license in Poland
Halt | December 29, 2022 | 0 Comments

What Do You Need To Know To Get A License In Poland?

Poland is a large, rapidly developing country in Eastern Europe. It is interested in the development of the IT industry. Therefore, it seeks to create the most favorable conditions for this. If you are a crypto enthusiast and want to start your own company, you should get a cryptocurrency license in Poland. It will give you the opportunity to work entirely legally in the territory of this country and the entire EU. This jurisdiction has an excellent reputation, so it will be much easier for you to attract new clients and investors.

The main stages of obtaining a license in Poland

5 Major Risks in Crypto-Currencies Investments

The government of this country is trying to do everything possible to simplify the licensing process as much as possible. It simply requires registration in a unique registry, which is much easier than in other jurisdictions.

To obtain a work permit, you need to go through 3 main steps:

  • Register your organization;
  • Get PESEL;
  • Obtain a work permit.

Each stage is essential, so they are worth discussing in more detail.

Organization registration

The first step is to develop your organization’s business model, determine what features you plan to provide, and, most difficult, choose a name. The name must be unique, so it’s good to select several options and check them in advance.

Now you can register your organization. It can be done remotely, so you do not need to fly to Warsaw. Government agencies have a few days to review your application.

Obtaining a unique tax number

After registering a company, you need to get a unique tax number – PESEL. To do this, you need to provide the passport details of the owners and make 2 electronic signatures. To receive this document, you can send documents by mail or come to the country in person.

Government agencies have 30 days to issue this document to you, but it usually takes much less time.

Obtaining a work permit

Cryptocurrencies

Once you have completed all the preparatory steps, you can apply for a license. You must provide a complete document package and pass a small check at this stage. Government agencies have 2 weeks to review this application. If they notice errors in the paperwork or have questions, they can extend this time so you are interested in getting everything right away.

What are the requirements for applicants?

This jurisdiction does not set strict requirements for applicants. First, none of your team members should have a criminal record in the past. Secondly, you must have specialized education and work experience in a relevant position. Government agencies are keen to see if you have the necessary knowledge and skills to run such a company.

If you are still determining whether your organization is ready for licensing, you can contact the specialists of our company. They will analyze your company’s performance and suggest what you need to pay attention to and improve.

Taxation

This country has pretty simple taxation rules. VAT here is only 15%, but for organizations with less than 10 employees, this value is reduced to 9%. The country’s government is interested in supporting small and medium-sized businesses, establishing certain tax benefits for them. It leads to the fact that many startups seek to obtain registration in this particular jurisdiction.

crypto license in Poland

Benefits of obtaining a work permit in this jurisdiction

There are several reasons why you should get a work permit in Poland. First, it has a straightforward and fast licensing process, which will allow you to enter the market much faster, which is very convenient if there is a race of potential.

Secondly, it does not impose complex requirements for organizations that want to obtain a work permit here. Only the absence of a criminal record and the level of reputation matter here. Many people like that there are no strict requirements for authorized capital, which benefits small businesses.

Another advantage is that you can make anonymous transactions here, although no other EU jurisdiction gives you this right. Previously, the size of such transactions should be at most 15,000 euros, but recently this amount was reduced to 1,000 euros.

In addition, there is very favorable taxation here and tax incentives for small companies.

Thus, it does not matter if you have a large corporation or a small startup; this jurisdiction will help you thrive and attract new investments.

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