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Types of Polish Companies

Types of Polish Companies

Updated on Thursday 23rd November 2017

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Business options in Poland

 
Poland is a country that is constantly evolving. Investors have a wide range of business opportunities here and those who choose to open companies in Poland have a variety of types of legal entities from which they can choose the one best suited to their needs. The Commercial Companies Code stipulates the types of structures that can be set up in Poland.
 
The types of companies in Poland are similar to those in other European countries. Commercial companies can be either corporations or partnerships. Our Polish law firm can help you choose the type of company that is best suited for your specific business needs. 
 
We invite you to watch the following video on the types of companies in Poland:
 

 

Types of corporations in Poland

 
There are two types of corporations available in Poland: the limited liability company and the joint-stock company. 
 
The Polish Limited Liability Company (abbreviated “sp. z o.o.”) is the most common form of legal entity and can be established for any kind of activity. It requires a minimum share capital of 5,000 PLN and the nominal value of a share must be of at least 50 PLN. The share capital can be divided into shares of equal or unequal nominal value. The shareholders are not liable for the company’s obligations and they can be natural or legal persons or organizational units without legal personality. The members of the management board can be liable towards the company’s creditors. A limited liability company must pay corporate income tax and VAT in Poland.
 
The Polish Joint-Stock Company is designed for large businesses. It requires a minimum share capital of 100,000 PLN and the nominal value of one share cannot be lower than 0.01 PLN. The shareholders are not liable for the obligations of the company and they can be natural or legal persons or organizational units without legal personality. Like the limited liability company, the joint-stock company is also a taxpayer of the corporate income tax and VAT.
 
Foreign investors who want to expand their business in Poland can also choose to open a branch or a subsidiary in Poland
 
Our Polish lawyers can help you with additional information about how to register a company in Poland.
 

Partnerships in Poland

 
There are several types of partnerships that can be formed in Poland, each having different advantages for business owners.
 
The Civil Law Partnership is a good business option for a small business. It is a simple business form with no legal personality that requires two partners who declare that they have common business goals and are willing to share material contribution. The founders can be natural or legal persons or organizational units without legal personality. Each partner is liable to the debts and obligations of the partnership. 
 
The General Partnership is designed for relatively small businesses conducted by at least two entities. It has no legal personality and requires no minimum share capital. The partners are liable for the partnership’s obligations. The partnership must be registered in the National Court Register, otherwise it cannot conduct any business activity.
 
The Limited Partnership is meant for a business activity of any scale. It has no legal personality but it does have legal capacity and judicial capacity. It does not require a minimum share capital and it must have at least two founders (natural or legal persons or organizational units without legal personality). The partners are liable for the partnership’s obligations.
 
The Limited Joint-Stock Partnership can be suited for a number of business activities and must include an active partner (the general partner) and a passive partner or shareholder (the provider of capital). It has no legal personality and the two partners can both be natural or legal persons or organizational units without legal personality. This type of partnership requires a minimum share capital of 50,000 PLN, with a minimum nominal value of a share no lower than 0.01 PLN. The general partner bears unlimited liability for the partnership’s obligations up to the full value of all the assets. The shareholder has no liability for the obligations of the partnership. 
 
The Limited Liability Partnership can be established by at least two partners who have the right to practice a freelance procession (physician, architect). It has no legal personality and it requires no minimum share capital. The partners are liable for the partnership’s obligations.
 
The Sole Proprietorship is a business form available in Poland for individual activities. It can be set up by a natural person who has legal capacity. It requires no minimum share capital and the founder bears full liability will all personal assets. The income of a person who conducts an individual business activity in Poland is subject to Personal Income Tax.
 
Please contact our Polish law firm if you have any questions or need personalized advice. 
 
 

Comments

  • Jehanzeb 2015-01-27

    My company is working in Lithuania I have temporarily reident permt I want to open company in poland and want ro do business and would like to get resident permit as well

    Thank you for contacting us Jehanzeb. We can help you start your company in Poland, therefore you will receive an e-mail shortly from us. For further questions please contact our lawyers directly at office@lawyerspoland.eu

  • Ted 2015-04-30

    Hi, I am interested in starting an agrotourism company in Poland revolving around a folwark. I am Canadian born but with Polish citizenship and a valid passport, my business partner is Canadian. Because it involves land of over 10 ha, I understand the MSW would prefer I be a 51% owner. What would be the easiest way to set up a company given that we don't expect income for a few years, when restoration of property is complete. Thanks very much

    Hello Ted and thank you for writting to us. This is a complex case so we would prefer to answer in private so please send us your inquiry via e-mail at office[at]lawyerspoland.eu and we will make sure to answer with personalized consultancy in regard to your agrotourism company in Poland

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