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Doing business in Poland insights

We write about initiating business activity in Poland. We explain how the process of incorporating and registering a business looks like and discuss the requirements that have to be met to be able to function on the Polish market – in compliance with relevant legislation. Our RSM Poland Blog is also a source of information for foreign entrepreneurs for whom an investment in Poland is their first step on the way to further development in the entire CEE region. Read our Doing business in Poland insights and find answers to all emerging questions.

Business valuation: who and to what extent should do it when a company is being sold?

12 October 2021
Krzysztof CIESIELSKI
If the seller wants to land a good price and the buyer wants to avoid overpaying, the transaction of selling a business must be supported with a reliable valuation of the acquired company. But who should do it and how should it be done in order for the valuation report to be credible?

Convenient and fast e-KRS: a new dimension of the registration process

18 June 2021
Zuzanna BRÓDKA
Plans of introducing an online registration procedure in the National Court Register (in Polish: KRS) were developed back in 2018. Unfortunately, the online registration process still remains merely a proposal.

Representation of a Limited Liability Company Limited Partnership: What Does it Take for a Legal Act by this Partnership to be Valid?

5 May 2021
Patrycja SZYMAŃSKA
In our practice of corporate advisory we often come across a limited liability company limited partnership, i.e. a limited partnership where the general partner is a limited liability company. It is very often the case that the limited partner in such a limited partnership is a member of the general partner’s management board. If it is the case, you need to be careful about the representation of the limited partnership and its general partner, i.e. a limited liability company, in any activities related to the operations of your business.

Branch and Representative Office of a Foreign Company in Poland: (Attractive) Alternatives to Starting a Company?

16 April 2021
Krzysztof WARAKOMSKI
If a foreign company has a temporary project in Poland or would just like to emphasize its presence on the Polish market, a foreign entrepreneur may consider some alternatives to establishing a company in Poland, namely opening a branch or a representative office of its foreign company in Poland.

Starting a company or a branch in Poland after Brexit: major changes

25 February 2021
Patrycja SZYMAŃSKA
The transition period for the exit of the United Kingdom from the European Union ended on 31 December 2020. Brexit has impacted businesses in many ways, including the way British citizens as well as British companies establish commercial law companies and branches of British companies in Poland.

Benefits for a company after moving production to Poland

27 August 2020
Sebastian GOSCHORSKI
With the changing coronavirus situation and the developments in the geopolitical situation, this is a very good time to rethink your company’s supply chains and the location of production capacities.

Central Register of Ultimate Beneficial Owners, i.e. Transparency Above All

10 June 2020
Anna LEHMANN
On 13 July 2018, the Act of 1 March 2018 on Countering Money Laundering and Terrorist Financing (Journal of Laws of 2018, item. 723, hereinafter referred to as “the Act”) entered into force in Poland. The goal behind this regulation was the complete and correct transposition of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Certain provisions of the Act entered into force only after 18 months from the date of its announcement, i.e. 13 October 2019, and materially affected the operation of many businesses.

Green light for remote meetings and adoption of resolutions by companies’ governing bodies

23 April 2020
Krzysztof WARAKOMSKI
The Anti-crisis shield is to counteract the crippling effect of the current, extraordinary situation related to COVID-19 and the resulting state of emergency on holding meetings and adopting resolutions by the governing bodies of limited liability and joint stock companies.

Compulsory proceeding: registry courts are going into battle with arrears in submitting annual financial statements

19 June 2019
Krzysztof WARAKOMSKI
More than a year has passed since the introduction of revolutionary changes in preparing and submitting annual financial statements. Today, as many companies registered in the NCR (in particular those where foreigners participate) continue to have arrears in submitting their annual financial statements, we would like to take a closer look at the weapons used by registry courts to enforce reporting obligations.

Electronic financial statements: amendment continued

10 May 2019
Zuzanna BRÓDKA
As we all know, a reform of the National Court Register (NCR) has gradually been introduced since 15 March 2018, its underlying aim being an electronic re-organisation of the register’s operations. From now on, financial statements and accompanying documents shall be submitted only in electronic format with a qualified electronic signature or a signature confirmed with a trusted ePUAP profile. In this post we are going to try to clarify all doubts concerning the obligation to submit financial statements online.

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