corporate taxes
Corporate income tax
(CIT) – 2020
Companies that are legal persons are required to settle accounts with the tax office using the so-called CIT
Corporate tax issues are governed by:
Chapter 5 of the Corporate Income Tax Act of February 15, 1992.
The applicable corporate income tax rates in 2020
19% tax base on general principles
9% of the tax base in the case of small taxpayers and taxpayers starting their business – in the tax year in which they started operating (except for taxpayers listed in Article 19 paragraph 1a of the Act and tax capital groups)
19% on dividends and other revenues from share in profits of legal persons having their registered office or management in the territory of the Republic of Poland
19% on the revenues of a foreign controlled company obtained by a taxpayer having its registered office or management in the territory of the Republic of Poland
The situation is different for persons of entities that do not have their headquarters or management on the territory of the Republic of Poland. In their case, income tax on revenues obtained on the territory of the Republic of Poland is different
Income tax on revenues earned on the territory of the Republic of Poland by entities that do not have a registered office or management board in the territory of the Republic of Poland is:
20%
1) from interest, from copyright or related rights, from rights to inventive projects, trademarks and decorative designs, including the sale of these rights, from payment for disclosing the secret of a recipe or production process, for use or the right to use an industrial device , including means of transport, commercial or scientific equipment, for information related to experience in the industrial, commercial or scientific field (know-how),
Note: To the above revenues from p. 1, the tax exemption referred to in art. 21 paragraph 3 of the Corporate Income Tax Act.
2) from fees for services in the field of entertainment, entertainment or sport, performed by legal entities established abroad, organized through natural persons or legal entities conducting activities in the field of artistic, entertainment or sports events in the territory of the Republic of Poland,
3) for services: consultancy, accounting, market research, legal services, advertising services, management and control, data processing, employee recruitment and recruitment services, guarantees and sureties, and similar services
10%
1) due to fees due for the export of cargo and passengers accepted for carriage in Polish ports by foreign commercial shipping companies, with the exception of cargo and transit passengers,
2) obtained on the territory of the Republic of Poland by foreign air navigation companies.
These rates may be modified by the provisions of the relevant double taxation agreement.
Get professional help
If you are looking for professional service of registering companies on behalf of foreigners, our company invites you to cooperation. We guarantee full safety and quick procedure. We prepare all necessary documents and formalities, as well as arrange a meeting with a notary public on a date that suits the client.
We offer not only the establishment of a company, but also its service at further stages of business operations.
The right kind of support
Transparency
Experience
Success oriented
Reasonable prices
Multicultural team
Most effective company formation in Europe
Costs for company formation in Poland
Registration fee – for registration in the National Court Register.
Minimum share capital – the minimum share capital for a private limited liability company in Poland is at least 5,000 PLN (approximately 1200 euros).
Virtual office cost – our team offers virtual office packages that can be personalized for around 60 -100 euros/month.
Accounting costs – the costs for accounting services in Poland start from 100 euros/month.
Company formation service fee – we offer complete services for company formation in Poland.
ADDITIONAL SERVICES FOR COMPANY INCORPORATION
Company formation is just first step for You to fully start your business in Poland.
We are here for you to guide you once you can focuse of developing your business and investment in Poland
Sworn translation
Another version of written translation. Their specificity lies in the fact that every detail present in the original is translated, including: official stamps, annotations, explanations, in accordance with sworn translations, and each page translated has a stamp and signature of a sworn translator, i.e. on the list of sworn translators of the Ministry of Justice. Our company can help with sworn translation and we will make sure that everything is correct according to law.
Assistance in banks and corporate bank accounts opening
We are helping our clients in opening bank accounts, due to their individual preferences and specific opportunities offered by financial institutions in Poland. We will assist in identifying and opening personal and business bank accounts in reputable financial organizations. We regularly review the best banking opportunities in the market place and recommend those which we believe to be the best suited for your personal and business goals. All the banks we have chosen to work with, meet our high standards of confidentiality, have excellent reputations
Personal legal advice on the legal conditions for starting a company in Poland
We will help you with administrative and tax duties after formation and registration of the company. Our polish lawyers will help you with that process and will give you more details about the types of taxes in Poland. We can assist you with getting your new Polish company VAT registered. In some cases investors will also need to apply for special permits and licenses necessary in their business areas. We will assist you with all the procedures.
