Setting up a business in Poland from €2500 + VAT (all inclusive!)
Why start a business in Poland?
The largest parts of the Polish economy are wholesale and retail trade, transport, accommodation and food services, and industry. Most importantly, Poland is actively involved in trade with other EU countries: up to 80% of Polish exports go to EU countries (mainly Germany, the Czech Republic, France) and up to 69% of incoming imports come from the EU (Germany, the Netherlands, Italy).
However, there are ways to avoid this and one of the ideas widely discussed is to set up a company in Poland. In such a case, vehicles would have crossed the German-Polish border in the country where the vehicles are registered. Drivers who have rested and refuelled would be able to continue their successful journeys to Western European countries without losing time to return to their country of origin.
In the business world, Poland is known for its stable economy and steady growth.
Thanks to its location and favourable cooperation with neighbouring countries, Poland can also be attractive for Estonian businesses. With the entry into force of the mobility package, which has been the subject of debate in the European Parliament and is aimed at improving the situation of long-distance drivers, Estonian hauliers would have to comply with an important requirement: to return goods to the country of registration every four weeks. This could create difficulties for countries on the EU’s borders.
How to set up a company in Poland?
Registering a company in Poland is more convenient than ever – after choosing us, clients are offered services remotely, professionals send all the documents. The registration itself usually takes 1 to 2 months.
A prospective entrepreneur wishing to set up a company in Poland must provide a copy of the passport of each shareholder or director and proof of address. In order to ensure the smoothest possible cooperation between the contact person and the company formation client, a notarised copy of your passport, address, telephone number and e-mail address are also required – we will also take care of the notary for you.
The most popular legal form is the LLC, known in Polish as Spółka z ograniczoną odpowiedzialnością (SP ZOO). It is ideal for small and medium-sized enterprises, can have one or more shareholders and must have a minimum share capital of at least PLN 5,000.
Setting up a company in Poland involves several types of taxes:
SP ZOO’s profits are subject to corporate tax at a rate of 9% (turnover up to €1.2 million per year).
SP ZOO’s profits are subject to 19% corporate tax (if turnover exceeds €1.2 million per year).
VAT 23% (exemption 8% (health care, etc.) and 5% on foodstuffs).
LCPC aims to provide you and your business with high quality assistance. Setting up a company is one of the first steps in building your business, and we will help you along the way!
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