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How to sell a ready made 'shelf' company in Poland (Gdynia)


carolineHotelex
25 Apr 2014 #1
Hi, advice please- what is the quickest way to sell a ready made company in Poland, how do I go about this? It Is registered in Gydnia but trying to sell the flat that its registered to.

Also can I sell some land owned by 'company' to myself 'individual' - what is the best tax efficient way to do this?
gask7 - | 50
5 May 2014 #2
To many questions and to little information. This way no one can help you.
cms 9 | 1,254
5 May 2014 #3
Being honest anyone who could afford to buy a shelf company would do it professionally rather than take the risk of something you have set up - they would then need to spend time and cash to check there were no transactions, no tax liabilities etc.
johnb121 4 | 183
5 May 2014 #4
You've got what we (I'm a retired UK tax professional) call a bugger's muddle. You don't sell the company, you sell the shares so all you require is a contract and some consideration (zl) then a cancellation in the company's records of your ownership of the shares and recognition of the new ownership.

You mention the flat - is this owned by the company? Or is the company just registered at that address?

I'm not sure on transfer pricing. Conceivably the company might be deemed to sell at full market value whatever consideration you give for the land. This is why standard UK tax advice is to put all assets through the company EXCEPT land and buildings.

And as CMS says, the prospective buyer will need to be 110% satisfied that the company has no debts or prospective liabilities. If you just have an asset- and debt-free shelf company, the typical buyer would still most likely just go and buy his/her own.
inkrakow 1 | 98
6 May 2014 #5
Also can I sell some land owned by 'company' to myself 'individual' - what is the best tax efficient way to do this?

Yes you can, but you may need to pay 23% VAT. You need to check with an accountant.

what is the quickest way to sell a ready made company in Poland, how do I go about this? It Is registered in Gydnia but trying to sell the flat that its registered to.

If the company just uses the flat as its registered address but isn't the owner, just move the company's registered address somewhere else. There are plenty of virtual offices around that will provide this service for a small monthly fee. Selling a Polish company that has had a trading history is a complicated business, especially if it's had employees in the past - you have to keep their records for years. If it's not trading, it's much easier to close it down. Again, talk to an accountant.


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