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Questions on business enviroment for the affiliate marketing business in Poland


Teemu 6 | 21  
21 Jul 2009 /  #1
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?
delphiandomine 88 | 18,131  
21 Jul 2009 /  #2
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?

I'd be surprised if Poland cared - as long as you can show how you gained your income, there shouldn't be any issues. Certainly, I'd be hugely suprised if you needed anything to accept wire transfers - just that if you earn a huge amount from a source, they might ask you to explain where the money is coming from, but that's the same from any country for any amount of money.

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

I don't think so, but only the Polish taxman will be able to tell you for sure. But I can't see why VAT would be charged unless you're actively selling space on your websites.

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

No idea, I'm afraid.
gregor - | 38  
22 Jul 2009 /  #3
The polish LLC can pay out dividends yearly.

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