BANKING IN POLAND

Poland is a favorable country to start your business and offers many profitable opportunities for foreign entrepreneurs and investors. New businesses have the same rights as local companies.

Banking in Poland for Foreign Investors

Foreigners can register a company and open a bank account in Poland without restrictions like Polish residents. Moreover, foreign businessmen can take advantage of a number of benefits and opportunities provided for by special economic zones.

One of the most important decisions at the beginning of your business in Poland is the choice of bank based on the features of your business and the financial services needed at this stage. Many Polish banks and financial institutions offer a wide range of services, and such variety can disorient you.

Types of Banks in Poland

The Polish banking sector encompasses various types of institutions, each serving specific purposes:

  • Commercial Banks: These banks offer a broad spectrum of financial services, including checking and savings accounts, loans, investments, and insurance.
  • Cooperative Banks: These banks are member-owned and primarily focused on providing services to local communities.
  • Foreign Banks: These banks are subsidiaries of international banking institutions, offering global reach and specialized services.

Niedziolka & Associates has many years’ experience in providing legal support to companies and entrepreneurs, so we will be happy to represent your interests and solve your problems in relations with Polish banks. This will free you from burdensome procedures and make your business in Poland more comfortable and easier.

What Financial Services Might Be Needed for Your Business?

In Poland, there is a wide range of banks and financial institutions which differ in their functions, specialization, and the list of financial services provided. Almost all banks provide the customers with the online access to their accounts, and some of them do not even have a physical branch and operate remotely via the Internet.

When choosing the Polish bank where you should open a bank account, consider the profile and needs of your future or existing company. Many foreign investors and entrepreneurs are not aware of all the options available to communicate with banks and financial institutions in Poland, which could lead to loss of better terms that are more beneficial to your business or sector in which you operate. In addition, some types of financial services are provided not only by banks but also by other specialized organizations that offer the services of the same quality and more favorable terms.

Among these services, your business may need:
  • Eforeign exchange transactions;
  • Ecash transactions and cash handling;
  • Ecash loan;
  • Einternational and domestic money transfers;
  • Efinancial forward and futures transactions;
  • Epurchase and sale of accounts receivable.

A correct understanding of your needs will help you avoid unnecessary formalities and allow you to build long-term and effective relationships with banks and financial institutions in Poland. Niedziolka & Associates will help you achieve maximum profit and satisfaction from your business activities in Poland. If you are interested in these services, you can always contact us.

What Kind of Assistance in Relationships with Polish Banks Will Be Useful for Your Business?

If you are interested in legal support and official representation of your interests in your relationships with banks or other organizations in Poland, you can always count on the help of Niedziolka & Associates. Our experts, lawyers and attorneys can answer all your questions and tell you more about opening a bank account in Poland that is accessible to legal entities and individuals from anywhere in the world.Depending on the specifics of doing business in Poland, different companies may need different financial services of Polish banks. A competent and verified approach to relationships with banks is important for the successful development of your business. For example, a company that engages in import-export business will definitely need the best currency exchange services. Whereas a key service for any retail chain is cash handling and transfer.

Niedziolka & Associates helps clients determine their needs in relationships with banks and also allows you to achieve maximum profit and satisfaction from your business activities. If you are interested in professional legal support in the relationships with Polish banks, you can always contact us for advice.

Niedziolka & Associates’ services cover many aspects of your relationships with banks, including:

  • Eidentifying customer needs and specifics of your business in order to offer you the best solutions;
  • Eoffering options and solutions provided by the banking sector in Poland;
  • Esearching for the best and most relevant offers in Polish banks which most closely correspond to your interests;
  • Eassessment of all current offers, risk analysis including the identification of differences in terms and commissions of different banks;
  • Enegotiating individual agreements with bank on your behalf.

If you are interested in legal support and official representation of your interests in your relationships with banks or other organizations in Poland, you can always count on the help of Niedziolka & Associates. Our experts, lawyers and attorneys can answer all your questions and tell you more about opening a bank account in Poland that is accessible to legal entities and individuals from anywhere in the world.

Malgorzata Maria Niedziolka

CEO and founder of Niedziolka & Associates

Expert in the field of cooperate, commercial and immigration law, private equity and venture capital investments, as well as the purchase and sale of real estate in Poland.

Many years of experience in reputable law and consulting firms in Poland and abroad, as well as work in the public administration system in Poland, allow her to confidently and effectively navigate the over-regulated local legal system, providing high-quality legal services to a wide range of people, including foreign investors and international corporations.

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