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What do you need to remember when setting up a startup in Poland? (Sponsored)
- Poland offers favorable conditions for startups with its dynamic economy, qualified staff, and competitive operating costs.
- The country's stable economy, growing GDP, and real purchasing power make it an attractive location for entrepreneurs.
- Poland's GDP in 2023 was USD 809.2 billion with 3.23% growth, indicating economic development and favorable forecasts.
- Poland's strong IT industry provides startups access to qualified specialists and innovation.
- Setting up a business in Poland has benefits, but legal and tax challenges should be considered, requiring compliance expertise.
- Limited liability companies are recommended for startups due to advantages like limited liability of owners and low operating costs.
- After choosing a limited liability company, steps include registry court registration, CRBR registration, obtaining REGON and NIP numbers, opening a bank account, and more.
- Challenges for foreign entrepreneurs in Poland include adhering to Polish Accounting Standards, full accounting system, and tax regulations.
- Mandatory actions like financial statements preparation, audit, CIT and VAT payments, statistical reporting, and complying with National Bank of Poland regulations are essential.
- Starting a business with an experienced partner, like RSM Poland, can ensure legal compliance and efficient operations for startups.
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