Company Registration

Start business in Poland New Limited Liability Company z. O. O. Registration process. The most convenient legal form for a small or medium-size business in Poland is Limited Liability Company that is characterized by following points: * The minimum value of share capital is PLN 50, 000* The entire share capital must be contributed before registration* The minimum nominal value per share is PLN 50* If the company`s capital exceeds PLN 500, 000 and the number of shareholders exceeds 25, the company is required to set up a supervisory board. The principal act governing business activity in Poland, namely, the Business Activity Law, gives to the Polish and foreign entities equal rights to take up and conduct business activities in Poland. Foreign entrepreneurs may take up and conduct business on the basis of the same principles as those applicable to entrepreneurs having permanent residency. However, after entering the European Union on May 1, 2004, the polish law has been already adjusted to European standards. The standards concern mainly conditions for executive director of Polish Company. Director of each company has to be resident of European union or he / she has to obtain work and residence permit. The company may be set up by one member or any number of members. However, if the company is to have only one shareholder, there is a restriction that states that this sole shareholder may not be a limited liability company with only one shareholder. Our company will help you start your own business in Poland and provide you wide range of services by company formation process, in which the following steps are required in order to establish a limited liability company: 1. Execute the articles of association in the form of a notarial deed. The articles of association of a limited liability company shall stipulate: - the business name and location of the registered office of the company. Business name may be chosen freely, but shall include the additional words in Polish language of a limited liability company, - registered business activities, - the amount of the share capital, - whether a shareholder may have one or more shares, - the number and value of shares held by each shareholder (the nominal value of a share may not be lower than PLN 50) , - duration of the company, if it is defined, - the provisions concerning in-kind contribution and a stipulation concerning additional shareholder benefits and obligations, if applicable. 2. Pay up in full on the entire share capital. 3. Appoint the management board. 4. Constitute the supervisory board or the audit committee if this is required by the law or by the articles of association- a supervisory board or an audit committee is required by law in companies whose share capital exceeds PLN 500, 000 and where there is more than 25 shareholders. 5. Register the company in the court register of business entities. The formation of the company shall be reported to the registration court which has jurisdiction over the location of the registered office the company, with the registration filing to be made on an official form. For more information refer to HTTP:  /  / WWW. Ibay. Li / product. Php? Productid=17290 & cat=314 & page=1