Virtual office
The virtual office is a perfect solution, especially for small companies that would like to start their business in Poland. We help with all formalities necessary for establishing such an office. it is a physical address of an office that can be used to establish a company in Poland and to manage it without having to maintain a traditional, physical office. The big advantage is flexibility, allowing you to work from a company main office or remotely. The virtual office provides the entrepreneur with the address necessary for registration. The best of the offices additionally offer a package of services, such as receiving incoming letters, forwarding it (by traditional mail or email in the form of scans), guaranteeing accounting support or the possibility of additional conference room rental. Our company can help with registered address for a company in Warsaw or any other city chosen by the Client.
Work permit for Company Representatives & Business Visa
Foreigners who are thinking about starting a business in Poland are often interested in obtaining a business visa. Our company provides consultations in this area. This type of visa allows you to travel around Poland, the Schengen area and set up a company. Good knowledge of Polish law allows us to quickly estimate whether obtaining such a visa will be possible in your case. We will analyze your business situation and give you advices. To obtain a business visa for Poland, certain conditions must be met. We will inform you about all the requirements and help you prepare all needed documents.
Temporary Residency
The virtual office is a perfect solution, especially for small companies that would like to start their business in Poland. We help with all formalities necessary for establishing such an office. it is a physical address of an office that can be used to establish a company in Poland and to manage it without having to maintain a traditional, physical office. The big advantage is flexibility, allowing you to work from a company main office or remotely. The virtual office provides the entrepreneur with the address necessary for registration. The best of the offices additionally offer a package of services, such as receiving incoming letters, forwarding it (by traditional mail or email in the form of scans), guaranteeing accounting support or the possibility of additional conference room rental. Our company can help with registered address for a company in Warsaw or any other city chosen by the Client.
Help in obtaining a work permit for your employees
Our many years of experience and a qualified team will ensure that during consultation for obtaining a work permit, you will learn all the necessary information. We will analyze your professional profile, education, skills and plans for the future to choose the best job position for you. We have been working with good and stable Polish companies for many years, recruiting foreign employees for them. We know the legal processes of obtaining work permit perfectly and we will mediate between you and the new company, making sure that all documents are legal and your stay and work in Poland will take place without any obstacles.
Payroll solutions
The payroll system can be complicated. Currently, many companies are choosing payroll service to save time. As a result, they no longer waste energy on correcting legal mistakes, and their employees can take on other tasks. Our company are offering convenient payroll solutions. We provide comprehensive employee payroll services. We will keep employee records of your company in accordance with the latest laws and your regulations. Our services include, among others, calculating salaries for your employees, making salary transfers for employees, preparing declarations for the tax office and social insurance company, preparing certificates of remuneration obtained.
Frequently Asked Questions
Can a foreigner open a company in Poland?
Poland is open to foreign entrepreneurs. The government is constantly takingnew steps to encourage investment in our country
What is the minimum number of shareholder in the company?
The minimum number of shareholder in LCC company is one.
What is the most popular company form that can be incorporated in Poland?
The most popular type of company established by foreigners inPolandisLLC–Limited Liability Company(sp. z o. o.). It’s the best way to start business in ourcountry. This form is most suitable for small and medium sized companies.
Does the company need to have an office in Poland?
Yes, it’s mandatory for the company to have the office in Poland. But it’spossible to have the virtual office here. It’s helping with reducing the costs andworking from any location.
What is the minimum share capital in Poland?
The share capital is the contribution of all owners of the enterprise, which theymade during the establishment of the company. The amount of share capitaldepends on the organizational and legal form of the enterprise. In LCCcompany the minimum share capital is 5 000 pln (around 1200 Euros).
How fast can I open the company in Poland?
The company incorporation process can last around 30 days, but in some casesthe process can prolonged. Our polish team will guide you through the entireprocess of company formation in Poland.
Keep in Touch
Please contact us. We will be pleased to help you with your company’s development plans and relocation to Poland.
Contact Us
Złota 59, Lumen Tower
00-120 Warszawa
+48 576 833 279
info@themigrationbureau.com