How much does it cost to liquidate a company in Poland?

Cost of company liquidation starts from EUR 1500, including court and notary fees for liquidation of limited liability companies which are in good standing and have not complicated structure.

During the liquidation process, it will be required to draft some accounting documents. Drafting of these documents is not included in the fee specified above.

Is it possible to liquidate a company in Poland remotely?

A Polish company can be liquidated without the physical presence of the management board member / shareholder in Poland. For this purpose, a power of attorney should be granted to a lawyer in Poland and a qualified electronic signature should be obtained.

How long does the process of liquidation of a Polish company take?

The process of liquidation of a Polish company would take around 7-9 months.

What is liquidation of a company in Poland?

The liquidation process looks like follows:

STAGE I

1. signing notarial deed of opening liquidation
2. preparing and signing liquidation opening balance, as well as a financial statements at the date preceding the liquidation;
3. making announcement in company gazette about starting the liquidation
4. filling application with companies registry for opening the liquidation process

STAGE II

1. 6 months waiting period (starting from the date of announcement publications); during this time all company debts (if any) must be paid off

STAGE III

1. closing the liquidation (signing shareholders resolution and related documents)
2. paying remaining assets into shareholder (if any)
3. preparing financial statements of closing the liquidation
4. deleting the company from the registry

During the liquidation you will be also require to prepare annual financial statements.