Anyone dealt with Polish banks + offshore companies?

smbdoff

Offshore Agent
Setup: offshore IBC and a business bank account in Poland

Are Polish banks laid back in terms of supporting documents for incoming/outgoing transfers (like Cyprus was before 2018) or will they annoy you with a never ending requests of paperwork?

I mean if you, for instance, can provide only invoices for all transfers, but won't be able to provide contracts, are they okay with that? How about if those documents are not in Polish? And do they request invoices for each transfer or you only need to confirm it once for each sender/recipient?

I've read conflicting evidence when it comes to Polish banks, most of which is hearsay, so I'm a bit confused if they are worth the hassle of traveling there (and translating the docs into Polish) or not. So I wonder if anyone has any experience with them at all.
 

maxmmm

Active Member
Waste of time and money, they no longer open accounts for offshores (and definitely not for IBCs). You MAY be lucky with an intermediary but by yourself there's zero chance you'll get it
 

blueweb

Corporate Services
Business Angel
Mentor Group
thought it was a opening :(
 

smbdoff

Offshore Agent
Assuming I can get an account open, anyone dealt with them in terms of paperwork? I really have a feeling they may be on a bureaucratic side. The whole point of offshore (at least for me) is lack of bureaucracy. So if I have to go through too much nonsense I might as well just setup a company in a low tax zone.
 

smbdoff

Offshore Agent
Forget Poland, it is a no-go zone for us, offshore souls.
I don't believe so. Still would like to know if anyone knows something related to my question. Maybe someone has an EU based company and does banking in Poland? Personal account holders?
 

Mark Rucken

Building Trust
Entrepreneur
I have tried a few Polish banks and I got rejected by all of them. They are either asking for you to establish branch in Poland, obtain Polish Tax ID or provide them with proof of physical presence in Poland ... or all of them combined.

I have been told that M Bank Poland is liberal, but it turned out they were not interested in foreign companies without some sort of business in Poland.
 

daxbr

Building Trust
Entrepreneur
I have tried a few Polish banks and I got rejected by all of them. They are either asking for you to establish branch in Poland, obtain Polish Tax ID or provide them with proof of physical presence in Poland ... or all of them combined.

I have been told that M Bank Poland is liberal, but it turned out they were not interested in foreign companies without some sort of business in Poland.
That is exactly what happens but it still may be worthwhile to consider making an extra effort as service is excellent and they do not ask for more info after account is opened.
 

maxmmm

Active Member
Let's ask differently... has anyone here had any success in opening corp accounts in PL and cares to share how he did it \ recommend an agent?
 

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