If you want to expand, you don’t have to figure out Poland’s subsidiary laws alone. AtoZ Serwis Plus Poland is here for you. Contact us today to learn more about our services.
Poland Subsidiary
Although Poland is an excellent location in the European Union (EU) to grow and make your mark, integration into the country is traditionally difficult. For international companies seeking to create a Polish subsidiary, the strict labour code and the inefficient commercial legal system sometimes prove to be challenging. As an option to having a subsidiary in Poland,AtoZ Serwis Plus Poland makes business in a foreign country easier to do.
How to Set up a Poland Subsidiary
You will need to consider a few aspects that could influence the subsidiary setup process in order to integrate into Poland. Business considerations, such as your industry and your headquarters' ethnicity, will influence how your company functions.
Location is a factor in every region. Businesses in the Midwest United States, for instance, could have different costs from those in New York City. In Poland, the same applies to various cities and areas. It's a smart idea to consult with other experts or a legal counsel before you determine where to base your headquarters in Poland, if you don't know the region well.
Bear in mind that Poland does not have a strong infrastructure scheme capable of raising the expense of starting up a subsidiary in Poland in particular areas. In general, metropolitan cities have greater internet coverage than less developed areas, which can also affect where you plan to integrate.
The most common type of Polish subsidiary is a limited liability company. To set up a Poland limited liability subsidiary, you should:
- Have an attorney execute articles of association
- Open a Polish bank account
- Pay the entire company’s share capital to the new bank account
- Apply to register your company with the Polish Court Register
- Appoint a management board
- Enter the company into the commercial register
Poland Subsidiary Laws
For broader market opportunities, limited liability corporations are the most common. If this is the way you set up your Polish subsidiary, the owners will be responsible only for the amount of equity capital they possess. In order to set up a limited liability company, you would need at least 50,000 PLN of equity capital under Poland's subsidiary rules. A statistical number (REGON), tax identification number (NIP), and registration for VAT payment would also be required.
What Do You Need?
It is best practise to arrange all the time and money you would need to make the expansion succeed before opting to create a subsidiary in Poland. You'll need to find an attorney or appoint an executive to study the ins and outs of their rules if you don't already have a complete understanding of Poland's regional legislation.
You would either require the time and resources to fly back and forth to Poland, or you can work on your behalf with another business manager who can do so. A substantial monetary contribution is also needed for the subsidiary setup process, so make sure to put these funds aside at the outset. In addition, without the support of an alternate subsidiary in Poland, It can take up to four months or more to complete integration. In respect to the time it can take, you should have reasonable aspirations.
Benefits of a Poland Subsidiary
The most important advantage of starting up a Polish subsidiary is that after its establishment, you will start recruiting workers, operating wages, and developing a pay and benefits plan. The parent company can also be covered against any damages or other difficulties in Poland by a limited liability company. It may also be an ideal opportunity for the development of an individual culture and management structure in the workplace.
AtoZ Serwis Plus Poland, instead, gives even more advantages. As an easy alternative to forming a subsidiary in Poland, we can allow you to start operating without getting involved. Our Employer of Record solution enables us to use our existing PEO to pay your workers and cooperate with your business. Working with us means growing your business in Poland would be your only concern.