Polish Lower Chamber of the Parliament (Sejm) voted on Friday to launch a new “simplified joint-stock company”. The new entities will include the easiness of entry on Market (Limited Lability Company) and the advantages of joint-stock company.

Simplified joint-stock company is designed to strengthen Polish based start-ups in theirs activity on the Polish market. The main concept is to eliminate the barriers of entry (1 PLN to start) and offer the electronic registration in the 24 hours. The new law will be applicable from March 2020. According to Deloitte research, start-ups will generate 50 000 extra workplace and 2,2 billion PLN till 2023.