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Taxes in Poland

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There are two things certain in life – death and taxes. Is there anyone who has not came across this piece of knowledge? Tax compliance is a very important issue for any company in Poland and elsewhere.   Taxation in Poland is characterized by its complexity and plethora of regulations. The most important fiscal acts are The Tax Ordinance Act, The Goods and Services Tax Act, The Corporate Income Tax Act and The Personal Income Tax Act.   Tax obligations depend to a large extend o Read more

Chief accounting principles in Poland

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Proper accounting and bookkeeping are fundamental to any company. They present financial information in the way that is to allow company managers make decisions concerning the future of the enterprise. It is extremely important to have accounting books maintained by professionals. Companies need to conduct proper bookkeeping and comply with certain legal obligations related to bookkeeping.   Bookkeeping records need to be verifiable and reliable. In order to assure that, one needs to adhe Read more

Accounting and bookkeeping regulations in Poland

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Accounting is vital to every company, regardless of its field of activity, size, or plans for the future. Keeping accounting books in order is not only necessary to have a proper overview of company operations, costs, and profits, but is above all a legal obligation.   In Poland, accountancy and bookkeeping is regulated by Accounting act of 29 September 1994. The chief rule behind all bookkeeping is that it should present a true a fair image of the entity’s financial position and result Read more

Investment in Poland – what to remember

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CEE region offers great opportunities for investment. Whether you are interested in opening a manufacturing plant, outsourcing some of your services or are looking for a new market, the territories in the east of Europe can offer you a lot.   Poland is the largest country in the CEE region. It has a population of over 36 million, several universities, and various special economic zones in different parts of the country. It is a throbbing heart of Europe, linking the old continent with the Read more

The pros of buying a shelf company in Poland

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You want to have a company in Poland but dread the red tape, unfamiliar procedures and foreign language challenges? Why not ditch all that and resort to a simpler and smarter solution: buying a ready-made company in Poland.   A ready-made company, also called shelf company, is a regular company that is offered for sale. Usually, it is set up for the sole purpose of selling it off and therefore has no history of operations. It does, however, have everything a working company needs: it is f Read more

Company formation in Poland – what you need to do

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Company set-up can be overwhelming, especially in Poland. Forming a company in Poland is not expensive, but it demands some time and determination. On your way to an operating company, you need to deal with some red tape. The most important institution dealing with businesses in Poland is National Court Register (KRS).   In order to be allowed to operate, a company has to be entered into the Register of Entrepreneurs. It is an official database of all business entities in Poland. You are Read more
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