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xpand Your Business in Poland

Currency:

Polish Złoty (PLN)

Official Language:

Polish

Ease of Doing Business Rank:

40th globally (World Bank, 2020)

Average Time to Set Up a Business:

Approximately 37 days

Corporate Tax Rate:

19% standard, 9% for small taxpayers (revenue under €2 million)

VAT (Standard Rate):

23%

VAT Registration Threshold:

PLN 200,000 annual turnover

Dividend Tax Rate:

19% withholding tax

Personal Income Tax Rate:

12% for income up to PLN 120,000; 32% for income above

Company + Employer Contributions:

20.48% social security contributions

Minimum Share Capital:

PLN 5,000 for Sp. z o.o. (Chambers)

Bank Account Requirements:

Mandatory for company operations

Accounting Requirements:

Monthly and annual financial reporting in line with Polish Accounting Standards

Audit Requirements:

Required if turnover exceeds €5 million or assets exceed €2.5 million

Business License Requirements:

Required for regulated industries (finance, healthcare, energy, etc.)

Immigration Policy:

Business visas and residence permits available for foreign investors

Compliance Requirements:

Regular tax filings, VAT reporting, payroll compliance, and adherence to Polish labor laws