While the final Brexit agreement with the EU is still ahead, the outcome of the negotiations is not at all certain. So if you are worried about what will happen to your business after Brexit, do not hesitate to incorporate a company in Poland!
There are many advantages to opening a business in Poland. Primarily, it grants entrepreneurs ongoing access to the EU market. Moreover, with their European identification number, the EU VAT number, companies can apply intracommunity VAT rates to their transactions with their EU partners. Keep in mind that the intra-community sales of goods and services is – as a rule – subject to a preferential tax rate, which is a zero tax on goods and services.
In practice, entrepreneurs who sell their goods to other EU Member States apply zero VAT rates to their sales, and at the same time retain their right to deduct VAT from their purchases related to the goods concerned. Export of goods from an EU Member State to another EU Member State that involves activities subject to tax is considered to be an intra-community supply of goods.
Why Poland? Being the 9th largest European economy (and exceeding Belgium, Austria and Ireland), Poland is a perfect location for your business. The cost of incorporating a company and its annual operating cost starts from just a few hundred pounds, and an EU-VAT number can be obtained within a week of application. In addition, Poland has a favourable double taxation convention with the UK, and boasts one of the world’s most secure banking systems.
You do not have to travel to incorporate a company in Poland – just use the assistance of our experienced lawyers. Dowson Holdings Ltd, a counselling company, specialises in incorporating companies in England and in Poland, and thanks to our extensive expertise gained both in Poland and in the United Kingdom, we can guarantee top quality service and thorough market knowledge.