On 8 January 2009, the minimum share capital required in limited liability companies has decreased to PLN 5,000 from PLN 50,000.
The minimum share capital in joint-stock companies has also decreased to PLN 100,000 from PLN 500,000.
The changes apply to new and existing companies. As they significantly reduce set-up costs, it should provide a boost for start-ups, angel and venture capital investments as well as making it cheaper to establish holding companies.
Law: amendments to the Commercial Companies Code
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The original publication date for this article was 28/01/2009.
