Poland SP.ZO.O.

SP.ZO.O. is a legal entity in Poland, whose full name is Spółka Z Ograniczoną Odpowiedzialnością, meaning limited liability company. The entity belongs to the Polish state/region, with ownership being consolidated, meaning shareholders jointly own the company. SP.ZO.O. is a type of limited liability company, implying that the shareholders' liability is limited to their capital contribution and they are not liable for the company's debts. The entity does not participate in the public market, thus it does not allow public stock offerings. According to Polish law, SP.ZO.O. needs at least one shareholder and one director. Shareholders can be of any nationality, and directors can be foreigners, so it is not necessary to appoint local residents as directors. Additionally, SP.ZO.O. does not require a company secretary. The minimum registered capital is 5,000 zloty, but if the registered capital is smaller, it can be paid in cash without the need to open a capital verification account. If the registered capital is larger, a capital verification account is required. Yiz Capital Global advises clients to register two shareholders for a Polish company to avoid a single shareholder having to pay higher social security taxes.