New Webpage of Commercial Register in Poland At the beginning of May 2024, there was an unexpected change to the website of the Commercial Register in Poland. The new webpage is also available at a new address: https://wyszukiwarka-krs.ms.gov.pl Commercial Register in Poland As before, access to the Commercial Register is completely free. It is the most important register in Poland, where all Polish companies can be found. Additionally, the Register provides information about foundations and associations in Poland. The website of the Commercial Register not only contains basic information ..read more

VASP in Poland -Quarterly Report instruction As of 2024, VASP companies in Poland are obligated to prepare and submit quarterly reports containing statistical data. The quarterly report for the first quarter of 2024 has to be submitted by April 18, 2024. This article includes detailed information about the technical aspects and instructions for submitting quarterly reports by VASP in Poland. Technical aspects 1.  Submitting quarterly reports is available only via webpage: https://www.giif.mofnet.gov.pl/#/glowna 2. System is working only on business days, 7:00-17:30 Polish time. 3 ..read more

MiCA in Poland – new crypto regulations The draft of new Polish regulation on crypto-assets has been submitted for public consultation. New law is a result of the adoption by the European Parliament and the Council (EU) of Regulation 2023/1113 of 31 May 2023 on accompanying information for transfers of funds and certain crypt-assets and amending Directive (EU) 2015/849, as well as Regulation 2023/1114 of 31 May 2023 on cryptoasset markets, commonly referred to as the MiCA. Status of current VASPs and Polish VASP Register Current Polish VASP Register will cease to exist as of 1st January ..read more

Quarterly report of VASP in Poland, final form Link to Part I questions indicated in quarterly report of VASPs in Poland Link to Part II questions indicated in quarterly report of VASPs in Poland Section 3 (Grupa 3) Active clients Total amount of active clients Total amount of VASP’s active clients. Active client – a client to whom VASP applies simplified financial security measures, a client who has at least one product, or has active access to transaction services, or can complete a transaction without any additional activities   ..read more

Quarterly report of VASP in Poland, final form Link to Part I questions indicated in quarterly report of VASPs in Poland Link to Part III questions indicated in quarterly report of VASPs in Poland Section 2 (Grupa 2) Cash transactions (Transakcje gotówkowe) Cash Overall, Cash withdrawals, Cash Transactions Does VASP perform cash deposits or withdrawals? Number of cash withdrawals. Value of cash withdrawals converted to EUR at the average NBP exchange rate from the last business day of the last quarter Number of cash withdrawals carried out by individuals with citizenship other than Polis ..read more

Quarterly report of VASP in Poland, final form At the beginning of 2024, final form of quarterly report of VASPs in Poland was published. Access to the form is reserved only via Polish Regulator online webpage system. Moreover form available is only in Polish language version. This article contains: Information about obtaining access to GIIF’s online system, including submitting identification form of Polish VASP; list of questions in quarterly statistical report with chronological order in following form: at the beginning question is indicated translation and elaboration; below question i ..read more

New reporting obligations - VASP in Poland As of beginning 2024, VASPs in Poland will be obligated to fulfill new reporting obligations. Upon Polish Regulator (pl: “GIIF”) request, cryptocurrency company shall submit quarterly reports with statistical data. First report (for IV quarter of 2023) has to be submitted until 18/01/2024. Legal basis of new reporting obligations of Polish VASPs According to Article 76 of Polish AML Act, on request of the GIIF, the obligated institution shall immediately submit or make available any information or documents held, required for the implementation o ..read more

Small Payment Institution in Poland – new requirements As of 29 September 2023 and 1 January 2024 and 29 March 2024 new regulation connected with requirements of SPI in Poland comes to force. Significant amendments to Polish Payment Services Act are effective which regulate Small Payment Institution activity in far more strict way.  New regulations apply to process of registration of Small Payment Institution – new formal requirements have been established; reporting obligations of Small Payment Institution Process of registration of Small Payment Institution (effective as of 2 ..read more

Polish crypto license for foreign company It has been over a year now since new regulations of Polish VASP Register were introduced to Polish law. My Law Firm in Poland significantly expanded experience and knowledge in Polish AML law area. In a natural way AML legislation has become my main specialization with particular emphasis on virtual currency business activity. In this article I will bring up very interesting subject – if foreign company may obtain cryptocurrency license in Poland. To be more specific if foreign entity may be entered into Polish Virtual Asset Service Providers Regis ..read more

Information for refugees from Ukraine 1. If you are emerging from the war conflict in Ukraine, you will be admitted to Poland. 2. If you do not have a place of stay in Poland, you should direct to the nearest reception point. 3. At the reception point: you will receive more detailed information about your stay in Poland, you will be provided with temporary accommodation in Poland, you will receive a food, basic medical assistance and a place to rest. RECEPTION POINTS' ADDRESSES Dorohusk-Jagodzin Suchodolski Palace Communal Culture and Tourism Center, ul. Parkowa 5, 22-175 Dorohusk – h ..read more