Set up the Company - 1 months P. Z.O.O. – Limited Liability Company.
Requirements to setup LTD company:
✅ Minimum one director✅ Share capital - 5 thousand LPN (about 1 200 EUR)
✅ Cost of participation - at least 50 LPN
✅ Registering with the KRS court register for assignment of legal status
✅ Obtaining TIN, which is issued once upon registration
✅ To use other forms of tangible or intangible assets as share capital, you will need to draw up an agreement and notarize it with a Polish notary
✅ No share money deposit is necessary if the amount of the share capital does not exceed 50 thousand LPN. If the share capital has been deposited in the company’s account or if you plan to change its size in the future, then it will be subject to the PCC tax at a rate of 0.02%.
Documents required to register a company:
✅ Registration certificate✅ Photocopies of shareholders’ passports
✅ Name in the Register
✅ Bank statement
💶 Taxation: VAT – 23% (refund within 2 months from the date of submission of the financial declaration); Exit tax – 19%, Tax on capital and other sources of income, including royalties and license fees – 19% (paid separately); Property tax – 0.035%
🏦 Corporate Bank Account - 4 weeks
🤝 Residency - Working Visa - 1 month
Requirements:
✅ 1 year employment contract✅ Min salary 1,500 Euro
✅ Accommodation *rent contract & Bills
Documents:
✅ Working Contract
✅ Diploma
✅ Rent Contract
🏦 Personal Bank account - 2 weeks
Requirements:
✅ Legal Status in Poland - Residency✅ Accommodation
Documents:
✅ Residency & Passport✅ Rent agreement + Bills
🏦 Additional Expenses:
- Approximate accommodation budget 650 - 1,000 Euro per month payable directly to a landlord + utility bills.
- Approximate cost of doing business in Poland:
✅ Office space per month - > 500 Euro
✅ Annual audit & tax filing - 1,200 Euro