Company secretarial services Poland: Helping you deal with regulatory challenges

In the current business environment, companies face numerous challenges from regulatory obligations or simply from following the basic rules of corporate governance. This is what happened to an Ecovis client from Asia who wanted to start business activities in a sensitive sector in Poland and resorted to company secretarial services (CoSec) – a case study.

In many jurisdictions, even basic actions such as filing the minutes of an annual shareholders’ meeting, changing the data in the commercial register or the registration of ultimate beneficiary owners requires not only having the right IT tools or access to government platforms etc., but also the specialist knowledge involved. All this red tape is especially troublesome for investors operating many special-purpose vehicles (SPV) with limited day-to day business operations, as well as for investors from non-European jurisdictions who are unaware of the regulatory environment in Europe, and in Poland in particular.

The case of an Ecovis client

The client was planning to be active in the field of consumers loans, a sector which is deemed highly sensitive from a regulatory perspective, mainly in terms of anti-money laundering (AML). The combination of a non-EU ultimate beneficiary owner and sensitive activity caused huge challenges in preparing operations, especially the cooperation with banks.

We offer standard company secretarial services as well as a range of bespoke services – including director services.

Piotr Pruś, Partner, ECOVIS LEGAL POLAND Law & Tax, Warsaw, Poland

Licensed business start thanks to Ecovis service

In addition to providing director services during the critical initial time period, Ecovis was able to provide support in the area of compliance, especially AML. We were also able to facilitate the licensing process and start the cooperation with banks, for example with the opening of a bank account.

ECOVIS LEGAL POLAND Law & Tax has more than 20 years of experience in supporting foreign companies in Poland. As a provider of company secretarial services in Poland, Ecovis also takes care of the minutes of board meetings and shareholders’ meetings, the necessary filings and business correspondence, as well as other corporate housekeeping matters. With this know-how, it was possible to implement the requirements of the Asian client quickly.

For further information please contact:

Piotr Pruś, Partner, ECOVIS LEGAL POLAND Law & Tax, Warsaw, Poland
Email: piotr.prus@ecovis.pl