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How to establish a limited liability company in Poland?
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Characteristics:
- Legal entity with legal person;
- Minimum share capital is PLN 5.000;
- Established by one or more individuals or legal entities. May not be established as a wholly owned subsidiary of another wholly owned company;
- Represented by the Management Board;
- Liable for its debts and obligations with its whole property. Normally shareholders are not liable for the company`s debts and obligations;
- Ultimate authority is a Shareholder’s Meeting;
- Supervisory Board may be optionally appointed, however it is obligatory if certain conditions are met.
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