Poland: Contracts and Commercial Law

Navigating the financial landscape of non-governmental organizations in Poland requires a strategic understanding of statutory funding mechanisms and tax optimization opportunities. Whether operating as a foreign investor, corporate sponsor, or international foundation, establishing a sustainable funding structure is vital for long-term viability.

International Financial Reporting Standards (IFRS) and Polish accounting standards present fundamentally different approaches to recording business transactions and assessing a company's financial position. These differences significantly impact asset valuation, liability recognition, revenue timing, and ultimately how investors, banks, and business partners perceive a company's financial health and creditworthiness.

Once your company is registered in Poland, the next essential step is to open a bank account online or at a branch. Without a functioning corporate bank account, a company cannot legally operate:

Prokura to instytucja prawa handlowego, będąca jednocześnie częścią prawa cywilnego, uregulowana wprost w kodeksie cywilnym (KC).

The Export Credit Insurance Corporation (Korporacja Ubezpieczeń Kredytów Eksportowych; "KUKE") is the only export credit agency in Poland providing export insurance...

Whether you are an established multinational company, a small business owner or launching a startup, there are numerous benefits to owning a business in Poland as a foreigner.

On 25 December 2014, the Consumer Rights Act, which also amended the Civil Code and introduced several new regulations on sales contracts concerning goods and services, entered into force.

The end of 2014 brought with it important amendments to the rules for registering companies in Poland.

The new Act on Payment Dates in Commercial Transactions recently came into force.