How to Open a Company in Poland: Complete Guide for Foreigners

Poland has become one of the most attractive destinations for foreign entrepreneurs looking to establish a business in the European Union. With its strategic location, growing economy, and relatively straightforward company registration process, Poland offers excellent opportunities for international business expansion.

Why Choose Poland for Your Business?

Poland is the 6th largest economy in the EU and offers access to over 450 million consumers in the European Single Market. The country boasts a well-educated workforce, competitive labor costs, and a strategic location at the crossroads of Eastern and Western Europe.

Types of Business Entities in Poland

The most popular form of company for foreign investors is the Sp. z o.o. (Spółka z ograniczoną odpowiedzialnością), which is equivalent to a Limited Liability Company (LLC). Key features include:

• Minimum share capital: 5,000 PLN (approximately €1,100)
• Limited liability for shareholders
• Can be established by one or more persons (individuals or legal entities)
• No residency requirements for shareholders or directors

Step-by-Step Registration Process

Step 1: Prepare founding documents (Articles of Association)

Step 2: Open a bank account and deposit share capital

Step 3: Register with KRS (National Court Register)

Step 4: Obtain NIP (tax identification number) and REGON (statistical number)

Step 5: Register for VAT if applicable

Timeline and Costs

The entire registration process typically takes 2-4 weeks. Costs include notary fees, court registration fees, and professional service fees if you use a company formation agent.