Simple joint-stock company

The act of 19 July 2019 amending the Commercial Companies Code Act and certain other laws (Journal of Laws 2019, item 1655) introduces a third, separate type of corporation – the simple joint-stock company. That type of  company is intended to combine the elements of a limited liability company and a joint-stock company.

The main goal of introducing the new type of company is to strengthen the development and competitiveness of startups in Poland and to retain innovative ideas in the country.

The main advantages of the simple joined-stock company include fast electronic registration, no status of a public company, the extensive use of electronic communication in the internal operation of the company and significant simplification of its organisation, for example no obligation to set up the supervisory board.

Similar solutions already exist in France, Germany, Slovakia and the Netherlands.

The regulations will come into force on 1 March 2020.