Company formation in Poland

[Bextol Anderson]

Poland has a corporate tax rate of 19%. Companies that operate under VAT have to pay tax on purchases at 23%. Certain services, like those related to some foodstuffs, fruit juices, certain books and periodicals (excluding e-books), some agricultural supplies, and others, benefit from a 5% VAT rate. 

• It takes two weeks for a new company registration or shelf company transfer, in most cases. However, the set-up or transfer process will take up to 15 business days, if the shareholder of Polish company is an overseas corporate entity
• VAT registration requires up to 1 month in most cases (Polish tax authorities may request additional information)
• For a ready-to-use bank account a minimum of 15-20 days is required. (Account activation is possible only upon receipt of the required information and hand-signed application forms)