During our practice we have served versatile consulting to foundations, public funds, corporations and individual investors.
The amount of the share capital is specified in the articles of association. The share capital of a limited liability company should amount to at least 5000 PLN, and the nominal value of the share may not be lower than 50 PLN. The legal regulations don’t specify the maximum value of the share capital. While the share capital is determined when establishing a company, it can be increased to any amount as the company grows. The increase of the company's share capital may consist in increasing the nominal value of shares or in creating new shares.
A limited liability company as a capital company may operate only through its bodies. The management bodies of a limited liability company must be set up at the stage of formation of the company, and information on the bodies and the manner of representation of the company is entered in the articles of association and recorded in the National Court Register.
Citizens of the European Union Member States and their family members may stay in Poland for a period of 3 months without the need to register their stay. The only requirement is to have a document confirming identity and citizenship. If the stay on the territory of Poland is longer than 3 months, an EU citizen is obliged to register his stay, and a family member who isn’t an EU citizen is obliged to obtain a residence card of an EU citizen's family member. The application for registration of stay must be submitted to the voivode competent for the place of stay, no later than on the day following the lapse of 3 months from the date of entry into the territory of Poland.
Currently, Poland is working on the implementation of a new structured invoice system from October 2021, aimed at closing the loopholes at the polish tax system. It is planned to gradually introduce the state information system - the National System of e-Invoices (KSeF) – from October this year on a voluntary basis, and from 2023 – compulsory for all entrepreneurs. A similar system was launched in some other EU countries and is planned, for example, in France.