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Posts by Teemu  

Joined: 21 Jul 2009 / Male ♂ 		Last Post: -
Threads: Total: 6 / In This Archive: 4
Posts: Total: 21 / In This Archive: 14

Displayed posts: 18
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Teemu   
21 Jul 2009
Law / Questions on business enviroment for the affiliate marketing business in Poland [3]

Hello!

I'm going to relocate from Russia to Poland due to various issues, mostly with business enviroment.

I want to register polish LLC and continue my work with various affiliate programs. I own a network of game related websites and promote various games on them and receive monthly comission from Affiliate partners (such as BigFishGames, Reflexive, RegNow) and so on. Also I work with AdSense and CJ.com. In Russia it is a real nightmare to run this business legally because there is a very strict Currency Control there and you need to have written agreements and monthly reports signed by Payee for every wire transfer. Just imagine big internet company bothering with signing docs every month and so on. This is ridiculous and I tired of this. So I'm looking at Poland, coz it is near my home (120 kms away) and I like this country, often visit it. Here's what I wanted clarify, to be sure about my choice:

1) Do you need to have written agreements with affiliate and advertising companies (US based) in order to receive wire transfers from them and justify your income? Or printed out terms and conditions will work?

2) Do you pay VAT on such kind of income?

3) How often can polish LLC pay out dividends: yearly, quarterly, monthly?

Thanks in advance

So, anyone?
Teemu   
17 Aug 2009
Law / Registered office for Polish Company [13]

Hello!

I'm going to register Sp.z.o.o. I will work from home (rented), a polish registration firm offers me a registered office address for 300 euro. Can I register my sp. z.o.o. on this address, is it legal to use 'post adresses' or I should use only actual address of business and rent an office?
Teemu   
18 Aug 2009
Law / Registered office for Polish Company [13]

But what will happen, when a tax man will decide to check me and won't find me at this address? How is it described legally? Well, in Russia, for example, there are strict fines for a usage of the post address, your business have to be located at this address too. So I wonder, is it 100% legal in Poland (using post address) or this is just a grey business practice?

Where are you from, Gregor?
Teemu   
18 Aug 2009
Law / Registered office for Polish Company [13]

So yes, under the 'post address' I don't mean a regular 'post box', I mean an address where your business not actually situated and to this address your official mail comes and it is stated as your 'registered office'. For example, you can do programming biz at home, but to have registered office at your accountant/lawyer or somebody's place, where you do appear rarely. So is it ok according Polish laws?

gregor, understood, ok, so it is better to be registered at your accountant/lawyer's office I guess. But wont it be too strange to sign an office rent agreement with only one time price of 300 EUR for example. Any rent is supposed to be payed monthly. One time payment looks strange, no?
Teemu   
18 Aug 2009
Law / Registered office for Polish Company [13]

So I guess we've ended up with having a real address as a registered address, coz it's impossible to spread out one time 300 EUR payment as a monthly payments. Just imagine, you have a rent agreement with 10EUR/month payments for a room. Sounds funny.

gregor, please check PM.
Teemu   
18 Aug 2009
Law / Registered office for Polish Company [13]

gregor it's true, but why do I need this room if I'm not going to run a business in it? Just for a postal purposes? Is it a legit goal?
Teemu   
4 Sep 2009
Law / Polish business invoices: do they still need to be stamped and signed? [10]

Hmm, but what's about if you're buying hosting from USA and get an invoice from them via e-mail. No signatures, no stamps. Can it be accounted as expenses in this case? Or I should bug my US hosting company to sign and stamp an invoice? This looks not so great...
Teemu   
9 Sep 2009
Law / Ease of doing business - Poland ranks 72nd in the world [8]

Well guys, I'm from Russia and we're on 120th place, and this is a real true. As for Poland, what are problems there? You don't need to have paper contracts, you don't have to have acts of an acceptance signed by buyer and seller, you don't have problems with receiving money from abroad, you don't even have too much businesses which require to obtain license in order to run in law. In Russia, for example, you need to get a license from FSB (former KGB) if you're setting up an internet cafe or decided to set up a hosting company...I'm even not talking about building and construction...so I must say, you're happy people here without such obstacles as we have, so what are your main problems with business?
Teemu   
10 Sep 2009
Law / Ease of doing business - Poland ranks 72nd in the world [8]

