The Spółka akcyjna is often the legal form of company chosen by large businesses but it can also be used, as the shares in this type of company can be bearer shares and are therefore more easily transferable.
Timeline
The period of registration of the Spółka akcyjna Company in Poland is approximately 4 weeks. It is consisting of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
Setting up an SA entails certain costs, including:
notary fees;
the cost of publication in the Trade and Companies Register (Registre de commerce et des sociétés – RCS);
statutory auditor fees, if a statutory auditor is required;
a share capital contribution of at least EUR 23500;
any costs related to the issuance of administrative permits.
Compulsory regulation
100,000 Polish zlotys (about 23,500 euros). At least 25% of the authorized capital must be deposited into a bank account in a Polish bank before registering the company.
There is a special duty of 0.5% of the share capital, which must be paid by the newly formed company within 14 days of the signing of the Memorandum of Association.
Documents
You should provide the list of the following documents:
passport;
proof of address;
legal address approval;
name reservation application;
articles of organization.
CONSULTATION ABOUT COMPANY REGISTRATION
Our specialists are the best on the market – they have vast experience in this field of activity. We also provide a consultation service for the opening of a SA company in Poland. We will talk about the possible risks and benefits of opening an SA. We will also make you sure about taxes, fees, and opening a bank account in Poland. We will provide up-to-date information on any of your questions.
Accountancy
The principle of consistent and continuous entry of entries into the accounting account registers is implemented in the form of specialized books (ledgers), based on which the annual financial report (sprawozdania finansowego) is drawn up.
Taxes
The joint-stock company is a taxpayer of corporate income tax (CIT). The corporate income tax rate is 15% for the first tax year of the company's existence (the current year of incorporation). In subsequent years, the 15% rate applies only to companies whose operating income for the current year does not exceed EUR 1,200,000. Otherwise, the tax rate will be 19%.
Bank account
If you decide to open a company in Poland, you have to create a Corporate Account. This type of account needs for the main business of the company, for internal expenses, payment for services, and providing net income for private entrepreneurs.
