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BUYING REAL PROPERTY IN POLAND BY FOREIGNERS FROM EU (from the EEA and the Swiss Confederation)

In accordance with article 8 paragraph 2 of the Act on the acquisition of real estate by foreigners, reflecting the provisions of the Treaty of accession of Poland to the European Union in respect of the acquisition of real estate by foreigners, it is not required to obtain a consent by foreigners who are the nationals of or entrepreneurs of the Member States of the European Economic Area or the Swiss Confederation. The last restriction on the obligation to obtain a permit (consent) to acquire real estate and forestry by the said foreigners has expired on 30 April 2016, and since 01 May 2016 foreigners from the EEA and the Swiss Confederation do not need to have the permission of the Minister of the Interior to acquire any real estate.

A legal person that is a commercial company based in Poland, where the majority shareholder is a legal entity based abroad, is a foreign national within the meaning of the Act on the acquisition of the real estate by foreigners. At the same time, such entity is an entity from the European Economic Area by the fact that it is established in Poland which is an EEA member state, qualifying as a legal person from the EEA.

In view of the above, a commercial company based in Poland, controlled by a company based abroad is a foreigner from the EEA. Such entity is regulated by article 8 paragraph 2 of the Act on acquisition of real estate by foreigners which means that currently such entity does not have to be granted the permission of the Minister of the Interior to acquire any real estate.

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Polish government’s report on the acquisition of Polish real estate by foreigners and companies with foreign capital

The Minister of Internal Affairs and Administration prepares annually a document reporting extensively and accurately the entire international trade in the Polish real estate (link to the full text of the report in Polish).

According to the report, in 2016, foreigners received a total of 252 permits for the acquisition of land with a total area of 79.89 hectares. The vast majority of applications had been approved. The report highlights the active role of the German, Dutch and Ukrainian capital. In Poland, the acquisition of real estate by foreigners in principle requires the permit of the Minister of Internal Affairs and Administration. The source of legal restrictions is the Act on the acquisition of real estate by foreigners as of 24 March 1920. The relevant permit is also necessary for the purchase or acquisition by foreigners of shares in companies that are owners or perpetual users of real estate. 

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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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KG LEGAL PARTICIPATES IN AN ONLINE SEMINAR ABOUT MANAGING AND AVOIDING CROSS-BORDER DISPUTES

KG Legal participated in an online seminar carried out by the specialists in cross-border disputes: Mrs. Adriana Uson from the Singapore International Arbitration Centre and Mrs. Danielle Carr – Senior Associate (Australia) in SCA ONTIER LLP in London.

Some of the other participants were from SAP, Hilti, Metlife, Vodafone Hutchison, NCR Corporation, John Deere, Skadden, Optum Global Solutions, UPL Limited and TATA Steel.

The webinar involved the key methods for resolving cross-border disputes, minimising the risk of them and managing them in the course of proceedings.

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Enforcement of a debt in small claims procedure in Poland (Regulation (EC) No 861/2007)

KG Legal enforces a debt for a very regonised Austrian financial institution, regarding arrears in payments from a Polish entity. KG Legal has chosen European small claims procedure (ESCP) as the most suitable way of enforcement in this case. This procedure is foreseen in Regulation (EC) No 861/2007, which could be found here. The value of the claim in ESCP cannot exceed €2000. According to Article 27b of  the Polish Act of 28 July 2005 on Court Costs in Civil Cases, court fee in a case examined in ESCP is fixed and amounts to 100 PLN.

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