Poland is a country that is becoming increasingly attractive to entrepreneurs due to its stable economy, access to the European market, and relatively low business costs. But before you start implementing your ideas, it is important to understand what expenses you expect when registering a company in Poland.
The cost of company registration
One of the first tasks is to determine the structure of your business: whether it will be an individual entrepreneur, partnership or limited liability company (LLC). Most entrepreneurs choose an LLC, as this form provides flexibility and limits personal responsibility.
The key question that many are asking is the cost of opening a company in Poland. On average, the costs of registering an LLC in Poland include:
- Notary services. You will need to have the company’s founding documents notarized. It costs from 500 to 1000 zlotys, depending on the amount of work.
- State duty. Registration of the company in the KRS court registry will cost 600 zlotys.
- Payment for publication in the judicial monitor. This procedure is mandatory and costs 100 zloty.
In total, the minimum cost of registration itself will be approximately 1200-1700 zloty.
Mandatory costs after registration
After completing the registration process, you will have to cover the costs associated with starting and running the business. This includes:
- Accounting services. Bookkeeping is a mandatory requirement. The cost of accounting services varies from 300 to 1000 zlotys per month, depending on the volume of transactions.
- Office rental. Even if your business operates remotely, you will need a legal address. The cost of renting a virtual office starts from 100 zlotys per month, but if you rent a physical space, the costs can rise to several thousand zlotys.
- A bank account. Opening a corporate bank account is a necessity. Some banks offer free service, but on average it will cost 20-50 zlotys per month.
Other important expenses
In addition to basic expenses, there are additional costs that may arise depending on the specifics of your business.:
- Licenses and permits. If your business belongs to regulated areas such as transportation, medicine, or construction, you will need to obtain the appropriate licenses. The cost depends on the industry.
- Insurance. Some types of business require an insurance policy. For example, if you provide services, a civil liability policy may cost from 500 to 2000 zloty per year.
- Registered capital. To establish an LLC in Poland, it is necessary to contribute a minimum authorized capital of 5,000 zloty. This money will remain in your account and can be used to run a business.
How to optimize costs
Business registration and subsequent management requires a careful planning approach. To avoid unnecessary costs:
- Compare offers from notaries and accounting firms to choose the most profitable one.
- Use a virtual office instead of a physical rental in the initial stages.
- Explore benefits and support programs for entrepreneurs. Poland often offers grants and subsidies to help reduce costs.
Registering a company in Poland is a process that requires both time and financial investment. However, proper planning will help you avoid unnecessary expenses. If you are interested in the cost of opening a company in Poland, we can say that the costs depend on the chosen form of business, the required services and the specifics of your activity. Initial investments are quite affordable, and the opportunities provided by Poland justify all costs.