News

The pros of buying a shelf company in Poland

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

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

Campus Warsaw celebrates its first birthday

This time last year Google launched Campus Warsaw in the capital’s old district of Praga. The place, a hub of new talent and technology, summed up the past 12 months of activity. The initiative, operated by Google for Entrepreneurs, was called a great success. “Today we would like to thank you - what we’ve achieved together is truly amazing. And we are just getting started!” – said Rafał Plutecki, the head of Campus Warsaw.   Campus Warsaw is currently located within the premis Read more

National Treasury Administration bill signed

As of 1 March 2017, customs, tax administration and fiscal control will be consolidated and turned into National Treasury Administration (KAS) – as stipulated in the bill on KAS and act introducing its regulations signed by president Andrzej Duda.   As the President’s Office informed, KAS will be a dedicated government administration carrying out tasks within the scope of: tax income, customs duties, fees and non-tax budget receivables. KAS is to protect the interests of State Treasur Read more

Expired deadline for submitting a FATCA statement

1 December was the deadline for meeting the obligation to submit a FATCA statement. The obligation concerns everybody (individuals as well as companies) who opened their account after 30 June 2014.   FATCA (Foreign Account Tax Compliance Act) is an American legal act passed in 2010 by the Congress. Its aim is imposing an obligation on foreign financial institutions to provide a list of clients that constitute a group of US tax residents. The main idea behind introducing the obligation is Read more

Act on innovation signed by the Polish President

The new act on innovation is to guarantee companies possibility to take advantage of substantial tax credits for research and development, while scientists are to benefit from commercialising their inventions to a much greater extent.   In accordance with the announcements of President Andrzej Duda, the solutions included in the new act to are bring a real growth of innovation, and therefore better functioning of Polish economy, better functioning of Polish science, and as a result a dist Read more
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