Remarkable increase in the sales and production of URSUS tractors and agricultural machinery

Posted on January 14, 2016 by admin

In 2015 the tractors manufactured by the Polish producer were a Polish market leader. Last year, the number of registrations of these vehicles increased by 47% in comparison with 2014. This is information that the company gave. This is the biggest growth rate among all brands on our market. On the market as a whole, there was a fall of 13% in the number of registrations. The data reveal a success of URSUS. In 2015, the company introduced as much as seven new models in Read more

Registered address – virtual office in Poland – dispute resolved in favour of entrepreneurs

Posted on January 13, 2016December 04, 2022 by admin

We provide virtual office service in Poland. Contact us for details.

Recently, running a business at a virtual office address is becoming more and more popular. This option is convenient and attractive for entrepreneurs for numerous reasons. However, this form of running a business raised some doubts on the part of tax authorities that did not want to respect the consequential address information, demanding the address of conducting actual business operations. The dispute Read more

Poland speeds up, while the world will slightly slow down

Posted on January 11, 2016 by admin

This year’s GDP will rise by as much as 2.9%, as the World Bank estimates. The rise will be slower than in the middle of 2015. This is due to the weaker results of the world economy, that is the lingering recession in such countries as Brazil or Russia, and we also can’t forget about the turbulences in the Chinese economy. This year, it will be the countries exporting raw materials that will suffer the most, while in the countries importing those, the economy will speed up. This wil Read more

Taxes on income in a limited company

Posted on January 06, 2016 by admin

A limited company is subject to tax pursuant to the rules stipulated in the Legal Persons' Income Tax Act. The act establishes the model of double taxation on the distributed profit in a limited company. The first tax we need to pay is CIT tax on company income at the rate of 19%, then the reduced amount will be taxed once with PIT tax at the rate of 19% as a dividend, i.e. income paid to shareholders. A single person limited company, the only owner and shareholder of which is Read more

Accountability of limited company board members for company obligations

Posted on January 04, 2016 by admin

To begin with, it needs to be stressed that a limited company (spółka z ograniczoną odpowiedzialnością, spółka z o.o.) and persons linked to the company (e.g. shareholders, board members, supervisory board members) are separate and independent legal entities. A limited company participates in legal transactions as an autonomous legal existence equipped with legal personality, legal capacity, capacity to perform acts in law – capacity to obtain rights and incur liabilities. So, Read more

Board member under an employment contract

Posted on December 30, 2015 by admin

Appointment of a board member may, but does not have to entail employing them under an employment contract. The functions within the two relationships are independent. Still, in practice, board members are employed under an employment contract for the purpose of connecting them to the company, ensuring stable remuneration and guaranteeing extra benefits, among others. A board member under an employment contract acquires all the rights arising from the provisions of the Labour Code. &nb Read more

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