Statistically, Limited Liability Company (spółka z ograniczoną odpowiedzialnością) is the most popular type of a commercial company. The provisions of Polish Commercial Companies Code permit a natural person to be a single member of an LLC. Incorporating such an entity seems to be a profitable arrangement. Can it be considered profitable in reality?
read moreThe Polish Limited Liability Company (in Polish: spółka z ograniczoną odpowiedzialnością; sp. z o.o.) is the most common form of establishing a company in Poland. The LLC is frequently chosen by small entrepreneurs as well as by large international groups, both Polish and foreigners.
read moreForeigners who are temporary or permanent residents of Poland often reach out to us with questions concerning freedom of setting out a business in Poland (in a form of a company, a partnership or a sole tradership). Our most frequent response is typical for a lawyer – that the answer to this question depends on specific situation.
Citizenship of a foreigner is the essential point in determining whether and in which form a they can carry out a business in Poland.
Central Register of Beneficial Owners (CRBO) is an electronic register made in order to gather data concerning natural persons who are ultimate beneficial owners of a company or a partnership. Its main purpose is to deter money loundering and financing terrorism. In order to gain access to the register or to apply for the register, you have to visit the website: https://crbr.podatki.gov.pl/adcrbr/#/.
read moreSimplified joint-stock company (prosta spółka akcyjna) is a new type of a Polish company which will start to operate after 1st July 2021, among limited liability company (spółka z o.o.) and joint-stock company (spółka akcyjna). In theory, simplified joint-stock company was created for young businesses and start-ups.
read moreIn the context of companies and partnerships, phrase “commercial proxy” is commonly present. You can expect that such a commercial proxy is a major figure from the sole fact that companies and partnerships disclose such commercial proxy in National Court Registry. So what exactly is a commercial proxy?
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