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WHERE CAN WE FIND THE INFORMATION ABOUT POLISH BUSINESS ENTITIES

In Poland there are two records of entities carrying out economic activities:

– the National Court Register (Polish: KRS – Krajowy Rejestr Sądowy)

Polish National Court Register is a centralized database that consists of three separate registers: the register of entrepreneurs; the register of associations, social and professional organisations, foundations and public health care facilities; the registry of debtors. The task of the Polish National Court Register is to provide information on the legal status of a registered entity (e.g. company), the most important elements of its financial situation and its representation. Making the entry in the National Court Register is also possible by electronic access to the Registry Court. The company’s application for the entry to the register is subject to a fee amounting to 500 PLN.

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The most popular forms of financing business activity in Poland

 

KG Legal, as a Polish law firm, specialising in cross border cases, with particular focus on investments in Poland presents you a presentation about the most popular forms of financing business activity in Poland.

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Employing foreigners in Poland: changes in law

As of June 1, 2017, changes to the employment law in respect, among others, of temporary workers came into force. Companies employing temporary workers in Poland and transferring such workers abroad must prepare for significant cost increases and an increase in bureaucratic restrictions related to regulatory changes. Changes in regulations also apply to companies bringing foreigners to Poland.

There was expanded the catalogue of sanctions, introducing penalties of up to PLN 100,000.00 and increasing the number of cases in respect of obligatory removal of an entrepreneur from the register of employment agencies. Employing foreigners in Poland_Changes in law PDF

 

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Liquidation procedure of a branch of a foreign entrepreneur in Poland

picture shows chess figuresLiquidation of a branch of a foreign entrepreneur is proceeded on the basis of the provisions of liquidation contained in the Commercial Companies Code. The first step is to proceed with the entry procedure for the opening of liquidation, when the name of the company is expanded by the phrase ‘in liquidation’. At this stage, the most diligent part is to show the representation before the National Court Register and collect all statutory documents of the parent company. Next, financial documents should be collected in accordance with the Accountancy Act, as the procedure affects the financial period and liquidation settlements and furthermore, the announcement in Court and Economic Journal (Monitor Sądowy i Gospodarczy) needs to be published in order to call creditors to file their claims against the company. The last phase is the deletion of the entity from the National Court Register.

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KG Legal conducts networking for Scandinavian firm

picture shows finger pointing on network

KG Legal, as a Polish law firm, is looking for partners and investors for Scandinavian firm producing surgery devices.

The cross border cooperation will be based upon exchange of know-how or technology transfer and  receiving funds from investors.

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