Doing business in: Poland
Produced in partnership with Wardynski & Partners

The following Commercial practice note produced in partnership with Wardynski & Partners provides comprehensive and up to date legal information covering:

  • Doing business in: Poland
  • Introduction
  • The business environment
  • Forming a company
  • Capital group—new law
  • Financing a company
  • Opening a branch office
  • Opening a bank account
  • Utilising office space
  • Acquisition of real estate
  • More...

Doing business in: Poland

Updated September 2021

Introduction

As another year of the coronavirus (COVID-19) pandemic goes by the Polish economy is looking to recover from 2020’s GDP decline of 2.7% and is projected to reach well over 4% (and in case of some analysis even above 5%) in 2022. Following the easing of containment measures in the second half of this year strong individual consumption and strong foreign demand allowed for the stronger than initially expected growth. That said, the pandemic is not over and the anticipation of an approaching fourth wave, as well as the country’s fragile coalition government, clouds the outlook.

The business environment

Poland’s legislative power is vested in both the government and the two chambers of parliament, the Sejm and the Senate. The judiciary power of the courts is independent of the executive (Council of Ministers) and the legislature, although extensive discussions are now being conducted as the government pushes to introduce reforms viewed by many as limiting this independence. The political system is defined in the Polish Constitution, which also guarantees a wide range of individual freedoms. The judicial branch plays a minor role in politics, apart from the Constitutional Tribunal, which has the power to annul laws that violate the freedoms guaranteed in the constitution.

Being a member of the EU since 2004 the Polish legal system is linked with the laws

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