Polish corporation with bearer shares – new offshore strategy

Błażej Sarzalski        06 June 2018        Please comment!

Since long time you have been using offshore company and now you face Common Reporting Standard problems and your state is getting more and more agressive when it comes to tax collection? That is a problem indeed and it seems it is a last call to change your offshore business strategy.

In case you come from heavily taxed EU country it may be time to switch to Polish LLC or Polish corporation with bearer shares.

Bearer shares will give you anonimity you desire so much, whilst basic Polish coporate income tax rate is 15% (for businesses with annual profit below euro 1,200,000) and it has been already planned to switch it to 9% in 2019. There are no obligatory social insurance fees for this kind of companies – does it sound good to you comparing with your national LLC or S.A.?

Advantages:

  • low CIT rate – 15% (planned to switch 9% for small businesses in 2019),
  • superb banking services and reliable bank sector in SEPA zone,
  • stable EU country with low unemployment,
  • bearer shares for Polish corporation

Disadvantages:

  • no corporate directors allowed,
  • Polish corporation requires 3 person supervisory board (ask for our nominee services).

 

Company formation in Poland – free consultation

Błażej Sarzalski        20 November 2017        Comments(2)

Anyone interested in our company formation in Poland service is eligible for free 30 minutes of video consultation session by means of Skype or telephone. In order to make an appointment, please kindly contact me via e-mail.

You may have a lot of questions and that is perfectly understandable, as a company formation should not be a decision based on emotions but on solid grounds of fact-checking and me and my fellow consultants are ready to provide you with answers to your questions.

How should I prepare for a free consultation session?

The best way is to write down all important questions you need to ask. We can answer your questions in regard to Polish tax and legal system, business environment in Poland and we will most likely inform you about costs of company formation in Poland and about updated procedures.

In case you have any specyfic needs please kindly send us by e-mail a detailed description, so we can prepare for our talk.

Ready made company with bank account in Poland

Błażej Sarzalski        03 November 2017        Comments(2)

At this time we have special offer, which is limited in time, for a company with bank account in Poland.

We have limited liability company for sale, which was dormant for last 5 years and which holds bank account in the biggest Polish bank, PKO BP. The main object of a company’s business, according to its articles of association, is business and management consulting. It has officially 50.000 zlotys of share capital.

This offer is limited in time, as we have only one company of that kind.

Final price for this kind of company, including its registration and all notarial and court fees is 2500 EUR.

Procedure of buying a company in Poland

Błażej Sarzalski        11 October 2017        Comments(5)

Since recent changes in Polish company registration law we decided to alter our interal procedures.  From now on the company formation procedure in Poland in our firm will be as follows:

  1. We form a company for our client but at the beginning we act as a shareholders of the company.
  2. The client comes to Poland (we of course conviniently pick our clients from the airport in Katowice or Warsaw Chopin or provide detailed information about bus/train transfers).
  3. We formally sell the company to the client in notarial bureau.
  4. We arrange a meeting in a bank were we assist in bank account opening for a company. The client therefore is the only person entitled to make bank transfers on behalf of his company
  5. We also go to the Tax Office, were VAT application is submitted.
  6. All formalities can be made in one day, so if you have convinient plane schedule, you may become a shareholder of a Polish LLC in one day.

In case it is not possible for the client to come to Poland we can sign company purchase agreement by means of correspondence. The client is required to visit Polish embassy to proceed that way. In order to start an operation of the company the client may also wish to appoint a nominee director in Poland.

Please be advised that working companies give better chance to get temporary residence permit for people from outside EU.

Nominee services in Poland

Błażej Sarzalski        04 October 2017        Comments(3)

Each company in Poland must have a board of directors (pol. zarząd). It means that it is a must to have at least one person in charge of your LLC in Poland and I am sometimes asked a question if it is possible for my firm to provide a person who will serve as professional or as a nominee director for your company.

Since Polish law merges management with full responsibility for debts of the company, it is often difficult to find appropriate nominee, because people are afraid of what the actual director may make with the company. Simoultanously it does not mean that it is impossible to find a nominee for your business.

If you do not want to recruit a professional local director (who we can of course recruit for you), we may be able to nominate reliable and professionally qualified individual to act as a nominee director of your Polish LLC. The scope of that person’s authority and services can be clearly set by contract and internal company regulations.

We can also provide a nominee shareholder for a Poland company where appropriate.

We can also arrange for you limited partnership in Poland with nominee directors from offshore jurisdictions.

We cannot promise to be able to provide this service to every investor for different reasons.