Blog

Our accountants and solicitors help many entrepreneurs, so we know very well how many problems are caused by dynamically changing legislation.

The blog from GLC, is where you will find:

  • Resources in which we discuss changes in tax law.
  • Explanation of accounting and legal concepts.
  • Explanation of how the law works and what reliefs entrepreneurs can benefit from.

Doing business in Poland. Forms of economy activity in Poland

For the people starting their business in Poland most important is the legislation related to allowed methods and forms of the economy activity in Poland. Since 1989, the political changes in Poland, there was serval acts related to the economy activity in Poland. In consequence of legislation changes there remain two basics acts which state...
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Doing business in Poland. Audit of financial statements

In accordance with Article 64 of the Accounting Act the annual consolidated financial statements of groups of companies or partnerships as well as the annual financial statements of the following are subject to audit and publication, provided that they continue their operations: banks, insurance and reinsurance companies; credit union undertakings operating under the legal regulations...
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Doing business in Poland. Registration of economic activity

All entrepreneurs in Poland are subject to being entered either in the Central Registration and Information on Economic Activity (CEIDG) or the register of entrepreneurs of the National Court Register (KRS), so in order to perform certain types of economic activity in Poland it may be obligatory to undergo a registration procedure. The registration process...
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Doing business in Poland. How is the social security system formed

Social security constitutes all means and public activities, by which the society tries to protect its members against the threat of inability of satisfying important and regarded by the most common needs. Social security system ensures its citizens safety. It constitutes a way of a man’s insurance from poverty, in which a man can fall...
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Transfer pricing Poland – changes from 2016

On 11 September 2015, Sejm adopted an Act on changing the Act of income tax from individuals, corporate tax and some other acts (Sejm’s Print no 3697). Amendment of income tax acts introduces number of changes to regulations concerning transfer pricing and its documentation. The project has already been approved by Sejm and went to...
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Business Opportunities Warsaw

Warsaw, the capital city of Poland, is one of the fastest developing cities in the European Union and the most attractive region for investments in terms of GDP per capita. Since the vast majority of people are visiting the city with their main focus set on seeking business opportunities, it became an obvious choice for...
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