Poland has the most stable growth in the Eurozone. Joining the European Union in 2004 helped to boost economic growth, with Poland enjoying an average yearly growth of 4% ever since. Labour and rental costs are lower than in Western Europe. There is also a good education system and big domestic market. All of this means that Poland offers big opportunities for global investors.
The opportunities:
- Stable and growing economy
- Big market
- Access to educated talent at low cost
- Infrastructrure
Setting up a business in Poland
TMF Group is your trusted partner to help you to set up a new business in Poland.
Corporate secretarial services: We manage the legal set-up of new operations and then help you stay compliant, manage your risk and stay on the right side of Polish regulators and filing requirements.
Ready-made shelf companies: We can provide you with a ready-made company that will make your expansion into Poland faster and easier. Our set-up includes a registered address, registration with Poland’s authorities, a bank address and the establishment of company’s management board.
Accounting and tax: We take care of Polish tax registrations, bookkeeping, consolidation, and statutory accounts preparation and filing. We can also prepare corporate management reporting as required by Polish or international accounting standards.
HR and payroll: We provide services for companies of any size by applying and implementing international policies in employment contracts and handbooks, and paying your staff in compliance with local law.
Once registered, we can offer you a flexible and tailored solution to assist you with local back office operations, ongoing accounting, tax, payroll and statutory compliance and filing obligations, as well as your management reporting requirements.
The most common types of business entities when entering the Polish market are:
- Limited Liability Company (Spó?ka z ograniczon? odpowiedzialno?ci?, sp. z.o.o.)
- Joint-Stock Company (Spó?ka akcyjna, S.A.)
- Branch office (Oddzia?)
- Representative Office (Przedstawicielstwo)
- Limited Partnership (Spó?ka komandytowa)
- Limited Joint-Stock Partnership (Spó?ka komandytowo-akcyjna)
- Registered Partnership (Spó?ka jawna)
- Professional Partnership (Spó?ka partnerska)
Several legal documents are required in order to form a company, such as a trading licence, a registered office, a bank account, and several documents related to the shareholders and the company executives or representatives.
Subsequently, the newly incorporated company needs to register with the tax office and, in the case that it has employees, with the social and health insurance bodies.
Are you planning to expand into Poland? Make an enquiry!