How to establish a limited liability company in Poland?

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.

 
The key steps necessary to form a limited liability company in Poland:

• Choose a name, registered address and scope of activities;
• Prepare the Articles of Association in accordance with the Polish legal requirements;
• Registration of the company in National Court Register by submitting proper motions;
• Open local bank account;
• Pay of initial share capital defined in Articles of Association;
• Registration for the VAT purposes.