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Can I Buy an Off the Shelf Polish Company?

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Shelf Polish Company

Buying a ready-made company is one of the most popular options for doing business in Poland. It allows you to start your business quickly without spending time and money on setting up a new company from scratch. In addition, most ready-made companies include accounting services and payroll services.

A shelf company Poland is a legal entity that has been incorporated. It has a name, tax number and VAT number. It has no real employees, but it does have a clean trading history. It can be used to apply for certain licenses or credits, such as the right to purchase real estate.

Buying a ready-made company is a good option for foreign investors in Poland. It can allow them to start their business quickly without spending time and money on personnel recruitment and training. It also helps them see profits quicker.

Can I Buy an Off the Shelf Polish Company?

When buying a shelf company, you must perform due diligence. This is a formal verification of the company’s history to ensure that there are no outstanding debts and liabilities.

Once you buy a ready-made Polish company, you have the right to designate a new company representative, who will be responsible for transferring the company to your name. This is a good way to avoid complicated procedures, such as changing the company’s address.

It is also possible to buy a business in Poland that has a history of operating. It may be sold because the owner is retiring, or the business is in financial difficulties.

The most common business type in Poland is a limited liability company. This type of company bears the responsibility for the assets created from shareholder contributions. It must keep accounting books in accordance with the Accounting Act. It must also prepare a financial statement for the end of each year and submit it to the tax office.

Setting up a company can take up to four weeks. It is important to perform due diligence to verify that the company is free of debts and financial obligations.

Purchasing a shelf company in Poland is one of the fastest ways to get your business started. However, you will need to meet the requirements for incorporating a new company in Poland.

In order to be eligible to receive VAT (value added tax), the shelf company you purchase must have a VAT number. Similarly, your new company needs to be registered in the Polish Trade Registry (KRS) in order to begin commercial activities.

In addition, you will need to register your new company with the National Labor Inspectorate (PZU) and the Social Insurance Institution (PWK). Once you have incorporated your company, you can start hiring employees through recruitment agencies.

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