GENERAL PARTNERSHIP
(Pol., spółka jawna, abbreviated name: sp.j.)
| MINIMAL NO. OF PEOPLE / ENTITIES REQUIRED TO INCORPORATE | 2 - at least two partners (natural person/legal person) | |
| LEGAL CAPACITY | YES - the partnership may be a subject of legal acts (for example may be an owner of shares, acquire real estate etc.) | |
| LEGAL PERSONALITY | NO | |
| MINIMAL SHARE CAPITAL | NO | |
| TAXATION | General Partnership is a tax transparent entity. GP is not subject to Corpotate Income Tax (CIT). The partnership income is taxed only on the level of partners. The partners are tax payers. There is no double taxation of company income. GP is required to keep tax books. Partners of the GP are subject to income tax - CIT (companies) or PIT (natural person). As far as foreign partners are concerned, income from partnership is taxed in Poland as permanent establishment of foreign entrepreneur - 15% or 19% for partners being CIT payers in their country, or 19% for partners being PIT payers. General Partnership may be a VAT payer. | |
| PARTNERS | Each GP must have at least two partners The same entity is not allowed to be both general partner and limited partner. Each entity which possess legal capacity can be partner of Polish Limited Partnership. It concerns natural person, legal person, as well as other entities, which formally are not legal person, but have legal capacity. There are not any restrictions regarding foreigners European Union (EU) and European Economic Area (EEA). Any foreign person or company/partnership from EU and EEA can be partner of Polish GP. Entities from other countries need to met special requirements in order to become a partner of GP. Each partner is liable to the creditors for the obligations of the partnership without limitation. Unlimited liability involves also taxes and other public duties. Partners manage the affairs of the partnership and represent the partnership. | |
