Limited partnership

Established for the purpose of conducting business under its own business name.

Must be established and conducted by at least two individuals or legal persons.

Minimum capital

Legal personality
None. Personal partnership.

At least one partner is liable to the creditors for the debts and obligations of the partnership without limitation (the general partner) and at least one partner has a limited liability. However, if a business name of a limited partnership includes a name or a business name of a limited partner, this partner is liable for obligations of a partnership without any limitation.

PIT Declaration - Personal Income Tax, or CIT - Corporate Income Tax; each of the partners is paying taxes separately.

Establishment process
The statutes of the partnership should be executed in a notarised form and signed by all general partners, whereupon the partnership should be entered into the National Court Register (Krajowy Rejestr Sądowy).

Additional requirements for foreign investors

Representation of a partnership
Partnership may be represented exclusively by a general partner. A limited partner may represent a company only as a plenipotentiary, in other cases he is fully liable for obligations of a company assumed without prior company’s authorisation. Limited partnership may be represented by a proxy