The companies are incorporated in 2010 with a fiscal year that ends during 2011 (joint financial year) and as such could be deployed to take advantage of regulations in force prior to recent changes in Polish tax law.
As with our standard Shelf Company service all our Step Up in Basis SPVs have the following specification:
- Limited Liability companies as defined by Polish law (Sp. z . o. o).
- Management Board comprising our qualified Trinity Directors.
- Registered address in Warsaw.
- Flexible articles of association.
- Minimum statutory share capital funding of 5000 PLN.
- Active bank accounts in three currencies- US Dollar, Euro, local currency.
- Court registration for commercial activity.
- Tax registration (CIT & VAT).
- Statistical office registration.
- Current accounting records and financial statements.
- Insurance against third party claims to a limit of EUR 1 million.
Trinity Shelf Companies only has a limited number of these tax SPVs. Once they are gone the opportunities for tax optimization around step up in basis for some client assets will close.
To reserve a Step Up shelf company please contact us now for more information
