mr_wilson
3 Dec 2008
Law / Setting up small business in Poland? [191]
I went to an accounting firm (ADAC) in Krakow and they informed me it was no problem to open a business in Poland as a Canadian citizen. They wanted 1.800,00 zl to register a small Ltd. com, which was reasonable. The cost I found to be high was the monthly paperwork which was quoted at 800,00. Paperwork is so thorough in Poland that I'm sure they do a lot of work for the money. I'm just used to a much more simple system back home. Many locals recommended I open the business in another Eu country. The paper burden, cost, and taxes are much lower.
I ended up opening a personal bank account, as a business account was hard to get without a Polish business. It's possible, but the paperwork and documents required was extensive.
I went to an accounting firm (ADAC) in Krakow and they informed me it was no problem to open a business in Poland as a Canadian citizen. They wanted 1.800,00 zl to register a small Ltd. com, which was reasonable. The cost I found to be high was the monthly paperwork which was quoted at 800,00. Paperwork is so thorough in Poland that I'm sure they do a lot of work for the money. I'm just used to a much more simple system back home. Many locals recommended I open the business in another Eu country. The paper burden, cost, and taxes are much lower.
I ended up opening a personal bank account, as a business account was hard to get without a Polish business. It's possible, but the paperwork and documents required was extensive.