Hmm, but what do you mean under bureaucracy? For me Russian bureaucracy is the model one. I don't think that the worst exists. As for high taxes, polish taxes are way too lower than in Germany, Belgium, Spain, Netherlands...so they must feel even worse. Even we at Russia have 20% on profit and 35% Russian ZUS and 13% personal income. A bit lower than yours on personal income, but still, very high. I'm not even talking about German taxes for exmple.

Juche Haha, these are fairytales compairing what we have in Russia)
Teemu   
12 Oct 2009
Law / Withhodling tax on payments to non-polish firms for services [8]

Is there withhodling tax on payments for services to non-Polish company or person exists?

For example, if I want to pay 1000 euro to German firm for consulting services or 100 USD to American copywriting firm for writing an article, are there any withholdings from the amount payed should be done?
Teemu   
12 Oct 2009
Law / Withhodling tax on payments to non-polish firms for services [8]

Actually, I was confused by info from last paragraph here: investing-in-poland.pl/taxes_ct_withholding_tax.html which says:

Payments made to non-residents as a consideration for intangible supplies (such as consulting services) are subject to 20% withholding tax. However, if a payment is made to a country which has a Double Tax Treaty with Poland, this tax can be avoided if certain minimal administrative formalities are completed (You need to get a Certificate of Residence from a supplier).

I guess it can become a nightmare obtaining Certificates of Residence from all of your service suppliers.

So, maybe I understood this wrong?
Teemu   
13 Oct 2009
Law / Withhodling tax on payments to non-polish firms for services [8]

Actually, this sounds frightenning. Is there any list of services which falls under this withholding tax?

Actually, I'm concerned about:

1) Hosting services (payed to US)
2) Payment for writing an article (US)
3) Payment for search engine optimization services (UK)
4) Purchasing banners on US web sites

All these services are to be paid via corporate debt card...and believe me, I don't see it is possible to withhold something from them if required. I hope those services above aren't unders the scope of withhodling tax.

Any comments on this?
Teemu   
13 Oct 2009
Law / Withhodling tax on payments to non-polish firms for services [8]

I don't have an accountant, cause I'm not in Poland yet, I'm considering to move there, but I want to get some answers, so I want to ask here and there. I'm sure there are people who can share their experience and answer my questions. I think, this is one of reasons why this forum was created. People asking, other people answering, simple.
Teemu   
6 Nov 2009
Law / Accounting of costs when a Polish company pays foreign providers [9]

First of all, I'm not in Poland and I don't have an accountant, so that's why I'm asking here. The question is about polish Sp.z o.o.

The company is dealing with internet marketing, it has costs and pays to foreign providers for domain names, adwords, hosting services. Providers are mainly from US. Payment is made via Card/Paypal. The questions are:

1) How these costs can be accounted? Most of providers don't provide invoices and if provided such, they are without signatures and in pdf. Will bank/paypal receipts work for accounting those costs?

2) Do we pay VAT on top of that? So, I guess, I pay $100 for hosting to the US comapny and then $22 as VAT? Looks like a huge ripoff...

Anyone?
Teemu   
12 Nov 2009
Law / Accounting of costs when a Polish company pays foreign providers [9]

Well, you know, of course I will get an accountant, so this headache won't be mine. As for taxes, name me another EU country with lower taxes except Ireland, Cyprus and Bulgaria? I don't think that taxes are big at all, look at Germany, Netherlands, Belgium, France. As for red tape, go to Spain and you will get an idea what the bureaucracy is. As for new media companies, I don't require more than ability to receive money without hassles and paying money for services abroad, this is the only requirement I have.

I thought about Czech Republic also, they have good taxes, etc. But you need to have paper contracts for every transaction/deal and get a formal licence for every type of business...this is kinda nightmare, you know.

PS I'm not EU national, so I can't be a Sole Trader here.