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ARTICLE · 06 MAY 1998

Changes to Foreign Exchange Permits In Poland

PolandAccounting and Audit
Since 1 April 1996 the following changes have been made to the Minister of Finance's Decree concerning general foreign exchange permission:

Under certain conditions, it is now possible for domestic entities to transfer foreign currencies abroad to OECD member countries and countries with which Poland has signed a mutual support and investment protection treaty in order to:
  • buy shares in companies whose seat is in one of the above mentioned countries which gives the investor at least 10% of voting rights at a general meeting of shareholders;
  • acquiring or opening a branch or representative office;
  • acquiring real estate abroad in connection with business activity carried on there.

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