It seemed that with the President’s signature on the Polish Family Foundation Act we had reached the end of the legislative process and the long-awaited Polish family foundation had been enacted. It soon turned out that the work was resumed and the Sejm (Polish Parliament) was working on the final contents of the Act, but […]
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A new solution for Polish entrepreneurs was enacted by the Sejm (Lower Chamber of the Polish Parliament). The Polish Family Foundation is closer to coming into force than ever before. We will have a look at the basic assumptions of the Act on the family foundation. The idea of implementing an institution into the Polish […]
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In recent years, in legal and tax practice, one can observe a growing interest in foreign issues. For some clients, this is due the search for investment opportunities in other markets and expanding their operations abroad. Nevertheless, it is with increasing frequency that we record interest in foreign jurisdictions motivated by a desire to secure assets […]
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If you are an entrepreneur and you are looking for a safe place from which you may continue your worldwide expansion, choosing Switzerland may turn out to be a bull’s-eye hit! Switzerland is selected by investors and entrepreneurs who think about rebranding (converting from a local brand to an international one). Switzerland’s strategic position and exceptionally […]
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We present, in telegraphic summary, the rules for the operation of a family foundation according to the updated draft, taking into account the changes it will make to the tax and inheritance law already in force. A draft law on family foundations is undergoing proceedings at the Government Legislation Centre. The project was submitted by […]
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Customers keep asking me what to do as far as unrest on the eastern border is concerned. Due to the war threat in Ukraine the emotions are at their peak, and the questions are surprising. While some customers ask whether to buy gold, others wonder if they should sell precious metals and place the funds in […]
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Foundations have existed in Polish law for quite a long time, but they have been of limited use – for public interests. It is not currently possible to set up a foundation for private interests. The Polish legal system does not have any effective tools allowing to plan the multigenerational succession of a family business. […]
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The first generation which had the chance to build fortunes after the IIWW has passed away. Today we have the opportunity to see how well they did in ensuring safety of their property and financial stability of their relatives. While the current availability of multiple financial markets allows for diversification, the approach to investing capital […]
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Blog edited by dr Anna Maria Panasiuk
Founder and Managing Partner of Panasiuk & Partners, with many years of expertise in wealth management.
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