Bank account in Poland
The pan-European trend of restricting banks’ operations with non-resident clients has also affected the Polish banking sector. These new developments are well known to entrepreneurs conducting business in the Baltic countries (Latvia, Lithuania, Estonia), the Czech Republic, and many other European countries. In these jurisdictions, not only do insurmountable difficulties arise when opening a corporate account, but there are also cases of account blocking for long-established and successfully operating companies whose beneficiary is a non-resident.
Are you looking to open a bank account in Poland?
Legal services starting from 150 EUR.
In Poland, the situation is significantly better in this regard, but it also has its peculiarities.
We will not consider situations where non-resident founders possess a Pole’s Card, a temporary or permanent residence permit in Poland, or citizenship in one of the EU countries – here, everything is much simpler. We are interested in situations where the founders are citizens of Belarus, Russia, Ukraine, or any other CIS country (and beyond) without any status in Poland. Will there be problems opening a corporate bank account for a Polish company in such a case?
Support for opening accounts in Polish banks
We provide support to legal entities when opening current accounts in Polish banks for both resident and non-resident companies. Our experience allows us to open accounts for LTD, LP companies (jurisdictions UK, Ireland, Scotland), as well as for companies registered in Estonia, Latvia, Lithuania, Bulgaria, the Czech Republic, and other countries.Accounts for Polish companies
250 EUR 200 EUR 20% save
What is included in the service?
- bank selection
- Coordination of opening possibility and obtaining bank approval
- interpreter services
- Internet banking activation
- Timeline - 1-3 days
The procedure requires the director's personal visit to sign the agreement
Any consultations after account opening regarding account blocking, account freezing, assistance in lifting sanctions, and unblocking accounts are not included in this service and are charged as a separate service.
Account for a non-resident company
from 650 EUR Depends on the company's jurisdiction
What is included in the service?
- bank selection
- Coordination of opening possibility and obtaining bank approval
- interpreter services
- Internet banking activation
- Timeline - 1-3 days
The procedure requires the director's personal visit to sign the agreement
Remote account opening
from 850 EUR depends on the company's jurisdiction
What is included in the service?
- bank selection
- Coordination of opening possibility and obtaining bank approval
- Preparation and sworn translation of powers of attorney
- Internet banking activation
- Timeline - 2-3 weeks
NO PERSONAL PRESENCE!
Opening a bank account for a Polish company with non-resident founders
Currently, the possibility of opening a current account for a legal entity in Poland, whose founders are non-residents, is provided by:
- Santander Bank (Spanish financial group),
- PKO BP (Polish bank with state investments),
- BNP PARIBAS (French financial group),
- ING Bank (Netherlands)
- Millennium
- ALIOR BANK
- VELOBank
- NEST Bank
It should also be noted that the operations of many branches and subsidiaries of these banks are regulated by their internal instructions at the Voivodeship, city, and sometimes specific branch level, which means you may be refused account opening at a particular branch despite the bank’s general policy on working with non-residents.
What documents are required to open an account?
To open a corporate bank account in Poland, we will need:
- Original and copies of foreign passports (notarized for remote opening) of the founders;
- Company registration documents (company statute, extract from the National Court Register (KRS))
- PESEL identification number (what it is, why this number is absolutely necessary for company founders in Poland, and how to obtain it, read here)
- Notarized power of attorney (for remote opening);
- Completed and signed bank applications and signature specimen cards (for remote opening for legal entities);
How long does it take to open an account for a legal entity?
Typically, with the personal presence of the founders during account opening and our support, you receive an active current account with internet banking access within 2 – 2.5 hours.
Fees for opening and maintaining a corporate account in a Polish bank
Bank and account name | Conditions for opening | Maintenance cost |
|
| |
|
| |
|
|
Is it possible to open an account with Millennium, ING, CITI Bank, or MBank in Poland if the founders are non-residents?
Currently, opening a current account in these banks is only possible under one condition: the company’s founders must have a temporary or permanent residence permit in Poland, i.e., they must possess a KARTA POBYTA. In all other situations, documents will not even be accepted for consideration by bank employees.
Account for foreign companies and non-resident legal entities in Poland
What if there is a need to open a current account in a Polish bank for a non-resident company registered in another EU country or outside the EU? One possible scenario: you are a Russian Federation citizen, you conduct business in Europe through your company in Latvia or Estonia, and your bank closes your current account. Can this problem be solved by opening an account in a Polish bank?
If it is not a classic offshore company (BVI, Panama, Seychelles, Belize, Hong Kong) and your company conducts transparent and open activities, then this is possible.
What does the procedure look like?
To open a current account in a Polish bank for non-resident companies, it is necessary to provide originals or notarized copies of the following documents:
- Registration documents (Confirmation of company registration)
- Extract from the Register confirming current registration (Extract from the Register)
- Company Articles of Association
- Certificate of tax registration (confirmation of TIN / NIP receipt)
IMPORTANT: documents must be provided in originals or notarized copies with an apostille. Documents must not be older than 6 months (does not apply to registration documents and company articles of association). Documents must undergo sworn translation into Polish.
Additionally, detailed information about the company’s business activities, existing and planned turnovers, drafts or actual contracts with counterparties, and planned amounts of incoming funds to the account must be provided.
How long does it take to open an account for a non-resident company in a Polish bank?
Typically, the bank’s review of client documents, security service approval, and account opening takes 7 to 30 days.
Any questions?
If you have any questions, you can ask them via e-mail info@izibiz.pl
WhatsApp +48 720 740 429 Viber +38 095 772 8540 Telegram @Izibizzz
This post is also available in:
