New classifications of business activity have been introduced for all businesses in Poland.
All businesses must ensure that its own stated business activity complies with the new classifications by 31 December 2009. The management board or representative shareholders of any commercial company failing to do so will be fined by the register court and ordered to amend the scope of activity in its articles of association within 7 days.
Businesses registered in the Companies Register will be required to amend the scope of activity in their articles of association and report this amendment to the National Court Register.
Recording the amendment is subject to a fee of PLN 650 plus the cost of a notarial deed amounting to c. PLN 500 for professional partnerships, limited partnerships and limited joint-stock partnerships, PLN 750 for limited liability companies and PLN 1,200 for joint stock companies.
Once the amendment is registered in the Companies Register or the Business Activity Register, businesses must also amend codes classifying their scope of business (REGON certificate), which will be given free of charge by the Statistical Office on production of a current excerpt from the National Court Register or a current certificate issued by the Business Activity Register.
The codes may also be changed free of charge and reflected on REGON certificate prior to amending the company's articles of association (required anyway by 31 December 2009), on production of a current excerpt from the register as above.
The Statistical Office will pass on the new data to other offices maintaining official registers, so there is no need to update the data at the Revenue Office or the Social Insurance Institution.
Law: Regulation of the Council of Ministers dated 24 December 2007 concerning the Polish Classification of Business Activity, coming into force on 1 January 2008
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 12/05/2008.
