Learn more about the most popular types of business entities, with details and guidance on how to register your own company.
Polish law provides the following types of legal entities for conducting economic activity:
The choice of the appropriate form of business depends on the specific needs of each enterprise and industry. Therefore it is difficult to objectively indicate the most beneficial one. Below, we present a brief overview of the most popular types of entities, with their advantages and disadvantages.
Limited Liability Company Because of the relative ease of starting and managing a limited liability company, it is arguably the most popular corporate vehicle in Poland. „Limited liability” means that shareholders share the limited risk of liability in case of bankruptcy or any other similar event, especially when creditors claim rights to the...
Joint-stock company A joint-stock company may be seen as popular in Poland as a limited liability company, but is definitely more difficult to set up and maintain. It also serves quite different purposes for its founders and beneficiaries. In some cases, a joint-stock company is the only possible form of doing business, i.e....
Branch Limited liability companies and joint-stock companies with a seat abroad may open branches and representative offices on the territory of the Republic of Poland. As an ideal form of corporate vehicle for foreign entrepreneurs entering the Polish market, the branch offers the possibility to operate a business from the country of residence....
Registration steps The standard procedure for establishing corporate entities in Poland involves steps such as the establishment of a founding group, the creation of a founding document, and registration in the National Court Register. Depending on the type of company chosen, there are also obligations such as CEIDG entry (for self-employment), ZUS registration,...
Obtaining a Tax Identification Number (in Poland: NIP) The Tax Identification Number (NIP) is a ten-digit code used to identify taxpayers in Poland introduced by the Act of October 1995.The self-employed obtain a Tax Identification Number when registering a company in the office. For this, it is necessary to submit a CEIDG-1 application.It...
