Doing business and getting a crypto license in Poland

Val Watson
Authored by Val Watson
Posted Monday, October 9, 2023 - 10:58am

So, you've decided to establish a company in Poland. The economy is strong, and the nation has great potential. In order to engage in the vast majority of commercial endeavors in Poland, you will need to incorporate or register as a single proprietor.

Poland has become increasingly attractive to enterprises, notably fintech and cryptocurrency companies. Poland would be ideal for crypto-related enterprises for many reasons.

  1. Poland has one of Central and Eastern Europe's most stable economies after averting recession during the 2008 global financial crisis.
  2. Poland has a good deal of IT, financial, and engineering experts. This helps crypto businesses compete for talent.
  3. Polish company owners may easily expand to other EU countries due to Poland's EU membership and market integration.
  4. Poland is cheaper than other Western European nations to live and do business. Bitcoin businesses, both new and established, would benefit from these savings.
  5. Poland is working to update its rules so that emerging financial technologies like Bitcoin can flourish there. Clear laws may improve the bitcoin economy if customers trust it and are less likely to be cheated.
  6. Polish research and development companies get tax breaks and other benefits. Businesses in bitcoin technology looking for new product ideas may like this.
  7. Poland is now more conducive to doing business thanks to recent investments in infrastructure.
  8. Businesses looking to expand throughout Europe are drawn to Poland because of the country's strategic location at the continent's geographic center.
  9. Pro-business mindset Over the years, Poland has simplified company registration and offered financial incentives to foreign investors to develop its economy.
  10. The Polish government is capitalizing on fintech boom. A crypto enterprise may benefit from being established in an area where crypto is well-known and accepted.
  11. Poland is a great place to do business, but crypto laws change. Thus, before making major strategic decisions, businesses must monitor legislative developments and consult local experts.

Finally, since the legislation in the field of crypto business is changing rapidly, you should have the most up-to-date and accurate information when applying for a cryptocurrency license in Poland on the website of Fintech Harbor Consulting.

Doing business in Poland: where to begin?

You must make important decisions when registering your company that affect your tax liability and legal obligations. Let’s take a closer look at the limited liability company. You should choose a companion as a first step. It's also feasible that you'll be the lone investor in the LLC you form. A potential spouse should generally fit into one of the following categories:

  • A natural person who has full legal ability; 
  • A natural person who has limited legal capacity but is permitted to act through their legal representative;
  • A legal entity.

It's time to settle on the sort of business your organization will engage in. You have a lot of options with the LLC. The first requirement is that your product abides by all applicable Polish regulations.

Keep in mind that some services, such as those involving the protection of people or their property, broadcasting, or medicine, may need the acquisition of specialized authorizations.

Fintech Harbor Consulting Simplifies Crypto Licenses and Polish Setup

The first step to company registration in Poland at  https://www.fintecharbor.com/company-registration-in-poland/ and joining Poland's fascinating cryptocurrency sector is getting a crypto license. Starting a company and functioning lawfully in today's complicated regulatory environment needs strategy. 

Thank goodness you won't be alone in this maze. For complete help, contact Fintech Harbor Consulting. You may get your crypto license rapidly, and they'll help you start a Polish company. Their services make entering Polish crypto and business easy.


 

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