The best option to recommend for an entrepreneur is to have at least two bank accounts. One of them shall be used for business transactions and the second one for payment and refund of VAT tax. Such bank accounts can be sub-accounts of the same account but can be also opened in two different banks.
Sometimes it is difficult for foreign entrepreneur to open a bank account in a Polish bank online, because bank must verify the identity of the bank account owner. In most cases it is necessary to go to the bank personally. Some banks allow to open a bank account online and grant full access to all functions after the client’s verification procedure is finished. A bank verifies a person, its identity and the company’s legal and economic situation.
Many banks are not eager to open a bank account for entities in their so called ‘organizational’ stage (companies that have articles of association signed by shareholders but are not yet registered in national register of entrepreneurs).
Some of the banks participate in the Trusted Profile system that allows a natural person who owns a bank account to sign the documents electronically. This can be also helpful for the board members because they are obliged to sign annual financial reports with qualified electronic signature.
We can help you with choosing a bank and opening a bank account.