ESTABLISHMENT AND TRANSFORMATION OF COMPANIES

Conversion of a company involves a change in the legal form of the previously conducted business in the form of a company, while the company resulting from the conversion continues to be the subject of the rights and obligations of the converted company. Therefore, annexing contracts, agreements, applying for concessions and decisions are not required. With that said, each transformation should be considered individually.

We can divide the conversion costs into the following categories:

• the cost of preparing financial statements, if necessary;
• the cost of the law firm preparing the transformation plan, the contract of the transformed company and other required documents;
• notary costs;
• court costs.

The costs of points 1 – 3 depend on a great many issues related primarily to the workload, while court costs are fixed – the registration fee for a transformed company is currently PLN 600.

The Company’s transformation shall take place as of the date of entry of the Transformed Company into the National Court Register.

After the Company is transformed, the company must be reported to the CRBR (Polish Central Register of Beneficial Owners), to the VAT-if the company will provide VAT-taxable services, and submit a NIP-8 form within 21 days. Of course, if the company intends to conduct activities that require licenses/permits, they are required to be obtained.

The incorporation of the Company can now be carried out in the traditional system – with the participation of a notary who must prepare a notarial deed of the Articles of Incorporation (except in the case of a general partnership that does not have a real estate contribution, where a written form is sufficient) or in the S24 system.

After the incorporation of the Company, as in the case of transformation, it is necessary to report the company to the CRBR (Central Register of Beneficial Owners), to the VAT-if the company will provide services taxed with VAT, submit the NIP-8 form

This is the same question of how long it takes to set up a company.

• 1 step: determine the group of shareholders, the name of the company of contributions possibly share capital, the legal form and other relevant provisions of the articles of association
• 2nd step: visit a notary public ( except for a general partnership)
• step 3: submit the notarial deed with attachments to the National Court Register
• 4th step: receipt of the decision on registration of the company in the National Court Register