Company liquidation and market exit

The liquidation of a company or exiting the Polish market is a complex process requiring a well-thought-out approach, detailed tax analysis, and appropriate accounting and legal support. KR Group offers comprehensive advisory services at every stage of the process—from planning and legal formalities to the final closure of business operations in Poland.

Exiting the Polish market

Exiting the Polish market does not eliminate the necessity of managing tax settlements in Poland. On the contrary, an improperly conducted process can lead to additional tax and accounting risks. It is crucial to identify potential threats in advance and minimize them to avoid corrective actions and potential penalties.

• Tax implication analysis related to liquidation, sale, or relocation of business operations abroad.
• Recommendations on the most beneficial approach to exiting the market.
• Tax audit to identify potential irregularities, including invoice reviews, source documentation verifying VAT deduction rights, and intra-community/export transaction records.
• Legal audit analyzing the necessary legal documentation for business closure.
• Representation before tax authorities and other relevant institutions.
• Preparation of tax documentation required for the exit process.
• Assistance in obtaining essential documents, such as tax clearance certificates and tax overpayment refunds.
• Tax documentation preparation and storage for all non-expired periods—including invoices, contracts, payment confirmations, and email correspondence with business partners.
• Ongoing Advisory Services on company closure, liquidation, or business restructuring.
• Liquidation management, including: negotiating agreements with contractors and employees, adopting a resolution to dissolve the company and initiate liquidation, appointing liquidators, registering the liquidation process with the court.
• Debt settlement and receivables recovery.
• Preparation of financial statements related to business closure, including resolutions approving financial statements and actions taken by liquidators.
• Final settlements with business partners and employees.
• Support in closing accounting records
• Filing an application to deregister the company from the National Court Register (KRS).