Two ways to open a limited liability company in Poland
You can set up a limited liability company in two ways: traditionally, in the form of a notarial act or via the Internet by an electronic signature. Foreigners most often decide on a limited liability company because it is a publicly available form and has relatively low share capital. Minimal capital of the company is PLN 5,000 (c.a. EUR 1,200) so it’s very easy to open the LLC.
The classic form, which requires the presence of a foreigner and a visit to a notary, takes place as follows:
- Preparation of the articles of association in the form of a notarial act- in the notary office. All shareholders must be present personally or be represented by proxy who has a notarized Power of Attorney.
- Submission of all documents to the Registry Court.
- If all required documents are correct, the court enters the company in the National Court Register. It usually takes about 7 days.
- Company registration in the National Court Register (KRS).
The second way – the Internet procedure is simply but all shareholders and members of the management board must have electronic signature. After signing the application, it takes about 1–2 working days to get the company entry in the register. Also remember that after the court registration you must fill additional documents to tax office and register the company as a VAT payer. Follow the steps:
- Signing and submitting documents online and registering the company
- Submission of other documents to the Registry Court, Tax Office, Statistical Office and ZUS (optional)
The second option is more convenient for foreigners because they can do all the procedure online. This method is also faster and simpler. First, a company can be formed without leaving home, using only the Internet. The advantage of the procedure is also the short time limit for the application to be considered by the registration court.
Establishing a limited liability company via Internet mode is easier and consists in electronically completing the form, which is then transformed into a partnership agreement.
Then, the documents created in this way are sent to the registry court competent for the registered office of the company.