There
are generally
two reasons
why business
investors set
up companies
abroad: either
to access new
markets or to
cut costs. Poland,
which joined
the EU in 2004,
scores exceptionally
well on both
counts. The
Polish market
is the largest
in Central Europe.
REQUIREMENTS
A
private
limited
company
is the most
popular
format for
small/medium
sized companies.
Minimum
share capital
is 50,000
zlotys (€12,728),
to be fully
paid up.
Minimum
number of
directors
is one.
No
restrictions
on foreign
shareholders.
Annual
accounts
to be prepared
and held
at company
offices.
FEES
Company
formation,
bank account
and VAT
registration:
£2,748.90
ex.VAT.
TIMESCALES
Completed company formation: 4-6 weeks.
VAT number: 1 week.
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
plus deposit
refundable
within 30
days of
termination
of office
contract.
Serviced
office:
cost as
per requirement.
ACCOUNTANCY
Quote
based upon
approximate
number of
monthly
invoices
and projected
annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
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