Are you planning to start a business in Poland? Good decision! This beautiful and friendly country with a strong economy is a perfect place for foreign investors. Starting a business in Poland is a great idea whether you want to set up a startup, an online store or dive into Poland’s tech world. So, if you would like to know more — keep on reading!
Besides just being a gorgeous place to start doing business and possibly calling home –this place is just a mecca for entrepreneurs! Poland is smack-dab at the heart of Europe; it has some highly educated individuals, meaning you get some great employees. Plus the Polish powers that be – love foreign business and welcome it with open arms! Entrepreneurs from the European Union and European Economic Area especially benefit from favorable regulations and opportunities, making it easier to establish and operate businesses. All in all a great place to come in as a foreigner and start a business.
The type of business structure and business entities will determine how you file your taxes, how the liability for your business is determined, and how you protect yourself from personal liability. You may have the following options: sole proprietorship, partnership, or an LLC. Both the limited liability company and joint stock company are popular business structures in Poland, each with its own advantages and requirements.
Read more: Exploring Legal Forms of Business in Poland
The PKD code is the Polish Classification of Activities code that you must provide when registering your business. This is just a tool to help properly identify your business based on the type of activities that you will be performing.
Read more: Choosing the Right PKD Code for Your Business Operations
You may need to register with CEIDG (Central Registration and Information on Business) or with KRS (National Court Register – Krajowy Rejestr Sądowy) for a business you want to create. The central register is crucial for sole traders, while the national court register is essential for entities like limited liability companies and partnerships. Registering a one person business activity is straightforward, requiring minimal formalities and no share capital.
Read more: Company incorporation in Poland
Taxes can ruin a business because of misunderstanding and ignorance of corporate income tax and personal income tax. Poland has the benefit of many dual taxation agreements to help foreigners establish a business. Plus, you can ring up some accounting services in Poland and get some seasoned advice.
Read more: Taxation in Poland. Tax rates and tax system
Opening a bank account should be top of the list for any business anywhere! And Poland offers some pretty great banking options for foreigners!
Read more: Opening a Bank Account in Poland
Obtaining a permit or a license may be necessary for specific business activities. Regardless of whether you are planning to open a bar or a shop, be sure to check if you comply with the legal requirements.
Read more: A Guide to Applying for Business Permits and Licenses in Poland
When starting a business in Poland, understanding labor laws is crucial to ensure smooth operations and avoid potential legal issues. The Polish Labor Code outlines the rights and obligations of both employers and employees, making it essential for foreign entrepreneurs to familiarize themselves with these regulations.
Read more: Labour Law in Poland
The Polish government is keen on attracting foreign investment and offers various forms of assistance to support foreign-owned businesses. These initiatives can provide significant advantages as you establish and grow your business in Poland.
By leveraging these resources and understanding the local labor laws, you can set a strong foundation for your business in Poland.
Starting a business in Poland as a foreigner may seem like a hassle, but as long as you have all of the necessary information and support, nothing will stop you from achieving success.
You can read more in our guides, or contact us and ask about the best solution for your business!
