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Dissolution of Spółka z o.o (equivalent of limited liability company)

If for some reason you do not want to run a company (Sp. z o.o), or transform it into another form of legal entity or even put it as an asset into another company, it is nothing left but dissolution. You should know, however, that this will be a formal, time consuming so costly process.

The purpose of the dissolution of the company is termination of its activity, ie termination of its current affairs, repayment of liabilities, recovery of receivables and transformation into cash any other assets hold by the company.
At that time of liquidation any company’s undertakings are only possible within the scope necessary only to complete any undertakings that are already in progress.

Dissolution of the limited liability company (sp. z o.o. ), takes place in few stages:

1. Commencement of liquidation due to:
– as defined in the company’s agreement, or
– a resolution of the shareholders of the company.

2. Appointment of Liquidators of the Company, who represent the Company during the liquidation process.
Usually members of the Management Board of the Company, are the Liquidators unless the Shareholders decide otherwise.

3. Opening the liquidation proceedings to the Registry Court and publication of the announcement of the opening of liquidation in the “Monitor Sądowy i Gospodarczy”, together with the request to creditors of the company to submit claims. Creditors have to file for claims within 3 months from the date of publication of the announcement in the MSIG.

4. Preparation of the opening balance sheet of liquidation.

5. During the liquidation process, no profit can be paid to the shareholders.

6. In the moment of the opening of the liquidation process all proxies appointments expires.

7. The division of assets remaining after the repayment of liabilities can take place only after the expiry of six months from the announcement of the opening of liquidation process.

8. If there are disputable claims or not yet due, the amounts needed to satisfy such claims should be lodged with the court.

9. After completion of the liquidation proces but on the day preceding the division between shareholders any remaining assets, should be prepared Financial Report. This report must be announced at the company headquarters and must be approved by company’s shareholders.

10. Finally, the application is submitted to the Court to remove the company from the Register (KRS).

For more information please contact us.




Investor’s Guide – Poland. How to do Business – 2015.

Investor’s Guide – Poland. How to do Business.
A collection providing useful information for those who wish to do business in Poland (English version).

The full report you can find here

Source: www.paiz.gov.pl/publications




Investing in Poland 2014

For the fifth year running, Warsaw Business Journal has published its annual Investing in Poland report, in cooperation with the Polish Information and Foreign Investment Agency (PAIiIZ), PwC and the largest chambers of commerce in Poland.

Investing in Poland 2014 provides crucial, up-to-date information about the investment climate in the country, including in-depth analysis, macroeconomic data, budget forecasts and contact information to all of the respective investors’ assistance centers for the country’s 16 voivodships and all of its largest cities. It also provides information on special economic zones (specialty sectors, land available, contact information), industrial and technology parks, business-support organizations, and companies specializing in helping businesses acquire EU-funds. The “Trendbook” section is particularly noteworthy. It examines the trends shaping Poland’s economy and investment environment. Among the sectors analyzed in this section are business process outsourcing (BPO) and Research and Development (R&D).

Partners in the publication include Bank Pekao, CBRE, Dentons and Randstad. These companies’ experts share their expertise in the fields of finance, real estate, legal issues and HR.

The full report you can find here

Source: www.paiz.gov.pl/publications




Basic information about incentives for foreign investors in Poland.

Basic information about incentives for foreign investors in Poland.

The full report you can find here

Source: www.paiz.gov.pl/publications




Legal aspects of doing business in Poland 2012

“Legal aspects of Doing Business in Poland 2012” is the joint publishing project of a law company Gide Loyrette Nouel, prepared in cooperation with PAIiIZ and the Polish-British Chamber of Commerce (BPCC). It contains information for investors planning to start or expand business in Poland.

“Legal Aspects of Doing Business in Poland 2012” is a compendium of information regarding such areas of commercial law in Poland, as setting up a company in Poland, banking and finance, taxation and stock market, real estate, public procurement, infrastructure, environmental protection, consumer protection, competition and distribution law, state aid, intellectual property, labor law, court litigation and arbitration. The report you find here

Source: www.paiz.gov.pl/publications




Poland why YES!

1. The short movie about the economy of Poland, produced by Polska Agencja Rozwoju Przedsiębiorczości PARP, The Animated Guide to Polish Success

2. To get more familiar with the history of Poland, please watch Animated history of Poland, produced by Polska Agencja Rozwoju Przedsiębiorczości PARP

3. Statistical Report: Poland in figures