a European financial centre.
The Polish tax system has 12 types of tax:
Nine Types of Direct Tax:
- Company tax (CIT)
- Personal tax (PIT)
- Citizen business tax
- Ground tax
- Transport tax
- Inheritance and donation tax
- Agricultural tax
- Forestry tax
- Animal tax
Three Types of Indirect Tax:
- Merchandise and service tax
- Gambling tax
GBO International Financial Services Ltd offers you our vast experience in assisting with incorporating companies in Poland. You are welcome to contact us for a personal meeting with no obligation by phone: 03-510-4257 or by e-mail: [email protected] or via our online contact form.