Limited Liability Company

Limited Liability Company (Sp. z o.o.) in Poland

What is a Sp. z o.o.?

A Spółka z ograniczonąodpowiedzialnością (Sp. z o.o.) is the most popular form of business entity in Poland, equivalent to a limited liability company (LLC). It is a separate legal entity from its owners, which means shareholders are not personally liable for the company's debts.

Key Features:

  • Legal Personality: The company has its own legal identity, separate from its shareholders.
  • Limited Liability: Shareholders are liable only up to the value of their share contributions.
  • Minimum Share Capital: PLN 5,000 (~€1,200).
  • Minimum Share Value: PLN 50 per share.
  • Number of Shareholders: Minimum 1 (but a single-person Sp. z o.o. cannot be owned by another single-person Sp. z o.o.).

Incorporation Process:

  • Prepare the Articles of Association (via notary or online).
  • Deposit Share Capital into the company’s bank account.
  • Appoint the Management Board (at least one director).
  • Register in the National Court Register (KRS) via the eKRS system.
  • Obtain:
    • NIP (Tax ID)
    • NIP (Tax ID)
    • REGON (Statistical number)
    • VAT registration (if applicable)
  • Open a Bank Account for business operations.

Taxation:

  • Corporate Income Tax (CIT):
    • Corporate Income Tax (CIT):
    • 9% for small businesses (income up to €2M/year)
    • 19% standard rate
  • VAT: 23% standard (with reduced rates of 8%, 5%, or 0% for some goods/services)
  • Dividend Tax: 19%

Accounting and Compliance:

  • Full accounting required (even for small companies).
  • Annual financial statements must be submitted to the National Court Register.
  • Annual CIT declaration is mandatory.

Management & Representation:

  • Managed by a Management Board (zarząd).
  • May have a Supervisory Board (radanadzorcza) if required by law or shareholders.
  • Daily operations and legal representation are handled by the management board.

Registered Office:

  • A Polish address is required to register the company.

Why Choose Sp. z o.o.?

  • Ideal for foreign investors and entrepreneurs.
  • Limited personal risk.
  • Flexible ownership and management structure.
  • Can be set up entirely online.

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